₦airaland Forum

zoomman:
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.

Bro I live i n the UK and U wana tell me bout tax na we be tax
What do you know about fix assets reference VAT?

erico2k2:
Bro I live i n the UK and U wana tell me bout tax na we be tax
What do you know about fix assets reference VAT?

Can you compare UK way of doing things to Nigeria?

That's what you should think about before our back and forth.

zoomman:
Can you compare UK way of doing things to Nigeria?

That's what you should think about before our back and forth.

VAT is VAT worldwide, the % is the difference. I asked you to educate me on what fixed asset is reference VAT, you are here longing things.

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?

You are the one capping thrash due to tribalism. Didn't you hear of the controversy of 12 % sneaked into the criminal tax laws as VAT instead of 7.5?

Hell is empty cos all the devils and their agents are in Nigeria

iCauseTrouble:
Don't you plan to become rich someday?

😂😂😂😂😂😂😂😂😂😂😂😂😂😂

vanbonattel:
Just listen to yourself!

If she has been paying this high VAT, why is she now crying out loudly?

Some people just support evil because it's done by their people.

Oga you are the one capping trash. VAT 7.5% has been in existence for a while. She is just being sensational. Influencers are using every means to discredit the tax law. But she should really wait. The tax authority will wait for her until she gets x's money, and they will know whether the new tax affects her or not.

U need a mental evaluation...since subsidy removal what has the people benefited..from 2023 of Tinubu how has Nigerian being..economically .. security...health sector...very soon Ur life will be as the way Tinubu is ruling Nigeria

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

Samsyne:
U need a mental evaluation...since subsidy removal what has the people benefited..from 2023 of Tinubu how has Nigerian being..economically .. security...health sector...very soon Ur life will be as the way Tinubu is ruling Nigeria

Money has been pumped to the governor, if your brain is working you would be asking your governors who are receiving the money not Tinubu who has given them the money.

Many of you Nigerians don't can't even think....

Governors are making noise about huge money received but Tinubu is your problem not your governors who have collected the money.....
The legislature have also received more money than ever have questioned your senators and house of Rep members?

Continue waiting for Tinubu to come down to your state to do what your state governor has received money to do...
Na granite dey your head

DixseenMktPlace:
It’s for the rich not poor

Those wey e dey affect go cry out then we go know who be who for the tax payment



WAILERS WAIL THE MORE

who buys from the rich?

Dogalmighty17:
I don't understand what people mean by influencer. What is an influencer really? Na work?

What is a TV broadcaster or newspaper writer,na work?

Cromagnon:
who buys from the rich?

The rich

erico2k2:
VAT is VAT worldwide, the % is the difference. I asked you to educate me on what fixed asset is reference VAT, you are here longing things.

Find as attached.

zoomman:
Find as attached.

YOu see you guys, this is why loads of you fail Visa interview, I asked you a simple question, WHAT DO YOU UNDERSTAND BY FIXED ASSETS,]Even with the help of the Internet you succeeded in posting a screenshot of what kind of tax is imposed o n fixed assets. You still could not provide a narrative of reasonable explanation from yourself of what you understand as a fixed asset. I give up

VAT is 7.5% in2024 ,2025 and 2026, nothing new and nothing changed so you lot screaming vat up vat down have n o clue.

erico2k2:
YOu see you guys, this is why loads of you fail Visa interview, I asked you a simple question, WHAT DO YOU UNDERSTAND BY FIXED ASSETS,]Even with the help of the Internet you succeeded in posting a screenshot of what kind of tax is imposed o n fixed assets. You still could not provide a narrative of reasonable explanation from yourself of what you understand as a fixed asset. I give up

VAT is 7.5% in2024 ,2025 and 2026, nothing new and nothing changed so you lot screaming vat up vat down have n o clue.

Kindly check IAS 16 for the meaning. Presently, we are discussing rate of Vat on Fixed assets.

Common sense far from u...I'm I the one to hold them accountable or the system provided by the president? If they loot is it me or EFCC that will swing into action...have common sense u said no

Exousiang01:
Money has been pumped to the governor, if your brain is working you would be asking your governors who are receiving the money not Tinubu who has given them the money.

Many of you Nigerians don't can't even think....

Governors are making noise about huge money received but Tinubu is your problem not your governors who have collected the money.....
The legislature have also received more money than ever have questioned your senators and house of Rep members?

Continue waiting for Tinubu to come down to your state to do what your state governor has received money to do...
Na granite dey your head

zoomman:
Kindly check IAS 16 for the meaning. Presently, we are discussing rate of Vat on Fixed assets.

I know the meaning but I suspect you don't that is why you cannot say it on here, anyway I have made my point and we done here.

DixseenMktPlace:
The rich

Really
Who buys from dangote (noodles,spaghetti, flour, rice?
Cement and petroleum products?
Who uses banks
Who buys cars and phones and booze?
Only rich ppl?

erico2k2:
I know the meaning but I suspect you don't that is why you cannot say it on here, anyway I have made my point and we done here.

I dont know and i refer you to IAS ( international Accounting Standard). Mr Know it all.

Cromagnon:
Really
Who buys from dangote (noodles,spaghetti, flour, rice?
Cement and petroleum products?
Who uses banks
Who buys cars and phones and booze?
Only rich ppl?

Yes sir

zoomman:
I don't know and i refer you to IAS ( international Accounting Standard). Mr Know it all.

No you do, you have gone to read up what fixed assets are and realize they are classed as PP and E and realized its stupid to say you pay VAT on them directly and instead of you to admit your Ignorance U dey here dey mumu yourself, this is the problem with you lot, you try to sound sophisticated and dev into shyte you know next to nothing about.

erico2k2:
No you do, you have gone to read up what fixed assets are and realize they are classed as PP and E and realized its stupid to say you pay VAT on them directly and instead of you to admit your Ignorance U dey here dey mumu yourself, this is the problem with you lot, you try to sound sophisticated and dev into shyte you know next to nothing about.

Perhaps you should go to where the transactions was made and go and argue with them there instead of the back and forth you are having with me.

zoomman:
Perhaps you should go to where the transactions was made and go and argue with them there instead of the back and forth you are having with me.

Still Nothing learnt. smh

erico2k2:
Still Nothing learnt. smh

I don't need it. Tanx.

Whalis:
Taxing people very high doesn't lead to economic prosperity. If this fellow knew he would be taxed as.much he would charge more than he did. This will create a relay effect as well on other factors of production as well. If you don't produce you can never tax your people to gain rich.

Come to UK and tell them that you know better.
I make £3,500and pay over ~£800 tax +NI

yorosstores:
Come to UK and tell them that you know better.
I make £3,500and pay over ~£800 tax +NI

Are you in the UK?
Have you seen how things work in the UK?
Wouldn't you be happy to let in all your incomes to the government?
Is anybody looting all the taxes?

DixseenMktPlace:
Yes sir

so poor ppl don't but noodles or cars?
Smh

Cromagnon:
so poor ppl don't but noodles or cars?
Smh

Yes daddy