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What Some States Contributed To The VAT Pool And What They Received - Nov 2024 - Politics (7) - Nairaland

Nairaland ForumNairaland GeneralPoliticsWhat Some States Contributed To The VAT Pool And What They Received - Nov 2024 (34252 Views)

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Re: What Some States Contributed To The VAT Pool And What They Received - Nov 2024 by chatinent: 3:38am On Dec 20, 2024
You see those states you feel are useless because of the low figures, they aren't useless but heavily looted.
Re: What Some States Contributed To The VAT Pool And What They Received - Nov 2024 by Urgent1Million: 4:04am On Dec 20, 2024
FearlessYoruba:
All other states are robbing Lagos and Rivers state
aswani:
Absolutely, and some are robbing much more than others. Tax Reform now!
Not necessarily.
A lot of the VAT accruing to Lagos is not supposed to be paid to Lagos.
VAT is a consumption tax and should accrue to locations where goods and services are consumed.
Lagos collects VAT for consumptions in almost all other states for products and services whose headquarters are located in Lagos which inflates the figures you see on that report.
That's one of the things the new tax reform bills aim to correct.
Re: What Some States Contributed To The VAT Pool And What They Received - Nov 2024 by Coolgent(m): 6:22am On Dec 20, 2024
This post is sponsored by?
Re: What Some States Contributed To The VAT Pool And What They Received - Nov 2024 by Abasalim1: 6:50am On Dec 20, 2024
Maxymilliano:
https://www.facebook.com/share/1EuNbqkHAY/
Do the industries sell their products in the producing states? It's sellout to other states so those states are not the sole generators of the revenue, vat is paid by consumers therefore it should be shared according to population not where the company/industry is located
Re: What Some States Contributed To The VAT Pool And What They Received - Nov 2024 by FearlessYoruba: 7:01am On Dec 20, 2024
babajero:
East is the China and America of Nigeria combined. No matter the political sabotage the East will forever triumph.
With this bah?


https://www.nairaland.com/8296768/fake-expired-products-destroyed-cemetery#133360428

Re: What Some States Contributed To The VAT Pool And What They Received - Nov 2024 by vanbonattel: 7:13am On Dec 20, 2024
FearlessYoruba:
Lagos want you people to piss off already
Until the separation. If not, we are in our country.
Re: What Some States Contributed To The VAT Pool And What They Received - Nov 2024 by vanbonattel: 7:15am On Dec 20, 2024
FearlessYoruba:
With this bah?


https://www.nairaland.com/8296768/fake-expired-products-destroyed-cemetery#133360428
Show us anything produced in Osun apart from skullarships grin
Re: What Some States Contributed To The VAT Pool And What They Received - Nov 2024 by prophetfire: 7:15am On Dec 20, 2024
FearlessYoruba:
That's why Lagos landlord want to change the status quo, don't you think every other state should support the bills?
The bill deserves support but some lazy states and their government don't want it.
Re: What Some States Contributed To The VAT Pool And What They Received - Nov 2024 by FearlessYoruba: 7:17am On Dec 20, 2024
vanbonattel:
Show us anything produced in Osun apart from skullarships grin
I've shown you what Aba ploduce nahgrin
Re: What Some States Contributed To The VAT Pool And What They Received - Nov 2024 by FearlessYoruba: 7:18am On Dec 20, 2024
vanbonattel:
Until the separation. If not, we are in our country.
Then stop telling me that Lagos will be blah blah blah without Osu
Re: What Some States Contributed To The VAT Pool And What They Received - Nov 2024 by FearlessYoruba: 7:18am On Dec 20, 2024
prophetfire:
The bill deserves support but some lazy states and their government don't want it.
I swear
Re: What Some States Contributed To The VAT Pool And What They Received - Nov 2024 by vanbonattel: 7:20am On Dec 20, 2024
FearlessYoruba:
Then stop telling me that Lagos will be blah blah blah without Osu
We are in our country. Full stop.

