₦airaland Forum

You don't only support a business but also destroy it yet you want income from such business...... Is that not aram

Franzinni:
I have companies making below 25 million so I have selfish interest in the bill... I don't want government in my pocket.

I might be naive tho as that is the only part of the bill I gravitate to

sir pls help me hunger wan finish my life

Yawa dey smell

Mrwhite09:
sir pls help me hunger wan finish my life

mr white my guy ... No mind me o I just dey claim big man to impress candidlady as she no like broke guys ....

Mtn just warn me self the 10mb wey I borrow don remain 100kb. I hope say this comment go deliver self .. Kai

Sapa na bastard!

Below is the cogent reason why I like the Tax reforms.
Is now obvious why the entire North is against the Tax reforms.

Is time we stop this Northern Liability
👇👇👇👇

Things will hit differently soon.....

👇👇👇👇

Bayelsa contributed ₦7.12billion to VAT purse & received ₦5.58billion from VAT purse🤣🤣

Imo contributed ₦235.41Million to VAT purse & received ₦6.01billion from VAT purse.

Katsina Contributed ₦1.68billion to VAT purse & received ₦7.27billion from VAT purse.

Delta contributed ₦13.09billion to VAT purse & received ₦7.72billion from VAT purse.

Zamfara contributed ₦432.8Million to VAT purse & received ₦5.65billion from VAT purse

Rivers contributed ₦70.54billion to VAT purse & received ₦15.54billion from VAT purse.

Abia contributed ₦663.42million to VAT purse & received ₦5.43billion from VAT purse.

Kebbi contributed ₦665.17million to VAT purse & received ₦5.66billion from VAT purse.

Cross River contributed ₦1.08billion to VAT Purse & received ₦5.51billion from VAT purse.

Lagos Contributed ₦249.77billion VAT & received ₦40.22billion from VAT sharing...

Jigawa contributed ₦1.59billion to VAT purse & received ₦6.42billion from VAT purse.

Kaduna contributed ₦2.03billion to VAT purse & received ₦7.47billion from VAT purse.

Niger contributed ₦1.73billion to VAT purse & received ₦6.21billion from VAT purse....

Present sharing formula:
Equality...50%
Population..30%
Derivation..20%

Proposed NEW sharing formula:
Equality.....20%
Population....20%
Derivation.....60%

*I hope they will also use the same formula/template for other resources e. g crude*

I am happy with this thread. I purposefully avoided commenting earlier in order to read other people's comments. Many of those who oppose them appear to have become sufficiently educated about them.

We may dislike Bola Tinubu, but these bills convince us to support him in this area. We will keep opposing some of his bad policies, but lets support the good ones. Let us make Nigeria work. This is our only chance to tell the north to go to work.

Well done everyone.

My money will not go to this useless government to fund their dirty night life. They can continue drilling the crude oil. If it’s not enough for them, then let them jump into lagoon

Yes

1, it removes multiple taxation on businesses which eventually kill the business, and which also discourages others from running business in Nigeria.

2 It introduces healthy rivalry among states. States with intelligent Governors who can think out of the box will always attract businesses to his states.

3. It is a subset of regional government.

4. It is fair

Franzinni:
mr white my guy ... No mind me o I just dey claim big man to impress candidlady as she no like broke guys ....

Mtn just warn me self the 10mb wey I borrow don remain 100kb. I hope say this comment go deliver self .. Kai

Sapa na bastard!

ofcourse my brother

Not in support..
The federal government said the tax reform bills will reduce the price of foodstuffs, goods and services..how will it reduce the price of foodstuffs goods and services.. when the high costs of fuel is the one causing the high costs of food stuffs, goods and services and causing inflation..the floating of the naira is also deprecriating the naira against the dollars and also causing fuel, diesel to be expensive and also causing imported goods to be expensive.and inflation...so if all this issues is not tackled and addressed by the federal government.the high costs of fuel, disel and deprecriation of the naira against the dollars..1750 naira to a dollar now...price of foodstuffs, goods and services and inflation cannot go down and the tax reform bills is not the solution to Nigeria problems and the inflation

The Major essence of the Tax Reform bill is to stimulate the Economy.

I likened the Tax Reform Bill to as the " Art of Stimulation" of the CLITORIS on the Vagina! What happens when the Clitoris is aroused?...

Therefore using the tax reform, the economy must be skillfully stimulated to achieve the desired orgasm.

One of the best thing that will happen in Tinubu administration is this tax bill, no more free money for parasites. Baba just dey give it to them wototo

Am from south west i never like tinubu, but am insupport of this tax reform bill

fineboynl:
Do you support the tax reform. If yes why?

And if you are against the tax reform why?

Tax reforms will give more monies to states. States will be incentivized to provide real infrastructure to attract investments and the amenities to attract high quality residents to their states. If you keep your vat, then you need doctors engineers lawyers etc to populate your state not okada riders, farmers and almajiris who don’t pay VAT. This will curb the migration to the SW. people will leave Lagos because right now Lagos is unloveable but people are remain in Lagos because there are no viable alternatives. You will stop hearing nonsense like “I have not borrowed money” from governors when they need to borrow to build the infrastructure to attract the industries and residents to their states.

