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Nigeria Tax Reforms Bill 2024 - How Does It Affect You? - Politics (2) - Nairaland

Nairaland ForumNairaland GeneralPoliticsNigeria Tax Reforms Bill 2024 - How Does It Affect You? (17111 Views)

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Re: Nigeria Tax Reforms Bill 2024 - How Does It Affect You? by casualobserver:
Bossly:
Arewa parasites remain the biggest losers 😂🤣🤓
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:
We are all listening to the most dangerous part of the bill from you sir...
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 grin 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:
I think the bill makes some sense. This will push some states to work for their revenue and create reasonable competitive industries in their states.

Especially the states that specialise in destroying some "forbidden products" but are happy to collect revenue generated from those products in other states.

The bill essentially says "Enough!" to the saying "Monkey dey work, baboon dey chop."
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:
To what extent has Tinubu impacted positively on the yearning and hope for which he was elected..

Inflation that should be one of the main focus is left to continue squeezing the poor masses..

Instead of this people to continue another four years, make rain fall abeg

Clueless moronz
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:
Sapa for northern states


This is part of the restructuring we are talking about tongue

True Federalism 🔥💯

States need working governors who will bring investments. Time for Northern States to maximize Minning and Agriculture.

Jagaban, man with the balls of steel tongue

State Police in the pipeline
Local government autonomy
Tax reform
Subsidy removal
Naira floating (fastest way to get rich before)
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:
As good as it may seem, I hope it's not a guise for another Alpha Beta package. I no trust that man presently occupying Aso Rock.
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:
To what extent has Tinubu impacted positively on the yearning and hope for which he was elected..

Inflation that should be one of the main focus is left to continue squeezing the poor masses..

Instead of this people to continue another four years, make rain fall abeg

Clueless moronz
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:
The fact that people earning below 1m annually will not be taxed and VAT on electricity, Food, Pharmaceuticals will be excluded I think the reform is a welcome devt. However People need to know that VAT on other Items will be 10% from 2025 and progressively increased as the years go by.
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:
I think the bill makes some sense. This will push some states to work for their revenue and create reasonable competitive industries in their states.

Especially the states that specialise in destroying some "forbidden products" but are happy to collect revenue generated from those products in other states.

The bill essentially says "Enough!" to the saying "Monkey dey work, baboon dey chop."
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:
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
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:
The Northern Sharia States to be precise ..

Their eyes go clear
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:
There seem to be a conspiracy between the Lagos media and the government to hide the most dangerous parts of this bill.
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:
Great

Education is the weapon against oppression. These politicians capitalize on the nation's high illiteracy rate. Thank God for social media, and also for Oloyede's leadership. The guy is simply too good at what he does.

Udume understands that if the guy and his team speak, he is done for. Lol. And the senator in charge of this investigation is excellent. They would have killed it, as they

always do with good things, or dragged it out for so long that they could make so much money every time they discussed it. Lol.

Nairalanders can now see that passing these bills is in our own best interests. Na style, we go get the regional government and resource control we have been asking for. Yes, there are always alternatives to getting what you deserve instead of turning to violence. We do not need Nnamdi Kanu and Ikpe's aggressive approach. Let us work together to strategically address Naija's challenges.

Everyone will soon start receiving what is rightfully his or hers. Na so ooo.

I dislike Tinubu and his gang members, but when I see positive results, I support them. This is great, and I support it.
Re: Nigeria Tax Reforms Bill 2024 - How Does It Affect You? by Omalicious1: 11:24pm On Nov 30, 2024
sunky97:

https://www.youtube.com/watch?v=FnPbbBBYQY4?si=2AifWZoqDzLIa7kc

This video breaks down the key components, including the new tax framework and it will help you Understand how these reforms affects you.
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:
As good as it may seem, I hope it's not a guise for another Alpha Beta package. I no trust that man presently occupying Aso Rock.
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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