Nigeria Tax Reforms Bill 2024 - How Does It Affect You? - Politics (2) - Nairaland
Nairaland Forum › Nairaland General › Politics › Nigeria Tax Reforms Bill 2024 - How Does It Affect You? (17111 Views)
| Re: Nigeria Tax Reforms Bill 2024 - How Does It Affect You? by casualobserver: 6:52pm On Nov 30, 2024*. Modified: 11:03am On Dec 01, 2024 |
Bossly:This tax bill will remove any doubt that Tinubu is the greatest political strategist we have ever had. The north is the richest zone in Nigeria. They have minerals, they have fertile agricultural land but they have become lazy and dependent on income from the south. What Tinubu is doing is restructuring by stealth. This is what those in the North h who are against it fear. They don’t support the bill because it means their governors will now be forced to think and develop their God given potential and many of their governors are leeches. There are very few Bagos or ElRufais in the North. Now onto Tinubu’s joker. There is a VAT lawsuit instituted by Lagos and Rivers instituted when Wike was governor and pending before the Supreme Court. The recent pronouncement by the Supreme Court on lottery tells us if the suit is heard by The Supreme Court, Lagos and Rivers will win. That means they will lose the vat money they are currently getting from Lagos and Rivers and those states will keep all their vat to themselves. So the North are boxed into a corner. That is why they are coming up with excuses that are befuddling like it is too soon. Either pass the tax law or lose the VAT from Lagos and Rivers at the Supreme Court. Restructuring is happening. The days of doing nothing as a northern governor are gone!! This is why I have been saying in other threads to those talking about 2027. The Tinubu I am seeing is not planning for 2027. He is making the changes such that if you like vote for me if you like don’t. I know for a fact that Tinubu knows he was lucky to have won the election and if not for the suicidal actions of the opposition he won’t have won. So I suspect he has said to himself this 1term I will do what needs to be done. I suspect this is not the end game. The real joker is this: once the North are forced to develop their own industries and potential, they will start to realize they actually are richer than the south and will not want to share their income with the rest of the country. The income from the North can easily surpass all the VAT and oil income from the south within 10yrs if they are serious. For all the oil money that they are obsessed over, the oil sector is only 10% of our GDP. The biggest component is agriculture and the biggest contributor to agric is the North but they refuse to develop the agric value chain because of easy oil and VAT revenues from the south. A lot of our valuable solid minerals are in the North. Once they are not dependent on southern money, true political restructuring becomes easier. If we can acheive regional autonomy, they can keep the presidency for ever. |
| Re: Nigeria Tax Reforms Bill 2024 - How Does It Affect You? by gabbytabby: 7:00pm On Nov 30, 2024 |
Na so I dey tell them this man (PBAT) is from the crop of men who want to leave their positive mark on the sands of time. Simple and humble with a can do attitude. |
| Re: Nigeria Tax Reforms Bill 2024 - How Does It Affect You? by owobokiri(m): 7:04pm On Nov 30, 2024 |
Arrahman39:You will cry later as usual. Are you not crying about the fuel prices today? When we raised hell about this mans megalomaniac dispositions on sundry issues, you guys termed us wailers. Now you wail pass.. Make them pass the bill In few months after, you will wail |
| Re: Nigeria Tax Reforms Bill 2024 - How Does It Affect You? by LockDown69(m): 7:07pm On Nov 30, 2024 |
Na Lamba the masses will still suffer indirectly. Quote and screenshot this comment for future reference. Once the government doesn't address Basic amenities for the common man. like affordable health care, schooling, good roads, electricity, water etc. |