If you're not happy, go to your own country grin
Re: What Some States Contributed To The VAT Pool And What They Received - Nov 2024 by vanbonattel: 7:21am On Dec 20, 2024
FearlessYoruba:
I've shown you what Aba ploduce nahgrin
They produce and export plenty. Stop hating because your people produce nothing. Go and produce something.
Re: What Some States Contributed To The VAT Pool And What They Received - Nov 2024 by Jungleluv5: 7:42am On Dec 20, 2024
Please let's there be tax reform now
Re: What Some States Contributed To The VAT Pool And What They Received - Nov 2024 by aswani(m): 8:23am On Dec 20, 2024
Urgent1Million:
Not necessarily.
A lot of the VAT accruing to Lagos is not supposed to be paid to Lagos.
VAT is a consumption tax and should accrue to locations where goods and services are consumed.
Lagos collects VAT for consumptions in almost all other states for products and services whose headquarters are located in Lagos which inflates the figures you see on that report.
That's one of the things the new tax reform bills aim to correct.
I don't believe this is true about VAT being currently paid where the headquarters are located.

I have a feeling someone falsely claimed it is and that person has caused the confusion with people believing them.

Some states are still collecting too much just for existing, and they are feeding off those that are doing a lot to attract business and people.
Re: What Some States Contributed To The VAT Pool And What They Received - Nov 2024 by EnglandAmaka(f): 8:25am On Dec 20, 2024
Maxymilliano:
https://www.facebook.com/share/1EuNbqkHAY/
Remove MTN's monthly 200bn VAT to Lagos, then you will see Lagos only contributed 42bn.

Only Lagos residents dey use MTN?
Re: What Some States Contributed To The VAT Pool And What They Received - Nov 2024 by BrutusOj(m): 8:38am On Dec 20, 2024
This got to show that the north isn't parasitic as portrayed by the south. Why were they the loudest voices against the Tax bill if they can generate this when the bill hasn't been implemented yet? Kano, Kaduna and co will definitely give Lagos/Rivers a run when the bill comes to stay.
Re: What Some States Contributed To The VAT Pool And What They Received - Nov 2024 by aswani(m): 9:08am On Dec 20, 2024
EnglandAmaka:
Remove MTN's monthly 200bn VAT to Lagos, then you will see Lagos only contributed 42bn.

Only Lagos residents dey use MTN?
The point is too many state gorvenors are settling for central allocation and this Tax Reform Bill will ensure they get less and work hard if they want more.
Re: What Some States Contributed To The VAT Pool And What They Received - Nov 2024 by babajero(m): 9:43am On Dec 20, 2024
FearlessYoruba:
With this bah?


https://www.nairaland.com/8296768/fake-expired-products-destroyed-cemetery#133360428
have you and your people forgotten when you were shouting made in China up and down, what about today with the help of their government look at what China has turned out to be, you and your people are now running to China for every product.

Without Nigeria as a country the East would be the Greatest country in Africa where you and your people will be clamouring for visa to come to.
Re: What Some States Contributed To The VAT Pool And What They Received - Nov 2024 by urchmanx(m): 9:44am On Dec 20, 2024
kaltonga:
With this tax bill and the result am seeing so far, I support the President fully on this.. Some will want to argue that is all about Lagos but it's not so
If my state Imo, will generate this poor and other states, especially in the south, then it goes to show how lazy and unproductive our governors are and with this bill all of them must sit up.. Any idiot that is against this bill is an enemny of the masses and should be stoned.
You can't tell me with all the SMEs in Aba and even in Anambara they are generating this poor volume in Vat that goes to show it's easy they are been lazy to collect the VAT or they are simply under declaring the actual amount based on the feeding bottle system.

