₦airaland Forum

humberjade:
That's the way it should be. We all cry "saner climes, saner climes"...that's the way things are done in saner climes. What is left is for the government to use this generated revenues judiciously.

🤣🤣
Like they have been using it in the past, right? What baffling most is how Nigeria leaders and some citizens like you believe that Nigeria's problem is the lack of revenues or insufficient money when our biggest culprit is corruption.
Have you noticed that all the thieves and looters being mentioned now are not stealing in millions anymore but in billions?

seunmsg:
You’re capping nonsense. Is VAT a new tax? If she had made the same purchases last year, would she not have paid the exact same amount as VAT? So, why will any manufacturer increase price in January over a VAT law that has been in effect since the 90’s?

Again, are you aware that with effect from 1st of January, 2026, Company Income Tax has reduced from 30% to 25%? So, will manufacturers whose CIT has been reduced force any price increment on their customers? Does that make any sense? Are you even aware that companies with an annual turnover of < 100m are now fully exempt from CIT? So, why will such companies push any increment to customers?

Do little research now before disgracing yourself here. This type of VAT didn't exist before, it is new.
Even commonsense would have told you this charge is new to her, and that's why she voiced out.

GloriousGbola:
they really need to start regulating SM or go the china way and ensure people who run their mouths on social media actually have the competence to do so

7.5% vat has been a thing for over 5 years now, when they increased from 5%

this silly attention seeking clown is shouting the sky is blue

When was the first or last time you paid VAT of this nature? VAT existed in the past but this version is new.

olayinka63:
H
It's like you are the ignorant here. Vat has always been 7.5% for more than 5 years now

What did you buy in the last five years that its VAT was charged separately?

maasoap:
When was the first or last time you paid VAT of this nature? VAT existed in the past but this version is new.

Do you actually live and work in Nigeria?

Do you not pay for services in this country?

Do you not check your receipt at any major supermarket or when you pay for data?

Do you understand that VAT is a line item for any purchase order executed in Nigeria?

Ure sick...what happened to our subsidy? Mineral resources... taxation doesn't bring forth industrialization...no country developed through taxation... there's an enabling environment be4 taxation...Nd what will u do if the money is embezzled or with zero accountability like the subsidy ...all we are hearing is hold Ur govt accountable...I'm I EFCC.. defend with common sense...don't be an hypocrite or happy slave

Exousiang01:
Have you paid the tax other countries are paying?
Taxes that just started two days ago, you want benefits today.
Is your brain paining you?

Hallams:
Listen carefully as well. If you are not aware that the 7.5 percent VAT has been in effect since the Buhari administration, then you need to read more. I have personally been charged 7.5 percent VAT consistently since 2020. This is not new information.🤣🤣 People should take the time to understand facts for themselves rather than relying on noise. So-called influencers are not smarter than you most times; they are simply louder. I s

You lied!
VAT existed in the past but not implemented in this format, this method is new, it was recently passed by the house and approved by Tinubu.
This is not the kind of VAT implementation you were used to. You think national assembly and Tinubu were wasting their time and efforts on something that already exited? You think NLC and other Nigerians are shouting about the VAT they were already used to?

uzohrome:
The 7.5 % tax has been existing since 5 years. This attention seeking fellows. Very sad. In a sane country she should be arrested for fake news

Can you people stop making this ignorant claims for God's sake. This VAT new implementation was recently passed and approved. Nobody was paying 7.5 percent for buying products before, not you, not me. This started this year January 1st as announced by the FG

GloriousGbola:
Do you actually live and work in Nigeria?

Do you not pay for services in this country?

Do you not check your receipt at any major supermarket or when you pay for data?

Do you understand that VAT is a line item for any purchase order executed in Nigeria?

Yes to all your questions. But this is just being implemented starting from this year January 1st. If you disagree, show me one or two of your VAT charges last year.
You heard and watched all the dramas about this new VAT implementation? Why are you guys saying it is not new? Even when they were even telling Tinubu and FG to delay the implementation

Gbadugbakun:
A influencer is someone that influences. Na job Sha, you go just de influence de go. And money go de come.

You no well, at all

Which kain xplanation be this

seunmsg:
Let’s argue. Mention just one new tax or increase tax rate in the new tax law. I’m waiting. Let’s educate ourselves pls. Don’t run away.

