₦airaland Forum

More tax

Hope this won't cause any issues sha
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If you're interested in making money from PiggyVest and cowrywise, check my signature to get MY PHONE NUMBER. You get #1,000 each time.

BeeBeeOoh:
https://www.thecable.ng/fg-amazon-aliexpress-to-pay-6-tax-on-profits-made-from-nigerian-customers/amp

They keep borrowing to steal and we kept on Paying. Upon say we're paying entirely for everything,Now more are coming up.

About time..

Well done FG.

However, use the proceeds well

While this seem like a good development, I have issue with how the tax collected would be spent.

NGpatriot:
Best news so far in 2022.

The FG is finally going after the foreign profiteers getting rich off Nigerians without paying taxes on goods sold in Nigeria.

We've lost trillions in uncollected revenue, but better late than never.

It's Nigerians that would pay the tax not Amazon or AliExpress. I already got a random email from AliExpress today talking about reduced earning percentages because I dropship from there

Amazon just need to add the tax fee on every product shipping to Nigeria. Case close

[quote author= post=109112637]As long as it benefits the lives of Nigerian masses and won't go into the pockets of the politicians, way to go.[/quote]Explain how it will benefit the lives of Nigerian masses?

How will the proposed taxes not go into the pockets of buhari and his crew?

All the taxes that buhari/osinbajo have been using to strangle Nigerians, how have the taxes "benefited the lives of Nigerian masses"?

slowice:
While this seem like a good development, I have issue with how the tax collected would be spent.

How's it a good development?

musicwriter:
It's Nigerians that would pay the tax not Amazon or AliExpress. I already got a random email from AliExpress today talking about reduced earning percentages because I dropship from there

You are a big man o! Doing dropshipping on Amazon. What niche are you into if you don't mind?

That's good news!
Amazon is idiotic!
You sell to Nigerians, but you don't admit Nigerians into your affiliate programs.

NGpatriot:
Best news so far in 2022.

The FG is finally going after the foreign profiteers getting rich off Nigerians without paying taxes on goods sold in Nigeria.

We've lost trillions in uncollected revenue, but better late than never.

Which uncollected revenue in trillions has Nigeria lost? If the revenues were collected, how will it have improved living standards of Nigerians?

Do u think FG is taxing the companies or it is taxing Nigerians?

Seems these people are using us to play Squid game..

Let's use tax to kill them and see those that will survive.

Lol they companies always pass the cost to the end user. Expect new fees at the end of your transactions. Smile knowing you're funding the government.

adonaimart:
About time..

Well done FG.

However, use the proceeds well

Which tax proceeds have been previously used by this govt before? How are u enjoying all the multiple taxes on your income?

Is it not majority of yahoo boys that shop on Amazon, ebay, dhgate, dell, AliExpress, Alibaba

Why are they using Efcc to pursue this online workers that hustle day and night.

BeeBeeOoh:
https://www.thecable.ng/fg-amazon-aliexpress-to-pay-6-tax-on-profits-made-from-nigerian-customers/amp

Osibanjo2023, pls let me no. Is this a good policy? How will it improve the lives of Nigerians? Is osinbajo not party to this taxes, another round of taxes on the income of Nigerians? What have Nigerians benefitting from all these taxes being imposed by the buhari/osinbajo govt?

Double double taxation double inflation

Nigeria is gone

lexy2014:
How's it a good development?

The country get to earn more in this difficult time at least

And northern doesn't like pay tax

CsRockefeller:
You are a big man o! Doing dropshipping on Amazon. What niche are you into if you don't mind?

See link below, though I didn't include dropshing but I can include that for you on special request. https://www.nairaland.com/6919494/how-make-1000-per-month

NGpatriot:
Best news so far in 2022.

The FG is finally going after the foreign profiteers getting rich off Nigerians without paying taxes on goods sold in Nigeria.

We've lost trillions in uncollected revenue, but better late than never.