So, President Tinubu must be encouraged to make this bill a reality, let we citizens at least for once start holding our governors to account not all the time FG.. Rubbish!
My problem is the headquarters rule. Vat should be collected at point of sale not at the headquarters. That means that one state will be at advantage. More over the refund as done in developed country goes back to companies not state. A lot of things are wrong with our system.
Re: What Some States Contributed To The VAT Pool And What They Received - Nov 2024 by jattopeter(m): 9:49am On Dec 20, 2024
Thats not fair , Imagine . Almost all the states
FearlessYoruba:
All other states are robbing Lagos and Rivers state
Re: What Some States Contributed To The VAT Pool And What They Received - Nov 2024 by Abaki5: 10:29am On Dec 20, 2024
Fake sats
Re: What Some States Contributed To The VAT Pool And What They Received - Nov 2024 by FearlessYoruba: 10:37am On Dec 20, 2024
jattopeter:
Thats not fair , Imagine . Almost all the states
I swear
Re: What Some States Contributed To The VAT Pool And What They Received - Nov 2024 by FearlessYoruba: 10:37am On Dec 20, 2024
babajero:
have you and your people forgotten when you were shouting made in China up and down, what about today with the help of their government look at what China has turned out to be, you and your people are now running to China for every product.

Without Nigeria as a country the East would be the Greatest country in Africa where you and your people will be clamouring for visa to come to.
Is that's why you want to kill Nigerian with fake drinks?
Re: What Some States Contributed To The VAT Pool And What They Received - Nov 2024 by FearlessYoruba: 10:38am On Dec 20, 2024
vanbonattel:
They produce and export plenty. Stop hating because your people produce nothing. Go and produce something.
They produce and export death grin
Re: What Some States Contributed To The VAT Pool And What They Received - Nov 2024 by FearlessYoruba: 10:39am On Dec 20, 2024
vanbonattel:
We are in our country. Full stop.

If you're not happy, go to your own country grin
You people were the one saying lagos will be this and that if and when Osu leave,do you (Osu) want to leave or not?take a stand and stop ranting.
Re: What Some States Contributed To The VAT Pool And What They Received - Nov 2024 by vanbonattel: 11:17am On Dec 20, 2024
FearlessYoruba:
You people were the one saying lagos will be this and that if and when Osun leave,do you (Osun) want to leave or not?take a stand and stop ranting.
Osun people sef. They should be stopped from trooping to Lagos. They are always claiming Lagos, and Iragbiji man has ruled Lagos an no awori man is allowed to come near.
Re: What Some States Contributed To The VAT Pool And What They Received - Nov 2024 by FearlessYoruba: 11:31am On Dec 20, 2024
vanbonattel:
Osun people sef. They should be stopped from trooping to Lagos. They are always claiming Lagos, and Iragbiji man has ruled Lagos an no awori man is allowed to come near.
What's this Osu ranting about?
Re: What Some States Contributed To The VAT Pool And What They Received - Nov 2024 by harmargedon: 12:12pm On Dec 20, 2024
aswani:
Absolutely, and some are robbing much more than others. Tax Reform now!
see Ogun State that has lots of industries
Re: What Some States Contributed To The VAT Pool And What They Received - Nov 2024 by vanbonattel: 12:14pm On Dec 20, 2024
FearlessYoruba:
What's this Osun ranting about?
Am not from Osun state, be warned.
Re: What Some States Contributed To The VAT Pool And What They Received - Nov 2024 by bellosulaiman(m): 1:13pm On Dec 20, 2024
Gboom:
Read the reform very well before displaying ignorance here
I am a Senior Tax Manager, an Accountant and a Financial Reporter. I can see your IQ is so low that you can’t even see beyond what you copied and pasted.
In saner climes like UK for example, there is re-distribution of income. The government pays her citizens in form of benefits aside the fact they work and earn. That is why they leave their jobs, go on vacation and come back or find somewhere else to work. They also receive benefits if they are not working while they file application at job centers.
In a nutshell, the taxes paid by high income earners are the money distributed to other low income earners in from of benefits.
In Australia, the Government will break your taxes down for you and tell what they spent the money on.

Are they not human beings in those countries ? You stupidly can not allow you to reason. Idiot!
Re: What Some States Contributed To The VAT Pool And What They Received - Nov 2024 by zoedew: 2:19pm On Dec 20, 2024
The Jury is out! Now we know the States feeding fat on other States.
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