Taxes without infrastructures been put in place
Shambles of a government

2mercy:
Global competitiveness: Over 30 taxes choke industries in Nigeria as FG plans 18 more



https://www.vanguardngr.com/2023/04/global-competitiveness-over-30-taxes-choke-industries-in-nigeria-as-fg-plans-18-more/

On this one, The federal government is doing okay, No blame here.

It is unfair to compare the Nigeria market with other African countries. Countries like Ghana with lower tax rate and levies have no competitive advantage like Nigeria. Nigeria have a population of over 200 milion people, that is about 30 times Ghana and 95% other countries. Companies are turning in bilions in profit due to the huge market availablility. Besides most huge investors regard Nigeria as ground zero of business expansion due to human resources and hence networking here is very easy and leveraging on partnership is easy
So can they please shut up and do busineas

hehehehehe elections have consequences

And people with heads are still supporting APC

3rockets:


On this one, The federal government is doing okay, No blame here.

It is unfair to compare the Nigeria market with other African countries. Countries like Ghana with lower tax rate and levies have no competitive advantage like Nigeria. Nigeria have a population of over 200 milion people, that is about 30 times Ghana and 95% other countries. Companies are turning in bilions in profit due to the huge market availablility. Besides most huge investors regard Nigeria as ground zero of business expansion due to human resources and hence networking here is very easy and leveraging on partnership is easy
So can they please shut up and do busineas

What did these companies export in the last fiscal year? let's talk numbers here. what is being manufactured in Nigeria form inception to finished product?

Taxes with not responsibility, provision or accountability to the taxpayers. That's is the characteristics and mode of operation of an irresponsible government

After taking huge loans and accomplishing nothing with it and oil revenue is being mismanaged and stolen they have to depend heavily on taxes for revenue.

Only companies owned by Obidients get taxed

chukkystar:
For every 1m You make Government will collect 300k. Money they will still loot. Haba na, how corruption no go dey?

You're still better. Nigeria is free. Everything is free education , name it

In the US, you make $30k/annum, government take $18k

Nigeria is free. Everything is free education , name it

In the US, you make $30k/annum, government take $18k

MXrep:
No Nation can tax itself into prosperity

I cried for Nigeria the day I paid taxes for our trucks at the local government to see included in the taxation receipt is the charges for galloping levy,we are paying for driving and bouncing over gullies and potholes on the roads,can you pls tell me how mad a country can get?

Ibeokehie, please come and provide us statistics and research about how Many nigerians will enter poverty and die based on this new development. Also, give citation on the research paper you're quoting today. Also, tell us about how people in the US don't pay taxes and yet still make $1M/month

How can a tax evaded be choking?

How many companies or individuals are paying the above listed taxes?

Is Nigerian tax system efficient talk less of choking?

Tadadobe:
Nigeria is free. Everything is free education , name it

In the US, you make $30k/annum, government take $18k

The government gives u security, power, roads, jobs and opportunities. What does Nigerian government give u in return for multiple taxes? Headache and corruption

Lamentations Upon Lamentations

coconutbag:
BAT is coming to take more tax with his alphabeta company. Brace up.

You in the spirit

The former finance minister said it was the master plan of you know who the govt was following
Well you know who is coming to supervise it himself
Smh

jaxxy:


The government gives u security, power, roads, jobs and opportunities. What does Nigerian government give u in return for multiple taxes? Headache and corruption

You pay taxes in Nigeria? That's strange. Except organisation I don't think any Nigerian pay taxes. Yet government still provide roads (though not as good as we want but it's free), free education from primary to University, free power supply (though not regularly). But don't you think if we're paying for all these just like they do in other countries, I think nigeria will be better

Gboom:
How can a tax evaded be choking?

How many companies or individuals are paying the above listed taxes?

Is Nigerian tax system efficient talk less of choking?

Don't mind them o.