| Re: Nigeria Tax Reforms Bill 2024 - How Does It Affect You? by ObiaboAdoka(m): 7:12pm On Nov 30, 2024 |
Checkwell:Hope you are not referring to the Arewa States that forbid alcohol. |
| Re: Nigeria Tax Reforms Bill 2024 - How Does It Affect You? by Babangidapikin: 7:13pm On Nov 30, 2024 |
Where can I get a copy of this proposed Tax Bill |
| Re: Nigeria Tax Reforms Bill 2024 - How Does It Affect You? by Typing: 7:14pm On Nov 30, 2024 |
Flame333:He will be ejected from Aso rock by 2027. |
| Re: Nigeria Tax Reforms Bill 2024 - How Does It Affect You? by ibtommy(m): 7:15pm On Nov 30, 2024 |
id4sho:I sense that this may force the northerners to decide they want to leave. In fact, it will be a juicy decision. We are tired of this demonic amalgamation. |
| Re: Nigeria Tax Reforms Bill 2024 - How Does It Affect You? by daniwise(m): 7:28pm On Nov 30, 2024 |
You have to be irredeemable stupid to belive this.Nothing good can ever come out of APC/Tinubu |
| Re: Nigeria Tax Reforms Bill 2024 - How Does It Affect You? by Zico5(m): 7:34pm On Nov 30, 2024 |
zuzuonyi:You truly speak my mind. Who will trust a man that only live on propaganda. When he was demonising GEJ, some of us innocent souls thought he was fighting for the masses. He reached his turn, he turned to Nebcadnezar. Trust Tinubu and his policy at ur own peril. The tax Reform may be an attempt to position his family toward taking the larger part of Nigeria economy. Let the poor breathe |
| Re: Nigeria Tax Reforms Bill 2024 - How Does It Affect You? by Mandate1: 7:34pm On Nov 30, 2024 |
Support this bill at your own peril. Nigerians are already being over taxed. The question is, how many Nigerians are in the formal sector that earn less than 800,000 that are being taxed? What is the percentage tax derived from them? They are sweet talking it to mean they are taking tax off them, but indirectly adding it to VAT. VAT of 10% in a comatose economy will further send the people into poverty. The govt said they will remove import duty from certain essentials almost a year now, nothing has been done. A cleaner who earns 60,000 today might be taxed 6-10%, that's not more than 6000. Govt removes the tax and raises VAT, you go to the market to buy goods that they price has increased drastically. Who is losing? Greek gift. |
| Re: Nigeria Tax Reforms Bill 2024 - How Does It Affect You? by Edojoma(m): 7:35pm On Nov 30, 2024 |
Flame333:But e go shock u say same people wen dey complain now, people wen dey swear for tinubu now, go still vote am in for small change come 2027... And d north too, by d time dia alpha throw dem Muslim shit against Christianity n how it is Haram. Dem go run again for tinubu, yet dey will leave dia region and come to d south to beg money from same infidels... Nigeria has a long way to go walahi |
| Re: Nigeria Tax Reforms Bill 2024 - How Does It Affect You? by Mandate1: 7:41pm On Nov 30, 2024 |
Hopez456:you blv VAT on electricity will be excluded? Hahaha, without the VAT you already have Band A, wait for it bro. |
| Re: Nigeria Tax Reforms Bill 2024 - How Does It Affect You? by jimmynauty: 7:43pm On Nov 30, 2024 |
Checkwell:Uespoh Dubai more Arabic than Dem is allowing the forbidden product. |
| Re: Nigeria Tax Reforms Bill 2024 - How Does It Affect You? by Flame333: 7:50pm On Nov 30, 2024 |
Edojoma:True talk |
| Re: Nigeria Tax Reforms Bill 2024 - How Does It Affect You? by faceland: 7:53pm On Nov 30, 2024 |
Summary, they would use technology to take tax from anyone earing 3500 a day (they don't care how much is your profit, just give them their cut (from 300 to over 800 naira from your 3500 a day). This is why cash is hard to get these days. |
| Re: Nigeria Tax Reforms Bill 2024 - How Does It Affect You? by DuttyChuks: 7:54pm On Nov 30, 2024 |
Those regions that destroys beers and still enjoy taxes from beers, una go cry kwaaaaaaah with una eyes very soon! |
| Re: Nigeria Tax Reforms Bill 2024 - How Does It Affect You? by ezugegere(m): 7:59pm On Nov 30, 2024 |
I don't trust anything from APC government. Devlil has no capacity to do good |