Absolutely the right thing to do. However as noted by others, these companies will just add the 6% VAT on top of product price and remit to govt. It even gives them some stream of income as they will likely keep and trade with the VAT money collected and only remit by year end.

As Non Resident Companies not registered in Nigeria, unfortunately they can't pay company income tax. However this is still a good step. Next is to encourage them to register and open offices in Nigeria and expose them to the potential of our large population. If only FG can see the win-win in this and do all it can to make it happen.

slowice:
The country get to earn more in this difficult time at least

All the one that the country has been earning, what has it done with it? Has it positively impacted Nigerian lives?

What will the impact of this tax be on the income of Nigerians who use these platforms? Is it the platforms that will pay the taxes or is it the already over taxed Nigerians who will pay the taxes?

What will be the consequence of such taxation on the prices goods bought from Amazon but that will be sold in Nigerian market?

NGpatriot:
Best news so far in 2022.

The FG is finally going after the foreign profiteers getting rich off Nigerians without paying taxes on goods sold in Nigeria.

We've lost trillions in uncollected revenue, but better late than never.

Exactly!
They should stand their ground and collect the taxes. Very welcome development

stepaside2:
Absolutely the right thing to do. However as noted by others, these companies will just add the 6% VAT on top of product price and remit to govt. It even gives them some stream of income as they will likely keep and trade with the VAT money collected and only remit by year end.

As Non Resident Companies not registered in Nigeria, unfortunately they can't pay company income tax. However this is still a good step. Next is to encourage them to register and open offices in Nigeria and expose them to the potential of our large population. If only FG can see the win-win in this and do all it can to make it happen.

You say it is a good step. How is it a good step? Why should they register and open offices in Nigeria? Of what benefit is it to them?

fkj950ax:
Which Amazon or which AliExpress.

All they are doing is increasing the cost of transaction of Nigerians. These companies will just add a 6% NGA Tax on transactions originating from Nigeria at checkout.
Collate the sum and give NG Govt.
It's not coming from their profit.

If they do, we'll know because we can always compare with other countries.

Pravedk:
Rubbish!


I don't have problem paying tax.

The annoying thing is that my hard earned money will be stolen by a crook


Stupid people everywhere

That's the issue for me

NGpatriot:
Best news so far in 2022.

The FG is finally going after the foreign profiteers getting rich off Nigerians without paying taxes on goods sold in Nigeria.

We've lost trillions in uncollected revenue, but better late than never.

Eriokanmi:
I may not like apc but this is a welcome development. But why did they sleep for so long?

These two people I quoted did not attend higher institution.

lexy2014:
You say it is a good step. How is it a good step? Why should they register and open offices in Nigeria? Of what benefit is it to them?

Significantly increase their market share in the supply chain logistics business in Nigeria that allows them reach many more customers. Our population provides that opportunity for them. Except of course they don't see Africa and Nigeria in particular as a useful market.

stepaside2:
Significantly increase their market share in the supply chain logistics business in Nigeria that allows them reach many more customers. Our population provides that opportunity for them. Except of course they don't see Africa and Nigeria in particular as a useful market.

This population theory has been debunked a long time

That a country has a huge population doesn't make them attractive for investment. That's old school Economics nau

lexy2014:
All the one that the country has been earning, what has it done with it? Has it positively impacted Nigerian lives?

What will the impact of this tax be on the income of Nigerians who use these platforms? Is it the platforms that will pay the taxes or is it the already over taxed Nigerians who will pay the taxes?

What will be the consequence of such taxation on the prices goods bought from Amazon but that will be sold in Nigerian market?

Nigeria has the lowest tax to GDP ratio in Africa at 6%. We complain we don't earn enough revenue to fund our budgets hence resort to borrowing. Well, this is one of many ways to increase our revenue. Spending it right is a different issue. We won't because of that refuse to collect revenue

CsRockefeller:
This population theory has been debunked a long time

That a country has a huge population doesn't make them attractive for investment. That's old school Economics nau

Debunked by who? Are you saying we don't have the population? We have the biggest GDP in Africa, how do you think that came about?