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Nairaland Forum / Nairaland / General / Politics / FG Plans Further VAT Increase, New Sharing Formula (19398 Views)
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FG Plans Further VAT Increase, New Sharing Formula by ogododo: 7:45am On May 09 |
The presidential committee on fiscal policy and tax reforms says there is a need to increase the value-added tax (VAT) rate. https://www.vanguardngr.com/2024/05/fg-plans-further-vat-increase-new-sharing-formula/ 2 Likes 5 Shares
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Re: FG Plans Further VAT Increase, New Sharing Formula by Drclassic(m): 7:48am On May 09 |
Haba naija which way? 32 Likes 2 Shares |
Re: FG Plans Further VAT Increase, New Sharing Formula by Racoon(m): 7:49am On May 09 |
"Widening the tax net, collect more from the people and reduce their purchasing power."Tax!!! Constricting satanic economic policies by a utterly clueless and Incompetent government. Despite the burden of cost of living, hyper-inflation and insecurity that worsens under Tinubu administration, the government has decided to squeeze out more tax from citizens. Nigeria is a country that subjects its citizens to providing basic amenities by themselves. Well, everyone who helped to enthrone this economic disaster of a govt must collect. 151 Likes 5 Shares
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Re: FG Plans Further VAT Increase, New Sharing Formula by Racoon(m): 7:51am On May 09 |
Meanwhile; 48 Likes 3 Shares
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Re: FG Plans Further VAT Increase, New Sharing Formula by Jflex07(m): 7:52am On May 09 |
Oh God!! 1 Like |
Re: FG Plans Further VAT Increase, New Sharing Formula by SeeWahala: 7:53am On May 09 |
The only promise he subtly made was that the Tax net must be widened If you don't like it then cry to your fathers and mothers in the village 78 Likes 5 Shares
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Re: FG Plans Further VAT Increase, New Sharing Formula by MichaelSokoto(m): 7:56am On May 09 |
it's ur homeboy balablu trending on d beat! 70 Likes 6 Shares
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Re: FG Plans Further VAT Increase, New Sharing Formula by Pogba12: 7:56am On May 09 |
I dey watch una from Aso Rock. Your hope is being renewed. 69 Likes 2 Shares
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Re: FG Plans Further VAT Increase, New Sharing Formula by Brendaniel: 7:56am On May 09 |
Menclothing1: Deceive yourself, so it is until carpenter, tailor and plumber pay their tax Nigeria can never be great? And this is a Tinubu supporter.... Houseontherock1: Truly failure they say has no friend, see what you wrote up here and what you wrote below, not just that you supported Tinubu but you also had expectations from him, now you are saying all politicians are the same.... They are not the same, that is like saying all men are the same, if all politicians were the same Jonathan would have done his 8 years even if Nigeria burnt to the ground.... You are also an ethnic bigot... Don't deceive yourself, you supported nonsense into office and expected the nonsense to make sense, you're disappointed. 54 Likes 1 Share
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Re: FG Plans Further VAT Increase, New Sharing Formula by Righthussle: 7:56am On May 09 |
Mr President, give us more hardship. Give us more hardship sir. Consider introducing Breathing Levy. This will activate the highest level of hardship in the country. You'll love it sir. 66 Likes 3 Shares |
Re: FG Plans Further VAT Increase, New Sharing Formula by Houseontherock1: 7:56am On May 09 |
I never liked any polithiefcian and I never trusted any of them...but one thing is certain; I will never support any of them again and my disappointment will always be minimal; because I have zero to no expectations from them... they are all the same Modified...those of you quoting me...I still don't like or support any polithiefcian! I didn't vote for Tinubu and i still don't think Obi is the answer. They are all the same. 17 Likes |
Re: FG Plans Further VAT Increase, New Sharing Formula by OfficialAPCNig: 7:56am On May 09 |
We all saw this coming. Everyone knows that SW politicians only measure economic development with how much IGR they generate. Their obsession with IGR is frightening. No wonder they always boast how the IGR of Ogun state is bigger than the whole SE. If they get sense, they would be asking why Imo and Anambra states have a better GDP and GDP per capita than Ogun state despite Ogun huge IGR generation. And Why is Abia, Anambra, and Imo more urbanized than Ogun even with their meager IGR? But they no get sense. The image below is the Urbanization rate of selected states in Nigeria. 79 Likes 9 Shares
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Re: FG Plans Further VAT Increase, New Sharing Formula by ChasinGood(m): 7:56am On May 09 |
At this rate,the vegetable may charge for the oxygen we take in. Nigeria is not a real country 44 Likes |
Re: FG Plans Further VAT Increase, New Sharing Formula by James91: 7:57am On May 09 |
Tax collector 21 Likes |
Re: FG Plans Further VAT Increase, New Sharing Formula by DMerciful(m): 7:57am On May 09 |