I used to argue with you here before but not anymore. It's not worth my energy. There is no need arguing with someone who thinks one way

So let me agree with you that there is absolutely no tax increase for anyone in the tax bill.
Cheers!

maasoap:
Yes to all your questions. But this is just being implemented starting from this year January 1st. If you disagree, show me one or two of your VAT charges last year.
You heard and watched all the dramas about this new VAT implementation? Why are you guys saying it is not new? Even when they were even telling Tinubu and FG to delay the implementation

Oga

I am an engineer who regularly prepares contract documents and also processes vendor payments

7.5% vat is a line item in a valuation and in contract documents

On the personal side as long as I am purchasing from a large organisation and not a corner corner business, vat is always a line item

As a person running a business, clients who want to dodge vat offer to pay to my personal account rather than my business account.

maasoap:
You lied!
VAT existed in the past but not implemented in this format, this method is new, it was recently passed by the house and approved by Tinubu.
This is not the kind of VAT implementation you were used to. You think national assembly and Tinubu were wasting their time and efforts on something that already exited? You think NLC and other Nigerians are shouting about the VAT they were already used to?

I won't argue with you because you sure do not know what you are saying! https://ng.andersen.com/president-buhari-signs-the-finance-bill-2019-into-law/

maasoap:
Do little research now before disgracing yourself here. This type of VAT didn't exist before, it is new.
Even commonsense would have told you this charge is new to her, and that's why she voiced out.

Something is wrong with the way you reason.have you nor dey pay VAT? even your bank charge you VAT on your savings.

maasoap:
Can you people stop making this ignorant claims for God's sake. This VAT new implementation was recently passed and approved. Nobody was paying 7.5 percent for buying products before, not you, not me. This started this year January 1st as announced by the FG

Bross stop this Embarrassment

Sirmwill:
No
It would affect the poor more than the rich
Manufacturers, CEOs etc, they would be forced to increase prices of their produced commodities and services, even importers
This would drastically increase prices of things in the coming days

No sir.
Essential goods and services are not subject to vat. FYI there is vat in and vat out.
Before now:
A producer of essential goods selling price is made up of cost (which includes vat in) plus margin. No vat on the finished goods because it's vat exempt.

NOW
Selling price = cost ( excluding vat on raw material and associated costs) plus margin.

If you produce essential goods, the vat that you pay for your input material is refundable. This should bring down your cost of production. And of course you are not expected to charge vat on your finished goods.

KEY CHALLENGE
Nigerian producers will claim the vat refund but will not use it to reduce their cost of production. They will pretend that it is the pre January 2026 that is still in operation.

Samsyne:
Ure sick...what happened to our subsidy? Mineral resources... taxation doesn't bring forth industrialization...no country developed through taxation... there's an enabling environment be4 taxation...Nd what will u do if the money is embezzled or with zero accountability like the subsidy ...all we are hearing is hold Ur govt accountable...I'm I EFCC.. defend with common sense...don't be an hypocrite or happy slave

Do you live in a cave?

Have you not been hearing governors, senators and house of rep members brag about the hug amount of money they now receive for allocations?
Should the FG go to each state to oversee what the governors do with the money given to them?

Subsidy was removed and the money is now pushed to governors to use to develop the states....
You definitely have granite in your head

Can you trust this post?

Was she really taxed, or as an influencer, she was paid to post this to induce Nigerians to accept the new tax reform without active resistance.

erico2k2:
Bross stop this Embarrassment

What embarrassment? Show me the evidence of your VAT last year.

erico2k2:
Something is wrong with the way you reason.have you nor dey pay VAT? even your bank charge you VAT on your savings.

That's why I'm telling you this year implementation will be on another level, not the kind of implementation you were used to. You do know that NA recently passed this one last year and president approved it?

maasoap:
What embarrassment? Show me the evidence of your VAT last year.

vat has always been 7.5%
https://www.nuprc.gov.ng/wp-content/uploads/2024/10/Value-Added-Tax-Modification-Order-2024-Publication.pdf

Hallams:
I won't argue with you because you sure do not know what you are saying! https://ng.andersen.com/president-buhari-signs-the-finance-bill-2019-into-law/

You can't argue with fact, truth and common sense now. Tell me what NA passed last year and what Tinubu recently approved?
You're quoting Buhari action in 2019 while I'm quoting Tinubu action in 2025. This newly approved VAT is broader in its implementation

maasoap:
That's why I'm telling you this year implementation will be on another level, not the kind of implementation you were used to. You do know that NA recently passed this one last year and president approved it?