Hmm

Tadadobe:


You're still better. Nigeria is free. Everything is free education , name it

In the US, you make $30k/annum, government take $18k

but there is visible development and good standard of living with the taxes they collect over there

Tadadobe:


You pay taxes in Nigeria? That's strange. Except organisation I don't think any Nigerian pay taxes. Yet government still provide roads (though not as good as we want but it's free), free education from primary to University, free power supply (though not regularly). But don't you think if we're paying for all these just like they do in other countries, I think nigeria will be better

What trash did you just write up there? List the universities that are free in Nigeria? also list the areas with free power supply? and who says Nigerians don't pay tax, have you asked cooperate workers how much is removed from their salary? Or is it shops that don't pay taxes to local government

MXrep:
No Nation can tax itself into prosperity

But the 'West' did.

chukkystar:
For every 1m You make Government will collect 300k. Money they will still loot. Haba na, how corruption no go dey?

300 wetin.. Small small

Tadadobe:


You pay taxes in Nigeria? That's strange. Except organisation I don't think any Nigerian pay taxes. Yet government still provide roads (though not as good as we want but it's free), free education from primary to University, free power supply (though not regularly). But don't you think if we're paying for all these just like they do in other countries, I think nigeria will be better

taxes are deducted from ur salary if u work I'm any major company. this has been on from 2007 or so to my own knowledge.

if u own a house u pay taxes yearly.

if u own a car u pay toll fees in lagos

and there are many more for shop owners and private companies

What does the government do besides steal and mismanage the money?

You see Nigeria 🤔. That's why I always laugh at the people that are always crying that they pay tax abroad. Do they not pay in Nigeria, off course to me the tax in Nigeria is even higher, if you work as a worker in Nigeria and Nigeria government tell you that they increase your salary with 50 naira, they will use tax to take 20 naira out of it and at the end of the day, only the government benefit from the tax, not the citizens. Meanwhile if you don't do government work, you still pay indirectly, because by the time they increase tax on the industry, those will increase the price of their products, so you get less value for what you buy. So I prefer the abroad taxing system especially here in the US, where you even get tax credit after filing your taxes. I always see the tax credit like government as been saving money for me for the products that I have been buying for my own family use.

Fearyourcreator:

300 wetin.. Small small

that's what 30% tax signifies na. It there on the post, it's not like I made it up

The way forward is to be producing from your kitchen or basement and be selling in an unofficial market like WhatsApp.

I never see a government that's not people oriented like Nigeria.

Don't mind them. They career politicians have never even owned a successful business. That's why. If they have, they would have known what it takes to break even and remain in business

Multiple taxes introduced by the three tiers of government has crippled Industries in the country, even the proceeds from these taxes are not seen in any form In the economy, despite this, they still go borrowing.
Not to mention the VAT imposed on Nigerians,the government has increased the rate of poverty in Nigeria.Inflation is on an all time high .

Very wicked country...I regret to be from here

2mercy:
Global competitiveness: Over 30 taxes choke industries in Nigeria as FG plans 18 more



https://www.vanguardngr.com/2023/04/global-competitiveness-over-30-taxes-choke-industries-in-nigeria-as-fg-plans-18-more/

Contact us at newaspiration consulting and services limited, for your financial account and financial statement preparation, tax related matters, preparation of feasibility report, General supplies and general contract, pest control and fumigation services. Wathsapp us on 08092273182

Tadadobe:


You pay taxes in Nigeria? That's strange. Except organisation I don't think any Nigerian pay taxes. Yet government still provide roads (though not as good as we want but it's free), free education from primary to University, free power supply (though not regularly). But don't you think if we're paying for all these just like they do in other countries, I think nigeria will be better

What are you saying? If you don't know, you better ask. I pay income tax of about 1.8million Naira monthly. Do I get equivalent worth of that in services provided? The roads I can't drive my cars on, I still pay for my kids education right from primary school, electricity is hardly available, I still sank my own borehole to get water. Can you tell me what they offer me to justify collecting 1.8million monthly?
Yet, It doesn't stop Nigerian police from slapping or harassing me or any other citizens on the road.
It's obvious you are one of those that don't pay taxes in Nigeria.