₦airaland Forum

MrCGPA:
With Akpabio at the Head in Senate, every Bill is freely passed. Tinubu is such a Lucky President. Bukola Saraki didn't allow Buhari to do must of his wishes.

If it is Bukola that is heading this Senate, we would have brought out videos of when he did human sacrifice, we will use that to pocket him forever. Tinubu is not Buhari. Tinubu is the master of the game, the god of Politics

JASONjnr:
The Bauchi governor who made the threat should be carefully warned.


The Northern governors who kicked against this bill should go back and work on their blueprint and map out ways to improve their governance rather than expecting too much assistance from the FG and VATs from other states.

Why yo dey advise them, leave them nah. Na hunger go kee all parasites

Should I say that these northern governors will at the end make a big fool of themselves? Well, it's obvious there's difference in the northern education and southern education. The explanations given by the tax experts with vivid comparison between the current tax system and the proposed tax system are clear and understandable enough for primary 4 pupils in the public schools. The governors shouldn't show to the world that they are cows in all circumstances.

In as much as I am an ardent supporter of Tinubu I have my reservations regarding this tax reform.

Looking like robbing Paul to pay Peter but still staining a noose around Peter to take back from him.

MrCGPA:
With Akpabio at the Head in Senate, every Bill is freely passed. Tinubu is such a Lucky President. Bukola Saraki didn't allow Buhari to do must of his wishes.

Buhari think say he smart ni , fire come burn him fingers

Fearyourcreator:
Buhari think say he smart ni , fire come burn him fingers

Buhari is better than Tinubu. Your hatred for Buhari hold no water

just2endowed:
In Kenya if your salary is less than 300k per month, or 3.6m per annum, you will be exempted from paying personal income tax.
What tinubu and den of 40 thieves are proposing is that it's only minimum wage that earn less than 70k per month will be exempted from personal income tax

It now means that if someone salary is 80k.15% of 80k is 15k, and the person take home will now be 65k. You cN see the kind of heartless rulers we have and they are Indifferent to the economic struggle average Nigerians are facing.
Worst part about this tax bill is that they didn't calculate the inflationary effect on the disposable income of Nigerianz

Worst part is that we still have consumption tax, that the 65k disposable income earner will have to pay indirectly.

My recommendation is for the PIT should be review and set a better standard of living wage tHt will be exempted. 800k is too poor and this govt should stop looking at Nigeria as a pest.

Oloshi go Europe or America no pay na , oloriburuku people , free things don wipe una brain and una sabi point fingers oloshi eyan

just2endowed:
Thank you. People are not looking deep into this matter. They can't see what we are seeing.
Forget about party lines, tinubu is here to take away what does not belong to him. It's criminal.

If its not sitting well with you leave Nigeria if you get call your wealthy folks in Diaspora as per money na water to them , make them dash you make you sef go dey pack free money paying zero tax.. enikure

helinues:
There are reductions in tax for the big corporations as well.

You lots have just been arguing blindly about this bill without having details about it.

Individual, business owners, corporate, there is going to be reduction in their overall taxing

The bill aims is to increase the tax base while reducing the taxation. That will still bring increase in tax collection

Most of them no dey and comprehend but are fast to call others literate. They are empty heads and hateful souls

Ofemannnu:
lol
Illiteracy is a disease.
You read or they read it to you but you still couldn't understand.

The tax bill is pro poor because if you earn less than 1,2m in a year,you are not paying tax,unlike now when even if you make 300 thousand in a year, you will pay 7% tax.
That is wickedness and it inhibits growth of the individual. SMEs are exempted firm paying tax etc .

You must be one of those smugglers and their cohorts trying to fight the tax bill

For your information,the tax bill will be passed and it will bring a lot of growth and positivities to Nigerians and Nigeria.

LOL who told you if you earn 1.2m naira you be exempted. Oga it's from 70k per month yiu will be exempted and consumption tax is hanging to feast on the rest. Standard of living but be set or less than 800k annually. Quote any where where it's stated it's 1.2m per annum before tax can be set for exemption.

