₦airaland Forum

Nigeria's problems are physico-spiritual,agberoic and demented minds governing the people in the name of demoncracy

Smh

ivandragon:
The bill should encompass resource derivation distribution.

If states know that they would get 60% of whatever resources are harnessed from the states, the governors will be more interested because the more resources they are able to access, the higher thier revenues. A state like Ondo would supply the whole Nigeria with bitumen and export too. All the gold and other solid minerals that the north keeps allowing to be mined by illegal people would stop because the masses and government would now have a higher stake.

How can you remove vat on unprocessed agricultural produce and gas. How would states with comparative advantage in those areas be interested in investing in it? Or is it all tomatoes that would be turned into paste or all yam into flour?

Also, With a proper derivation formula, there would also be no need to increase VAT to 15%, double what is currently paid. The way the economy is at this time, such an increase would not be okay.

VAT is on consumption not on production. A state producing agricultural produce can always get its VAT revenue from the processed goods sold in e.g. stores. Ondo wouldn't get any vat on bitumen, etc. going by that logic, percentage of the income tax on the bitumen extraction, yes, royalties on the bitumen extraction, yes, but no VAT per se.

VAT is on final goods consumed, not on goods produced. So, the issue would be on "how well does your state consume VATable goods?"

It is remitted by the retailer, and not the manufacturer. Unless this bill stipulates otherwise.

boxypane:
Even most Nigerians do not understand the tax reform bill. The FG is simply saying no more monthly federal allocation, make your money as a state, and give us only 15% of it monthly!!!
By so doing, you will get to understand that the major arm of government that should develop your state is the state Governors...
But the ones in the North dey fear because they are only good at stealing...

You're wrong

Go ahead bro.
You have had enough consultations. Their commissioners and Heads of SIRs will update them.

Olori kolobo ni most of awon governors. They were never prepared to be better governors. They only went there for their pockets.

After all, we, the populace are the ones they are representing. Since we have concurred, who the h.è!! is the father of any governor that would say tax reform shouldn’t hold?

Sets of làzy bûffóns.

What is the Challenge with the Tax Bill .. Because na Oga Wale Tinubu go first feel am , but I trust most Nigeria Executives, they won't collect huge salaries anymore, they will rather collect small salaries and big equity ..and put all their expense on the company.

DatNiggaDaz:
Their cancellation of the meetings has proven that no Governor aside the Governor of Lagos don't trust Tinubu & his Tax reform.

Their is no trust between the State Governors & the FG.

This Tax reform will be difficult to sail through under the emilokan government because the maladministration has trust, competence & integrity issues

Your fixation about Tinubu says, you are going crazy gradually, wen Tinubu continuing reign as ur president, you are having sleepless nights in each night, after 8 years Tinubu would have become ex president, while you, the wailing wailer would remain in the same spot as a hopeless individual.

zero8zero:
A tax that will exempt low income earners is a needless distraction?. ipob sef

Zombies sef
A tax that will increase VAT by 20% is nothing to rejoice about for someone with common sense
Low income earners will still pay VAT on goods and services

Ojuntana:
Zombies sef
A tax that will increase VAT by 20% is nothing to rejoice about for someone with common sense
Low income earners will still pay VAT on goods and services

Illiterate, essential food items are exempted, but VAT on luxury goods increases.

OneOnland:
VAT is on consumption not on production. A state producing agricultural produce can always get its VAT revenue from the processed goods sold in e.g. stores. Ondo wouldn't get any vat on bitumen, etc. going by that logic, percentage of the income tax on the bitumen extraction, yes, royalties on the bitumen extraction, yes, but no VAT per se.

VAT is on final goods consumed, not on goods produced. So, the issue would be on "how well does your state consume VATable goods?"

It is remitted by the retailer, and not the manufacturer. Unless this bill stipulates otherwise.

I believe I was very specific when I said resource derivation which means I am suggesting it extends beyond just VAT.

Please try to understand my own viewpoint.

Ojuntana:
Zombies sef
A tax that will increase VAT by 20% is nothing to rejoice about for someone with common sense
Low income earners will still pay VAT on goods and services

The increase is 100%. From 7.5% to 15%

OfficialP:
The tax laws are really good, but it's not pro-poor as claimed.

thank you as you see it.. For me i speak for average nigeria walking and working hard and they constitute 90% of this bracket.

