₦airaland Forum

horlando30:
It is a misconception that Nigeria is rich. We are very poor nation, I would say wretched. The gulf country you compared us with have very tiny population and make more dollars than us. Nigeria with a population of 200 million makes less than $40B every year while Saudi with 30 million people makes about $400B annually.

Nigeria simply has too much mouth to feed with little money. For us to be nearly as comfortable as gulf nations, we need to make atleast $500B anually for our population size

Buccalcavity2:
Ok. Let me go into a bit more details. The summary of all biz plus wages is in revenue. The moment someone can track inflows to your account, he can tell your turnover and you can be taxed on that. Now there is room for adjustment, which is why you are to file for taxes every year to explain that there are associated expenses with that revenue or this part of the revenue is just a transfer not revenue (e.g gift). Now there is going to be another department that probes your filing if it is true or not. These processes are suported by laws compelling all banks and companies to submit thier transactions for every individual yearly. And of course there are peolple that bypass these all over the world, hence there are laws that make you pay more than you planned to save (while trying to evade).

lawani:
A country with the population of Osun but with the revenue of Nigeria is not a good example and even at that Libya was not a country that was leading in any thing. It was not a giant in anything and it was not an immigrant worker destination. There is more to life than the government providing everything for you. Then the oil revenue in Libya should be up to half of the GDP

ZombieDredd:
Oya compare to US with our population.

Stop jumping around the place

lawani:
Before a country can work very well, half of the GDP must be taken as taxes

ZombieDredd:
Ontop that, nepaa go still dey accumulate the bill for your darkness oo.

You must pay all when transformer restore after 3 months

Tuaaahhh

planetx:
You can keep your UK, I will rather stay in my village in Ondo state eating pounded yam and drinking fresh palmwine than to stay in that nonsense UK.

CorrectionFLuid:
Not true

SeeWahala:
You've started now

How much is our minimum wage compared to the UK that you want us to be taxed exactly like they are?

CorrectionFLuid:
There are topics you just have to ignore the nairalanda1 character.

horlando30:
It is a misconception that Nigeria is rich. We are very poor nation, I would say wretched. The gulf country you compared us with have very tiny population and make more dollars than us. Nigeria with a population of 200 million makes less than $40B every year while Saudi with 30 million people makes about $400B annually.

Nigeria simply has too much mouth to feed with little money. For us to be nearly as comfortable as gulf nations, we need to make atleast $500B anually for our population size

sulaak:
Nigeria's resources were mismanaged from the 1960s. A country where the majority of the revenues and taxes come from less than four states is a fundamental injustice.

52% of Nigerian VAT goes to the North, which contributes nothing to the economy, yet is the first to want to be in government.

SeeWahala:
But why is it soo hard for me to ignore that entity and the way it rubs in the brazen corruption and embezzlement into our faces

RollinTNDA:
You are enjoying a system in UK

Ask yourself
What sacrifice did the fore fathers of UK fought. The countless wars they fought, the blood they shed fighting against evil kings. ...

And removing evil kings inorder for their young future generation to have good society.
These same white people suffered bad government with corruption and injustice.

Instead of them to Japa.
They stood together and fought and changed their country for good.

Now you Japa your own country to go and chill in another man country. To enjoy the fruits of their ancestors blood and sweat.

There Ancestors are smiling from the grave seeing their sacrifice didn't go in vain for their future generations.

While Nigeria keeps rotting away
Who will save Nigeria??

CorrectionFLuid:
There are topics you just have to ignore the nairalanda1 character.

anonimi:
How do we cut down the size of government when we are using tribalism to do rotation and zoning so that we can share the national cake without marginalising any tribe or region?

Is that not the main reason why we are not progressing like Britain ?

CSTRR:
Everybody in Nigeria pays taxes one way or the other, as long as you buy goods and services.

If you don't know this yet, then you shouldn't be taken seriously.

Buccalcavity2:
It is back to election loss again! This is not about BAT. To me the major evidence of a working govt is your ability to derive revenue from your gdp, then distribute wealth and boost the gdp again for greater revenue! I have been consistent on this since OBJ tenure! Show me a governor that didnt increase revenue, I'll show you a governor who is a spectator to his states economy coz you cant fake income!
I absolutely agree that conversations about spending, graft, and effective wealth distribution should continue (as it is allover the world)... but dont mix it up!
Get over the loss of your candidate at the poll and face governance. Its about Nigeria!

Mindlog:
In simple words, how can more Nigerians be motivated to pay tax?

BlackViper:
As seen on X



https://x.com/Row_Haastrup/status/1969640300927992214?t=Qsel4yBNlOdUSgYzUOOJIg&s=19[/quote]They contribute to repair transformer.
Him own better,where as in ogun state we buy transformers for our street and still contribute to grade the road

Baxilexi:
The government has lost public trust hence why this new tax law will cause more chaos than praise.

They’ve mismanaged the countries resources, removed all forms of succor and now still wish to pauperize struggling Nigerians.

I would advise that the tax law be suspended till Nigerians can see practical use of our commonwealth, not cars, houses and largesse.

Also, they need to reorganize the tax categories. A Nigerian earning 3 million NGN per annum is poor. That’s less than $2000 USD.
Put rent, energy, transportation, fees, healthcare, feeding, personal needs and utilities into the equation and there’s no way the FIRS Boss can justify the taxation.

ednut1:
the average income in uk is about 33k a year. Which falls into that 25% bracket

nairalanda1:
Thanks for misunderstanding me

God bless you. I know i won't retailiate

lawani:
I don't support the sales tax on petrol. It is the states that should buckle up on income tax. Then minimum wage should be high enough to bear tax and it should be enforced on all employers. The money should be used for free healthcare education and etc. If a country will move forward half of the GDP must be taken as taxes. No income should be tax free. How do you help the common people if they don't pay tax?

delkuf:
how is this government helping us. Didn't you read. The country that this guy is, he is paying 25 percent of his salary for tax and the govt is paying his children school fees and still pay the children. Free healthcare. Free rent.


But here you want us to pay more for tax with nothing the govt is doing for us.

Basicend:
You have said just exactly what the situation will be. The monies will be milked from the hands of the poor and legitimately struggling ones and diverted to the over-fed politicians to squander away as usual.

You better fight for yourselves.