Villa12:
Buhari is better than Tinubu. Your hatred for Buhari hold no water

Me hate Buhari, Sebi you sabi waste your time check my activities. I like Buhari oya go search my post about am , alainise omo kekere .. age you are supposed to be build you are trolling all over nairaland. Aiye e tita

But mind u, it's every Nigerian that will pay it abi? Then it's fine by us.

Ojuntana:
The tax bill is a needless distraction

A lot of ignoramus are forming woke with bills that they don't even understand because they think it only hurts the "parasitic" North.

Unfortunately for most of this woke but unintelligent southerners, VAT compliance is low in the north which accounts for why there's low VAT returns.

In other words, southerners will see a further shrink in their income with the increase in VAT by 20% to 12.5% from 7.5%.

Thus, when you buy something of N5000, instead of the present N375 VAT which makes the total cost N5,375, you will pay N625 VAT which makes the total cost of your purchase go up from N5,375 to N5,625.

If you paid via transfer, you will pay extra 5% VAT on the amount transferred and a another N50 for electronic levy recently introduced which will make your total cost N5,675 instead of the initial N5,000.

Now imagine having to pay N675 extra any time you spend N5,000. That's what the VAT aspect of the bill does to the average Nigerian.

Omozeez1:
But mind u, it's every Nigerian that will pay it abi? Then it's fine by us.

In your dreams
Go to Daura or Sambisa and collect VAT

Tinubu should go ahead and do whatever he feels that is right for the country, because of his government fails, he will be blamed. Nobody will remember all these oppositions to his policies.

Ofemannnu:
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The rush is to alleviate sufferness of the poor.They will no more pay tax No tax on agric p[sup][/sup]roducts and a lot of food products etc

No wonder north is opposing the bill. No tax on food, when the north produce a lot of food. Which means lower vat proceeds for them

Fearyourcreator:
Me hate Buhari, Sebi you sabi waste your time check my activities. I like Buhari oya go search my post about am , alainise omo kekere .. age you are supposed to be build you are trolling all over nairaland. Aiye e tita

Your hatred for Buhari and OBJ will never stop them from being better than Tinubu a known drug baron

Fearyourcreator:
Most of them no dey and comprehend but are fast to call others literate. They are empty heads and hateful souls

Your hatred for OBJ will not make you have a happy home

Fearyourcreator:
If its not sitting well with you leave Nigeria if you get call your wealthy folks in Diaspora as per money na water to them , make them dash you make you sef go dey pack free money paying zero tax.. enikure

hateful soul.

opeldavid:
Why so much rush & haste in passing this bill? I am suspecting something. I know that if it were for the good and benefit of the masses it won't take this same speed and rush. For instance, the minimum wage bill was delayed before passage. Another example will be electoral reform that must include compulsory transmission of results in real time not that manual rubbish! But they ll not give it the needed speed and attention just because it ll not favour them.
Very selfish set of people.

Why won't they rush the bill? Once the bill is passed, Nigerians won't pay VAT on food, education, health etc

Nigerians earning less than 1.2m per year are presently paying tax,once the bill is passed, Nigerians earning less than 1.2m will not pay tax. If you're a tax payer, what you will be paying will after the bill is passed will be reduced compared to what you're presently paying.

A lot of SMEs earning #25m or less are presently paying tax, once the bill is passed, SMEs earning less than #50m per year won't pay any tax.

The tax bracket will be enlarged and tax payers will pay less. The FG, States and LG will alao get more money.

Fearyourcreator:
Oloshi go Europe or America no pay na , oloriburuku people , free things don wipe una brain and una sabi point fingers oloshi eyan

Evil stipend collector

Looking4Trouble:
Dem never know. These Parasites from the desert do not know whom they are playing the Political Chess with. They are playing with the god of Politics.

Even if no human nor spirit supports the Bills, we will pass them. As a Muslim, it is Haram to use VAT from Beer to sponsor Almajaris to Mecca for pilgrimage and also marry multiple wives for them. Let Northerners go and get Islamic approved money to marry many wives and go to Mecca

The northern states practicing sharia will still be getting VAT from beer, just that what they get from it will reduce.