| Re: Nigeria Tax Reforms Bill 2024 - How Does It Affect You? by GOVERNORR: 8:00pm On Nov 30, 2024 |
Let Northerners with businesses and headquarters in Lagos start moving them back to the north is they want their states to gain from this |
| Re: Nigeria Tax Reforms Bill 2024 - How Does It Affect You? by faceland: 8:01pm On Nov 30, 2024 |
Every shop (even roadside corn seller, car wash and fruit seller) makes more than 3500 a day so government worker might catch them to pay up like the Romans did to Jews in the day of Jesus Christ. They would be locking stores and all sort of things. Everyone that qualify for tax should be paying nothing less than 8k naira per month (how much is your house rent or even Boko Haram levy?). |
| Re: Nigeria Tax Reforms Bill 2024 - How Does It Affect You? by watchindelta(m): 8:05pm On Nov 30, 2024 |
This is good but we still need light 24/7 to make the economy run smoothly and cut cost of production. We need light pls. |
| Re: Nigeria Tax Reforms Bill 2024 - How Does It Affect You? by NuhuAjang71(m): 8:05pm On Nov 30, 2024 |
Despite this, I remain skeptical of the government because we haven't witnessed or experienced any positive impact. |
| Re: Nigeria Tax Reforms Bill 2024 - How Does It Affect You? by Honestey: 8:22pm On Nov 30, 2024 |
3 leading presidential candidates; One fully prepared to govern the country One fully prepared to loot the country One fully prepared to govern the Twitter and Facebook. |
| Re: Nigeria Tax Reforms Bill 2024 - How Does It Affect You? by phemray(m): 8:30pm On Nov 30, 2024 |
RedScorpion:Just see how they will tactically withdraw Sharia enforcement when hunger want kill them |
| Re: Nigeria Tax Reforms Bill 2024 - How Does It Affect You? by Meerahbel: 8:59pm On Nov 30, 2024 |
owobokiri:Which is? |
| Re: Nigeria Tax Reforms Bill 2024 - How Does It Affect You? by MadamExcellency: 9:33pm On Nov 30, 2024 |
The passage and failure of this bill rest solely on the votes from Eastern Nigeria. They are the only undecided party on the table and to some extent, middle-belts |
| Re: Nigeria Tax Reforms Bill 2024 - How Does It Affect You? by EPIJOE: 11:12pm On Nov 30, 2024 |
Well said 💯 epainos: |
| Re: Nigeria Tax Reforms Bill 2024 - How Does It Affect You? by Omalicious1: 11:24pm On Nov 30, 2024 |
sunky97:Just know that if they tax people like Dangote, Elumelu, and the rest, they will just transfer the cost to the end user. Remember, the rich always have a way to escape the tax burden |
| Re: Nigeria Tax Reforms Bill 2024 - How Does It Affect You? by Bishopadaidu(m): 11:46pm On Nov 30, 2024 |
You don’t need to explain the new tax reform bill to average Nigerians, they will understand when it’s passed just the way they understood the removal of fuel subsidies. End the debate and pass the bill. Who go survive go survive. |
| Re: Nigeria Tax Reforms Bill 2024 - How Does It Affect You? by fxdee(m): 12:04am On Dec 01, 2024 |
zuzuonyi:You have problem with what a man put in place from his professional expertise over twenty years ago that's working well for the benefit of the state by improving their revenue generation but you don't have problem with other people that could not even do anything to last for the period of their own government and you want the country to move forward.. That's not possible...if the idea is for only him to make money, it would not have lasted this long and go and find out how many states have borrowed the same Alpha beta innovation of revenue collection to improve their state revenue before saying what you know nothing about online... |
| Re: Nigeria Tax Reforms Bill 2024 - How Does It Affect You? by travelzcruix: 12:29am On Dec 01, 2024 |
It will affect your purse when you reach market. |
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the masses will still suffer indirectly. Quote and screenshot this comment for future reference. Once the government doesn't address Basic amenities for the common man. like affordable health care, schooling, good roads, electricity, water etc.