Tinubu cannot use tax to build economy when production is struggling, when disposable income of the poor class is little to take home, when minimum wage right now is being contested by Labour union and Labour is sayin the 70k passed last year is stoo small.

This is a government that had stated that those who earn 70k per month or 800k per year will be exempted from income tax. Mind you that thos same heartless governement have proposed increase in consumption tax to finish off whats remaining on the table of average nigerians.

so if u earn for example 850k in a year you will be tax at 15%., and dont forget that the remaining disposable income will be feasted by consumption tax and other tax in financial institution.

how the government share tax revenue is debatable but what i am interested in is how this tax affect the average nigerian which constitute 90% of our working population.

Personally I don't blame the state government or anyone that opposed the bill for obvious reasons. To me it's seems the FG and it's agencies still underate the power of social media engagement and it's reach capabilities.

You don't do things like this that may generate controversies in secrecy. You need to make a big deal of publication about it. You need to apply your own sentiments to reach out to social media big guys and the small ones as well. Engage them on the positive lookout of the tax reforms , let them do their own analysis and swallow your own portion of the corrections where necessary.

Most of what Mr ayodele is saying now still sounds as if the government is a wicked one cos majority of the people still don't understand the contents of the tax bill. Give it to people that can help you domesticate it without bias on how it favours all the levels of government.

My question for those opposing this bill is that what is the basis for their rejection? What exactly?

To me the tax reform is a good one and not anti poor masses as they want us to believe. We can't be doing things the same way over and over again and expect different result.

If the states comes up with superior arguments like saying the reforms negates the principle of devolution of more powers we can debate that but coming to give flimsy excuses is a no no

I love president tinubu for this you shown my agent four times and you want me to listening to you it means that you shown me be that

*Tell us how our revenues will go up* bunch of stvpid people called governors

It seems northern elders and politicians know something the president's people dont know.
Interesting to watch

Oga,do whatever it takes. Make Nigeria great again. Change is constant, we can't be doing things same & be expecting different result.

Taiwo Oyedele’s commitment to addressing Nigeria’s tax reform challenges highlights a proactive approach to inclusive policy-making. Despite repeated setbacks in meeting with governors, the committee’s extensive consultations with over 40 sectors, religious leaders, and private institutions demonstrate a determination to gather diverse perspectives. Such efforts are vital for setting Nigeria on a path toward economic growth and stability.

nairavsdollars:
If this tax thing favour northerners, they won't be crying about it. Bloody hypocrites

...... To hell with you and your mami...... Useless species

CorperKola:
It seems northern elders and politicians know something the president's people dont know.
Interesting to watch

Forget that assumption!
Many of the Northerners,called Political elites,have not even read and understand the Tax/ Vat matters but hear from Others- who just wants to oppose because it's linked to Tinubu.Most Governors,Past Ministers,in the North - are not ready because of the Fear that Northerners should just be,as they don't believed Change can come to them,but you wander how they are ready to Collect Humongous Palliatives, without Accountabilities and Transparency-!

Paraman:
You're wrong

Pls enlighten me sir

ivandragon:
I believe I was very specific when I said resource derivation which means I am suggesting it extends beyond just VAT.

Please try to understand my own viewpoint.

Lol. I was but trying to change the misconception that you may have on VAT in order for you to properly position your suggestion.

The part specific on "agricultural produce is what some states produce and no incentive, etc. cause they are non-VATable". Then I told you that on VAT (besides your resource derivation suggestion), it is remitted/paid based on who sells to final consumer not manufacturer in the first place. So, even if agricultural produce were VATable, still no inherent benefits to the agricultural producing states that you mentioned. And at that, you shouldn't include the misconception in your suggestion.

And on your viewpoint, including resource derivation. Cool! But wouldn't that be more controversial? The North doesn't want South-South's oil tax revenue to stop flowing to them, but Zamfara state's gold for example belongs to them alone. That'd be like "war on North". Perhaps the FG is taking baby steps starting with vat, or perhaps not. Nonetheless, your suggestion is sound!

DatNiggaDaz:
Their cancellation of the meetings has proven that no Governor aside the Governor of Lagos don't trust Tinubu & his Tax reform.

Their is no trust between the State Governors & the FG.

