₦airaland Forum

CodeTemplarr:
Go meet them where they are prospecting oil and eject them. I am not them. Don't unleash your frustrations on me Oga.

Pack your load and go to Lagos. Don’t forget your prospecting machines. Goooooooooooooooooo

lazy and clueless governors should make their state condusive for business to grow, only u carry sharia for head, only ban ban everything, only u start riot coz they burn one book in another continent, only you do seat at home, yet you want a fair share with state that has high tolerance for everybody and any business. YOU CANT EAT YOUR CAKE AND HAVE IT. SAY NO TO PARASITIC STATES

beejay85:
A manufacturing company is nothing with a filled up warehouse.
Its a fact that when you remove the sales from the north from companies like Unilever,Nestle,FMN, Honeywell etc with the current economic situation- these companies would have shutdown as sales in Lagos,Port Harcourt and Fct can't pull them through in anyway.
Everyone sees issues with alcoholic beverages not consumed in the north but do you consider the number of trucks of non alcoholic beverages (maltina,coke,Pepsi,Amstel ,table water ) etc that finds its way up orth on a daily basis?
In conclusion,if you have no sales for the value you create,ur enterprise will go down...so VAT should be benefitted by the producing and also consuming states

sales and consumption should be taxed by making the salesman pay his or her own tax to the state according to his or her profit from that sales.
Value-addition too should be taxed and paid ti where value is being added to raw inputs. It is a simple thing.

CodeTemplarr:
sales and consumption should be taxed by making the salesman pay his or her own tax to the state according to his or her profit from that sales.
Value-addition too should be taxed and paid ti where value is being added to raw inputs. It is a simple thing.

You made sense here. What are the oil headquarters in Lagos adding as value to it when the crude is being exported straight from the ground in the Niger Deltas’?

Zooposki:
You made sense here. What are the oil headquarters in Lagos adding as value to it when the crude is being exported with no value added?

all the ideas to run to the industrial process are added there.

CodeTemplarr:
all the ideas to run to the industrial process are added there.

All the ideas to run the industrial process are coming from the west, where the parent companies are located. The only refinery adding value to the crude in it’s raw form is Dangote refinery.

Zooposki:
All the ideas to run the industrial process are coming from the west, where the parent companies are located. The only refinery adding value to the crude in it’s raw form is Dangote refinery.

Dangote operation and head office is in Lagos. Use another example.

hisexcellency34:
But states banning and destroying beers can have VAT

It the tinubu reform goes through,there wouldn't be any question about this,you only get vat on what's consumed in your state.....if alcohol isn't consumed in your state,u get no vat.

Tinubu should actually be praised for this because his Lagos would be getting less than they are already getting if the reform goes through,that is genuine statesmanship if I must say.

They are dragging how to share the tax paid by the populace but not how to make their lives better

SmartPolician:
There's no modification made to the tax bills that won't see Lagos, Abuja and Port Harcourt getting the most vat because they are the core consumers in Nigeria.

Even Ogun State, which has many industries, cannot stand a chance because most goods produced in Ogun State are consumed in Lagos and across Nigeria.

Just as the middle class is quickly varnishing, there's no conscious effort to distribute the wealth of Nigeria. We are still living with the "grab as much as you can" disease.

Your analogy isn't quite correct,what it means is that govs would now strive to develop their states economies by providing basic infrastructure, education,health care and most important of all, security.......a state like Ogun or oyo can attract people who feel overburdened with taxes and living in Lagos by guaranteeing those things listed above....many people are already migrating to Ogun from Lagos and this is a plus for the economy of ogun state and all the govt needs is to ensure their are good road infrastructure,health care and security.

CodeTemplarr:
Is Kano consuming alcohol when they take VAT from alcohol? That formula is fair enough if we must grow. The north wants VAT shared by consumption but get VAT from what they do not consume presently. How does lagos get rewarded for absorbing the pollution that goes with value-addition(manufacturing)?

Very fair and straight to the point, Infact,According to the Supreme court ruling, FG shouldn't be collecting VAT self, so, Those states suppose to have a 100% VAT

unitysheart:
As much as this is fine, northern states shouldn't benefit that much from VAT raised through alcohol beverages and similar substances.

You people should stop over flogging this alcohol issue with the north,how much is total vat from alcohol,is alcohol the only vat earner in Nigeria....there are far more goods that would equally earn the north a lot more money.....

Archtype:
Very fair and straight to the point, Infact,According to the Supreme court ruling, FG shouldn't be collecting VAT self, so, Those states suppose to have a 100% VAT

If FG dont centealize and regulate VAT, in an attempt by crooked governors to catch up with Lagos and Rivers, other states will use taxation to fustrate whatever isnt ptoduced within their states and a war of fustration between states will emerge.

Samunique:
Tinubu high headedness and mis governance will soon be his undoing.

You mean to say you don't see anything good in the presentation by the firs boss?

overall90:
It shows you didn't read the write up
How can Lagos be taking 70 % of vat paid by MTN subscribers simply because MTN headquarters is in Lagos.
The same goes to many other companies who services and products are consumed all over the country.

The same thing kwakwanso is talking about.

CodeTemplarr:
Is Kano consuming alcohol when they take VAT from alcohol? That formula is fair enough if we must grow. The north wants VAT shared by consumption but get VAT from what they do not consume presently. How does lagos get rewarded for absorbing the pollution that goes with value-addition(manufacturing)?