Master strategist with no strategy instead he turned to tax collector! Wants to tax Nigerians to death! 66 Likes 2 Shares
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Re: FG Plans Further VAT Increase, New Sharing Formula by updatedws: 7:57am On May 09 |
You had the chance to choose between a tax collector and a business man, you chose the former... and when the collector comes for his tax, you cry foul. Worse is that, all these collections are not going into the education sector, health sector, power sector or welfare of civil servants. These multiple taxes are important to help FG raise thrillions of naira to construct the very important coastal road that 98% of Nigerians may never ply in their life time. Seyi Tinubu is a one man cabal 69 Likes 2 Shares |
Re: FG Plans Further VAT Increase, New Sharing Formula by OredoPikin: 7:57am On May 09 |
ogododo:Helinues, madridguy and their fellow conglomerate of mad people will never comment on this post🤣🤣 74 Likes 4 Shares |
Re: FG Plans Further VAT Increase, New Sharing Formula by Emmastan291: 7:57am On May 09 |
On the positive side, Agbodorians are not exempted from these VAT and Tax Increases.. No Positive News from this country since this month of May.. 33 Likes 1 Share |
Re: FG Plans Further VAT Increase, New Sharing Formula by iwaeda: 7:57am On May 09 |
ogododo: We told you, you call us names. Toh. He is only reducing your purchasing power and spending ability. Drug cartel only thinks about money acquisitions from every source. 39 Likes 2 Shares |
Re: FG Plans Further VAT Increase, New Sharing Formula by Angelfrost(m): 7:57am On May 09 |
See ehn... I have absolutely nothing against taxation for the great need to raise revenue nationwide. However, who exactly are you taxing??! The over 70 Million working people that can barely feed, transport, and access medicare?!! If you tax away the bulk of what these people are barely managing, how do they survive, pending when those generated revenues become beneficial to them??! ...And in such an obvious corrupt climate, what is the guarantee that these taxes will ever be used for the common good of average Nigerians??!! Questions... Questions... Questions!!! 31 Likes 1 Share |
Re: FG Plans Further VAT Increase, New Sharing Formula by Cj4charles(m): 7:58am On May 09 |
I can't even dash APC to even my enemies. There is a limit by which i let them suffer 36 Likes 1 Share
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Re: FG Plans Further VAT Increase, New Sharing Formula by Originality007: 7:58am On May 09 |
price of beer is about to go up. Same hypocrite from north will still collect from the Beer VAT 21 Likes 1 Share |
Re: FG Plans Further VAT Increase, New Sharing Formula by KBdownloads(m): 7:58am On May 09 |
so Tinubu wants to extort Nigerians to death or what 20 Likes |
Re: FG Plans Further VAT Increase, New Sharing Formula by KBdownloads(m): 7:58am On May 09 |
e |
Re: FG Plans Further VAT Increase, New Sharing Formula by dayleke: 7:58am On May 09 |
E never do? 1 Like |
Re: FG Plans Further VAT Increase, New Sharing Formula by strangest(m): 7:58am On May 09 |
APC is definitely going to kill this country.... Food prices is till going to rise higher and Agbadorians will still blame the traders... Las las Ronu go hear am 38 Likes 1 Share
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Re: FG Plans Further VAT Increase, New Sharing Formula by ogolemati: 7:58am On May 09 |
well as far as the touts and agberos are not excluded its a welcome development.the druggie came to steal ,kill and perish his touts and agberos 14 Likes 1 Share
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Re: FG Plans Further VAT Increase, New Sharing Formula by Basicend: 7:59am On May 09 |
Truth is, that is the only revenue generating formula that Tinubu knows. . Check his antecedents. . Instead of them to begin massive investment back into agriculture and natural mineral exploration and exportation. . As a means of diversifying the revenue / FX receipt stream, they are trying to mis-appropriated huge funds to Lagos-Calabar road. . At this critical time. If these clowns are serious about a future for Nigeria, we should be seeing real modalities being put in-place for diversification. It is the aggressive gra-gra (shallow & myopic) approach that the CBN is doing now that will save the economy but a true, clear and genuine blueprint that we must see now. Useless leaders. 15 Likes 1 Share |
Re: FG Plans Further VAT Increase, New Sharing Formula by Menclothing1: 7:59am On May 09 |
Informal sector don’t pay tax here in Nigeria the day carpenter tailor plumber welder start paying tax is when Nigeria will be great 2 Likes |
Re: FG Plans Further VAT Increase, New Sharing Formula by onyxo76(m): 7:59am On May 09 |
OredoPikin:they will be taxed too . 22 Likes |
Re: FG Plans Further VAT Increase, New Sharing Formula by Solofresh2: 7:59am On May 09 |
Kukuma finish us patapata 1 Like |
Re: FG Plans Further VAT Increase, New Sharing Formula by Originality007: 8:00am On May 09 |
Racoon: Nobody is protesting anything. We go gather dey enjoy this gov, like that . I will advise the military to shoot anybody that come out to do any form of protest wether peaceful or non peaceful. Moreover, Protest is harram 15 Likes 1 Share |
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