YOu are xtremly ignorant, so in your small mind, there was no VAT charged last year? I d oubt you even finished your secondary school, if not why would you be Saying no value added tax for the whole of last year. If you shopped in shopright and given a receipt there would have been a 7/5% vat tax, and also ask yourself this, why do we have duty free shops inside the terminals of all of our international airport?This level of thought of yours is by far THE worse I have come across today!

maasoap:
You can't argue with fact, truth and common sense now. Tell me what NA passed last year and what Tinubu recently approved?
You're quoting Buhari action in 2019 while I'm quoting Tinubu action in 2025. This newly approved VAT is broader in its implementation

Oga stop this Embarrassment, tell us what the VAT rate was for 2023,2024 and 2025 and now 2026

naturefellow:
Can you trust this post?

Was she really taxed, or as an influencer, she was paid to post this to induce Nigerians to accept the new tax reform without active resistance.

Every shop that i sue receipt and are VAT registered will charge 7.5% as VAT

Exousiang01:
Do you live in a cave?

Have you not been hearing governors, senators and house of rep members brag about the hug amount of money they now receive for allocations?
Should the FG go to each state to oversee what the governors do with the money given to them?

Subsidy was removed and the money is now pushed to governors to use to develop the states....
You definitely have granite in your head

Well said, they do not even know that this stamp duty so called now gives state governors 50% share as allocation money, in reality the governors are the winners in all this and yet the fight with LGAs as for direct allocation

erico2k2:
vat has always been 7.5%
https://www.nuprc.gov.ng/wp-content/uploads/2024/10/Value-Added-Tax-Modification-Order-2024-Publication.pdf

I know of course. Even anytime I received interest from my banks on my savings, the percentage of withholding tax has always consistently been 10%.
What we're telling you is that the implementation of VAT and tax will be taken to new level this year according to what NA and and Tinubu recently approved. The evidence is staring you guys in the face here and you are still ignoring it. Why is the lady lamenting if this was implemented last year?

maasoap:
I know of course. Even anytime I received interest from my banks on my savings, the percentage of withholding tax has always consistently been 10%.
What we're telling you is that the implementation of VAT and tax will be taken to new level this year according to what NA and and Tinubu recently approved. The evidence is staring you guys in the face here and you are still ignoring it. Why is the lady lamenting if this was implemented last year?

I do not believe you know what VAT is
If you are confused as to what VAT is ask people they will tell you or do what smart people do, google it.

erico2k2:
This statement of yours was it not true for last year?
if it was true for last year then what changed?

Boss, it's a simple maths 7.5% of the cost of a product or services is the tax. Nothing has changed, I am just trying to update you on the new tax regime that took effect this year.

zoomman:
Boss, it's a simple maths 7.5% of the cost of a product or services is the tax. Nothing has changed, I am just trying to update you on the new tax regime that took effect this year.

Plz go and read what the definition of VAT and come back lets see if it fits into your narrative.
This debate on here about VAT just further reveals how clueless citizens of Nigeria are as to what policies entails even if it was looking at us in the face
The Only thing that is new here is its enforcement, Penalties and mode of payment meaning if you have been dodging remitting VAT you will now be fined. But in paper all is good but in reality the vast majority of it is not enforceable.

erico2k2:
Plz go and read what the definition of VAT and come back lets see if it fits into your narrative.
This debate on here about VAT just further reveals how clueless citizens of Nigeria are as to what policies entails even if it was looking at us in the face
The Only thing that is new here is its enforcement, Penalties and mode of payment meaning if you have been dodging remitting VAT you will now be fined. But in paper all is good but in reality the vast majority of it is not enforceable.

Perhaps you're the one clueless, because Vat of 7.5% is charged on fixed assets and other products and services in Nigeria since last year. Go and do your research and revert.