This Tax reform will be difficult to sail through under the emilokan government because the maladministration has trust, competence & integrity issues

Arrant nonsense

Artscollection:
I won't blame anyone that is finding it difficult to trust fg and their new tax regime, those guys have proven time after time that they care about the ordinary citizens they only care about the fund they are going to loot.

State governors are more trustworthy to you?

zero8zero:
Illiterate, essential food items are exempted, but VAT on luxury goods increases.

Intellectual dwarf. I guess toothpaste, seasoning and detergent are luxury goods and thus exempted from VAT
Where did you learn to read and write this level of nonsense

Ojuntana:
Intellectual dwarf. I guess toothpaste, seasoning and detergent are luxury goods and thus exempted from VAT
Where did you learn to read and write this level of nonsense

If you don't know the meaning of foods $ essential items, then your parents needs a refund of your school fees.

OneOnland:
Lol. I was but trying to change the misconception that you may have on VAT in order for you to properly position your suggestion.

The part specific on "agricultural produce is what some states produce and no incentive, etc. cause they are non-VATable". Then I told you that on VAT (besides your resource derivation suggestion), it is remitted/paid based on who sells to final consumer not manufacturer in the first place. So, even if agricultural produce were VATable, still no inherent benefits to the agricultural producing states that you mentioned. And at that, you shouldn't include the misconception in your suggestion.

And on your viewpoint, including resource derivation. Cool! But wouldn't that be more controversial? The North doesn't want South-South's oil tax revenue to stop flowing to them, but Zamfara state's gold for example belongs to them alone. That'd be like "war on North". Perhaps the FG is taking baby steps starting with vat, or perhaps not. Nonetheless, your suggestion is sound!

I am yet to see, or maybe understand, exactly what point you are trying to pass across because you have not pointed out any contradiction in my initial comment.

If agricultural produce was not somehow a vital aspect of the VAT reform, then why is the bill specific on exemption of some agricultural related products?

https://www.thisdaylive.com/index.php/2024/10/29/proposed-tax-regulation-exempts-oil-and-gas-exports-agriculture-military-hardware-others-from-vat/?amp#:~:text=These%20included%20basic%20food%20items,and%20agricultural%20seeds%20and%20seedlings.

In my opinion, we are still on the same page, so I don't get the misconception you want to clear up. You probably made inferences based on your own understanding, but it's ok.

ivandragon:
The increase is 100%. From 7.5% to 15%

Within a span of 5 years gradually

arsenal33:
Buba Galadima always talks nonsense.

Just to discredit the government and not necessarily bcoz he loves North.

GeneralPula:
Oyedele also revealed that the Governors’ Forum invited the committee to meet with them four times, but on each occasion, the meetings were cancelled.

The matter hook them for throats. The reform is a good one but lazy governor’s with zero doings would be affected. That’s why they’re scared!

You recharge Mtn card in Kano and you pay taxes to Kano state government, instead of Lagos..

You recharge Mtn card in kaduna and pay your taxes to Kaduna state government, instead of Lagos..

Why should that be a problem? Lagos that’s suppose to be against it is not even against it..

From what I’ve observed about the reform, I think it has some tone of regionalism & it has a liberty to pave way for more bills to move Nigeria back to regionalism... This is the main reason the northern side are more scared... Dogara said it in one interview that the reform will open the eyes of lazy governors..

SS stakeholders already support the bill cuz it will pay then at the long run, as they can easily push up more bills that can let them have more dominance over their oil derivation..

Drinking alcohol in the south and sharing the taxes with the north where alcohol is haram is barbaric to me.... I really wonder who proposed the bill that way initially! It was a stupid bill for real! This coming reform is a nice game changer !

You fools dont support there every nonsense will the north even have a say ? But because of almajari polictics you support them to have their way even if its wrong, why are you complaining now? This is same sets of bastards that were licking buhari's anus while the did the most atrocious things in this country. even when a well orchestrated attacks by the government sponsored armed men were happening this sets of bastards were still singing his praise. Spit

zero8zero:
If you don't know the meaning of foods $ essential items, then your parents needs a refund of your school fees.

Shut up
Bloody ignoramus
Define essential items and show me where it is exempted
I'm sure you don't know that food has always been exempted from VAT in Nigeria
I'm sure ignoramus like you think it's just starting now with the present obnoxious tax bill
Bloody doofus