2: Governors will take security seriously because they can’t attract investment and high quality residents if their states are unsafe

3:as a result of the above, if the north develop their potential, they will eventually make more money that the south. The north is actually richer than the south. They have the largest agric and mineral potential. Once they realize they are making more money from agric and associated industries as well as mining that they were making from saharinf VAT and oil from the south they will leave the south in peace and we will have true restructuring. The SS will keep their Oil money. The SE will be forced to develop their region. Nobody will care who is president because it won’t make a difference to your life. If they want they can hold the presidency and the military for life, nobody in the south will care!

Quodseverismete:
YES
1. Any states claiming they have the numbers should use that number to generate taxes not population that is a nuisance to the general Nigeria.
2. Hisbah is destroying alcohol in the north, whereas, VAT generated from sales of alcohols in North Central, Southern Nigeria 60% of it goes to those states destroying the alcohol.
3. Oyel money from South is for Nigeria while Gold in the north is for northern politicians bandits.

I agree with your submission absolutely.

Okortor:
Tax reform.!. capital NO!

What are your reasons for rejecting tax reform bills?

sboga:
cant support anything t-pain brings.

No pain, No gain. Reform comes with pain but the end results are advancement, prosperity and great gain.

I only support the anticorruption bill if and when passed.

helinues:
Yes I support

Because the low income earners are well considered in the bill

Pencil and garri are both priorities. Well thought

How many of them are even paying tax before

What % of Nigerians pay income TAX? Less than 3 million people?? LOL.

To a poor man, the bigger problem is the current and ongoing deduction of N50 on all transactions above N10,000 and the various VAT deductions on your purchases.

They sold you some freebies about personal income tax, which more than 85% of Nigerians dont pay anyway, and simultaneously instructed Opay, Moniepoint, etc. to start deducting una N50 on all transactions.

How can you benefit from something that is not your business in the first place? The one wey concern una and the majority of poor folks, una ignore. Wetin concern poor man with small kiosk with personal income tax?

How have you helped him if he still has to pay N50 to CBN on all transactions, multiple N200s to POS agents on top 10k withdrawals, and various undocumented tax to states and local government agberos? We nor get sense walai.

Zico5:
I don't believe Tinubu on this tax reform. Nobody knows his agenda cos all his policies have never affected the masses positively. I'm from South west but I say NO.

Tinubu's policies will pay off later, not now. He's doing all this to right the wrongs that past leaders were scared of, and the purpose is to remove the bottlenecks that is stoping Nigeria from growing economically.

He understands very well that things are hard but we need to suffer momentarily to get to the promised land. It's not easy for him as well, you can see the anger on him but he's ready to take all the bullets to get Nigeria to grow.

When he's through, his policies will lift up this country economically for the coming generation. The man is an economic mathematician and he knows exactly what he's doing. People have been saying this but I didn't believe it until now.

If what Tinubu is doing today had been implemented by other presidents since 1960, we'll have been living in paradise in Nigeria today.

The proposed tax reform in Nigeria has its pros and cons. As the saying goes, "insanity is doing the same thing and expecting different results."

I want the freeloaders to take responsibility. However, the consequences of this reform could be severe.

Some states might instantly go broke and punish their local populations, potentially leading to revolt against the federal government. This wouldn't be the first time they've taken drastic measures, as seen during the GEJ administration. Now, they're poised to mercilessly implement these tax reforms on locals. For instance, if you earn up to ₦3,500 a day (not profit, just sales, which includes okada riders and mama put), they will come after you for 10%.
This feels like "subsidy is gone" all over again.

Have u all read the bill? ... Nigerians so quick to react.

Yes, because it is looking like the end result would be that states start taxing those who don't pay tax to the government ...which is most of their population.

It won't improve the IGR by much because we have too many poor people, but it might reduce the number of states reliant on oil money for survival, and maybe, maybe may make resource control finally a viable option.

fineboynl:
Do you support the tax reform. If yes why?

And if you are against the tax reform why?

Yes

I support the reform because leeches are already crying foul!!

faceland:
The proposed tax reform in Nigeria has its pros and cons. As the saying goes, "insanity is doing the same thing and expecting different results."

I want the freeloaders to take responsibility. However, the consequences of this reform could be severe.

Some states might instantly go broke and punish their local populations, potentially leading to revolt against the federal government. This wouldn't be the first time they've taken drastic measures, as seen during the GEJ administration. Now, they're poised to mercilessly implement these tax reforms on locals. For instance, if you earn up to ₦3,500 a day (not profit, just sales, which includes okada riders and mama put), they will come after you for 10%.
This feels like "subsidy is gone" all over again.

On the other hand, we can continue relying on oil revenue that on a good day can only sustain less than 10 million of us.

Meaning...government keeps on borrowing. (IMF Is already tired of us coming to beg them for more money. They have been saying so in many ways for over 10 years).