Ojuntana:
The big corporations that will pay 25% will still push the cost down to the consumers. You think they'll pay the 25% from their own revenue? When has that ever happened? All the naira devaluation and subsidy removal, who has been bearing the brunt in the name of price increase? Is it not still the same dude earning 1.2m?

This has been my question and fear.
When the poor are excepted, from where are the rich making their money or going to pay tax from?

nedu666:
No wonder north is opposing the bill. No tax on food, when the north produce a lot of food. Which means lower vat proceeds for them

lol
It means that anybody in the North,South or wherever will not have to pay tax on their agric produce.
If you sell for 10 billion naira, you are the owner of your 10 billion naira without you paying tax.
It gives farmers lot and lot of space to make good,cool money which in turn makes them grow more and also makes farm produce cheaper.

Ofemannnu:
lol
It means that anybody in the North,South or wherever will not have to pay tax on their agric produce.
If you sell for 10 billion naira, you are the owner of your 10 billion naira without you paying tax.
It gives farmers lot and lot of space to make good,cool money which in turn makes them grow more and also makes farm produce cheaper.

Tax not the same as VAT.

Lies everywhere it is after we agree with this so called tax reforms then u will see bag of rice reaching 200k and still be told things are getting better

And worse still you will hear someone in the govt stealing the tax income generated into billions and released on bail after two days of captivity

just2endowed:
Thank you. People are not looking deep into this matter. They can't see what we are seeing.
Forget about party lines, tinubu is here to take away what does not belong to him. It's criminal.

Villa12:
Evil stipend collector

Obi didn't collect tax or increase taxes as Governor, right?

zero8zero:
Obi didn't collect tax or increase taxes as Governor, right?

Tinubu is the only person that wants to tax the living daylight out of the masses despite the hardship he brought upon the masses. Did he want to kill the masses.

The bloody parasites from the North are only opposing the TRB because it would remove their suckers, proboscis and haustellum from the livestream of nourishment.
Revenue generated from VAT on alcohol production in the South should not allocated to alcoholic drinks destroying states of the North.
This TRB should ensure that parasitic states don't feed off other states.

Villa12:
Tinubu is the only person that wants to tax the living daylight out of the masses despite the hardship he brought upon the masses. Did he want to kill the masses.

If you asked this illiterate, he hasn't read the bill or aware of the content but parroting dogshit based on hate & bitterness.

This was your fraud increasing taxes as Governor and poor traders in Anambra protesting.


https://www.youtube.com/watch?v=YvfmMEebo7Y

zero8zero:
If you asked this illiterate, he hasn't read the bill or aware of the content but parroting dogshit based on hate & bitterness.

This was your fraud increasing taxes as Governor and poor traders in Anambra protesting.


https://www.youtube.com/watch?v=YvfmMEebo7Y

Is Obi the president? Is the hardship in Anambra then compare to the hardship now?

Ojuntana:
The tax bill is a needless distraction

A lot of ignoramus are forming woke with bills that they don't even understand because they think it only hurts the "parasitic" North.

Unfortunately for most of this woke but unintelligent southerners, VAT compliance is low in the north which accounts for why there's low VAT returns.

In other words, southerners will see a further shrink in their income with the increase in VAT by 20% to 12.5% from 7.5%.

Thus, when you buy something of N5000, instead of the present N375 VAT which makes the total cost N5,375, you will pay N625 VAT which makes the total cost of your purchase go up from N5,375 to N5,625.

If you paid via transfer, you will pay extra 5% VAT on the amount transferred and a another N50 for electronic levy recently introduced which will make your total cost N5,675 instead of the initial N5,000.

Now imagine having to pay N675 extra any time you spend N5,000. That's what the VAT aspect of the bill does to the average Nigerian.

Would you mind stating the portion of the reform bill that explains better on this VAT that you mentioned above?