Why don't we allow those states that consume alcohol to enjoy the VAT on it and let all the states where MTN and others have masts also enjoy the VAT from the telecom? Must we lump everything together?

masterfactor:
Every state on his own, the era of free money is coming to an end, if you want the lion share, improve the IGR of your state. The issue here is that most states governor are lazy and they have nothing to offer, all they are interested in is to go to Abuja and collect federal Allocation.

Talking off point. Did you even understand what you just read before responding? That's how they normally fail in exams

SmartPolician:
There's no modification made to the tax bills that won't see Lagos, Abuja and Port Harcourt getting the most vat because they are the core consumers in Nigeria.

Even Ogun State, which has many industries, cannot stand a chance because most goods produced in Ogun State are consumed in Lagos and across Nigeria.

Just as the middle class is quickly varnishing, there's no conscious effort to distribute the wealth of Nigeria. We are still living with the "grab as much as you can" disease.

You are missing the point. He said Lagos and those other states get more because the headquarters of companies paying the Vat is situated in them not because Lagos consumes more good.
MTN pays Vat in Lagos only but MTN products are consumed in every states just like many other companies.

Evidently, it is clear that this states generates more VAT than the others therefore no issues with this sharing formula.

I agree with Zacch, if alcohol does not sell in the North then other products are selling which they can use to balance up. Being different should not be made difficult, if their religious background doesn't accept alcohol, it's their life, they shouldn't be punished for it. Mind you, amount spent on data and recharge cards might be more that buying alcohol, I don't have data to back my claims but I can tell you for fact that if 95% of the northerners are using telcos services then 30% or more are taking alcohol, so there is a balance.

EXPRESSSMAN:
You are missing the point. He said Lagos and those other states get more because the headquarters of companies paying the Vat is situated in them not because Lagos consumes more good.
MTN pays Vat in Lagos only but MTN products are consumed in every states just like many other companies.

I have listened to that argument and understood what they are trying to do. And I am saying that even if you adjust the as-is vat bill, those places I mentioned will get 70% of the vat revenue because they are the biggest consumers in Nigeria.

🤣🤣🤣🤣🤣🤣


He pain them.....bunch of useless states .....

Which Tax to useless 34 states they generate?

I wonder if comprehension is an issue here. The FIRS Boss is saying Kano, Bauchi, Borno and others were not getting fair VAT share of what is consumed in their states, you are here talking about Kano taking alcohol VAT. Kano did not receive vat collected on services rendered by mtn and her likes in Kano and other respective states, nor where they given enough of food that they sell to the nation.
If Northerners should collect vat on food and other agro services don't you know they will realize alot?

CodeTemplarr:
Is Kano consuming alcohol when they take VAT from alcohol? That formula is fair enough if we must grow. The north wants VAT shared by consumption but get VAT from what they do not consume presently. How does lagos get rewarded for absorbing the pollution that goes with value-addition(manufacturing)?

SmartPolician:
I have listened to that argument and understood what they are trying to do. And I am saying that even if you adjust the as-is vat bill, those places I mentioned will get 70% of the vat revenue because they are the biggest consumers in Nigeria.

Even at that, it will not be so. What is the population of the three states compared to the population of the country?
The three states will surely have an upper hands but not to the level of 70%.

CodeTemplarr:
If FG dont centealize and regulate VAT, in an attempt by crooked governors to catch up with Lagos and Rivers, other states will use taxation to fustrate whatever isnt ptoduced within their states and a war of fustration between states will emerge.

you may see that as a disadvantage but it's rather an advantage cos it will gives room to a healthy competition amongst states cos states will state hustling to attract direct foreign investment in their state just like the Regional Government competition in the past. The few states that will be at disadvantage will definitely come from the north, but till date the north has somehow corned their own resources like Gold to themselves but are still sharing from the goodies in the South, Imagine sharing from VAT from Alcohol but still destroy Alcoholic drinks in your state

Excuse me Sir. Can i please ask why Kano State consume VAT from alcoholic products yet the very same product are tagged as "haram"......no be hypocrisy be that?

HelloHelloagain:
You Dey mind the loafer when Dey trade with FOMO

e think say everybody na fool

Tell helinues make e Dey proud show the full screen of the npl with balance visible 😂

as e see say market dey upside
anyway at least he has decided to be useful, albeit with FOMO.

the balance fit be $1.26

Oga go sleep. E be like say you get babes in some of the 34 states.

dtiBusiness:
I wonder if comprehension is an issue here. The FIRS Boss is saying Kano, Bauchi, Borno and others were not getting fair VAT share of what is consumed in their states, you are here talking about Kano taking alcohol VAT. Kano did not receive vat collected on services rendered by mtn and her likes in Kano and other respective states, nor where they given enough of food that they sell to the nation.
If Northerners should collect vat on food and other agro services don't you know they will realize alot?

VAT is about Value Addition and not consumption.

maasoap:
Why don't we allow those states that consume alcohol to enjoy the VAT on it and let all the states where MTN and others have masts also enjoy the VAT from the telecom? Must we lump everything together?

Value Addition is not consumption. Consumption is very different from value-addition.

Great100000:
Source: https://guardian.ng/business-services/its-unfair-for-lagos-rivers-fct-to-have-70-vat-proceeds-firs-boss/

Hmmm.
Yes he has a good point.