It's effing fvcked...but either we start getting our government revenue sorted out...or we end up like Sri Lanka. No money, no thing...then we have to vote in a government that would have to do IMF reforms by force....because no choice.

Yes..

Reduction in tax burden from the current multiple taxations from FGN, State and LGs..

Tax exception for low income earners

Tax exception for low profit making SMEs

Will bring non tax payers to tax net

Will give more tax revenue to the states and allow states compete for socioeconomic development

Quodseverismete:
YES
1M. Any states claiming they have the numbers should use that number to generate taxes not population that is a nuisance to the general Nigeria.
2. Hisbah is destroying alcohol in the north, whereas, VAT generated from sales of alcohols in North Central, Southern Nigeria 60% of it goes to those states destroying the alcohol.
3. Oyel money from South is for Nigeria while Gold in the north is for northern politicians bandits

well said. Cogent argument.

Oil Dey your brain!👏

helinues:
The initiative actually make sense. As long as you increase the tax base, reduction is inevitable because you will still generate more but be convenient for the tax payers

You are right.

aswani:
Your first point is subtle but very important.

The other two pale in significance.

I have learnt more on Nairaland over the past two days than I have ever since the elections.

There are still pockets of nuisance Obidients, bitching about Tax reforms because of election loss, all over the place but thankfully they are becoming easily identifiable.

Anybody who doesn't support the wicked government automatically become obedient according to our happy Slave people.

BigDawsNet:
I’m in full support of the Tax Reform…

If we can consume alcoholic in the south and east+west and the north decides to ban the same alcohol in their region, then I believe they are not entitled to recive any VAT from it…

Also these Reform will help each region to stand on its own… nobody will depend on anyone to survive…

fineboynl:
Do you support the tax reform. If yes why?

And if you are against the tax reform why?

aswani:
Because it rewards hard work and identifies lazyness.

It will also reduce the near absolute dependency on (oyel generated) hand outs from central government.

CodeTemplarr:
I concur.
It should help propel states to see themselves as the next industrial hub from where goods sold all over ecowas and west africa is manufactured.

Quodseverismete:
YES
1M. Any states claiming they have the numbers should use that number to generate taxes not population that is a nuisance to the general Nigeria.
2. Hisbah is destroying alcohol in the north, whereas, VAT generated from sales of alcohols in North Central, Southern Nigeria 60% of it goes to those states destroying the alcohol.
3. Oyel money from South is for Nigeria while Gold in the north is for northern politicians bandits

helinues:
Yes I support

Because the low income earners are well considered in the bill

Pencil and garri are both priorities. Well thought

alanto:
Two reasons. Tbough I earn more than the 800k a year. (Meaning I will continue paying tax) It makes sense that people earning less will not be taxed going forward.

Second reason is. Most of the time when VAT stats are released it feels like Lagos generate most VATs, like other states are not trying to do much, mean while these other states are constitutionally shortchanged for Lagos.

It's a welcome development. It will also give a real insight of activities going on in the states. And the states will be richer.

It's an insult to a place like Imo to be said to have contributed meager N200m in VAT whereas most of the things consumed in the state were unjustly taxed by Lagos, Rivers and Oyo.

The proposed bill is fair. Very fair to all.

I see Ogun earning way more in VAT generation than it's presently doing. Same for other states with population and commercial activities.

The richer you are the more tax you pay. The poor pay absolutely no tax except VAT on purchased item which is not a bad idea.

Paraman:
I'm in support because a lot of Nigerians who earn below #1,000,000 won't be paying tax

I'm in support because it will reduce the numbers of tax small, medium and large companies pay in Nigeria.

Merchantservice:
I support the tax reform because it can help reduce the burden on low-income earners and boost economic growth. If they can remove taxes on essential goods, it will make life easier for those of us who are struggling. This kind of change is what we need to benefit everyone. By the way, I offer shared apartments in Lekki and Lagos Island for those looking to share rent or short let. If you have an extra room to rent out or are searching for space, please contact me. We are also adding shared shops and commercial spaces based on demand. My services are limited to Lekki and surrounding areas.

Yourprick:
It'll make the everybody sit up you won't be using population as excuse to collect more funds, the more revenue you generate the more you'll get everybody go sit up

Emir01:
It is a progressive bill. I support 100%

See Dem, the congregation of Tinubu zombies supporting a tax reform they have zero knowledge about, tell them to explain the tax reform now they cannot but as long as it was Tinubu that presented it even if it was a death sentence to kill them they will supporte it sheepishly.

You all think the Abokis don't already have first hand knowledge that Tinubu want to corner Nigeria's tax to his Alpha Beta company like he is currently doing with Lagos revenue, You mean you are not knowledgeable that Tinubu's company Alpha Beta collects 10% monthly from Lagos State Government for collecting State Revenue on behalf of the state?

Tinubu's greed is insatiable, his greed is as deep as a bottomless pit...thank God that God made death possible and mandatory for every human being on earth, If not someone like Tinubu wouldn't mind bribing death.