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N50 Stamp Duty Imposed On Bank Customers By FG - Business (5) - Nairaland

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CBN Introduces New Charges On Bank Deposits And Withdrawals / N50 Stamp Duty: 10 Things You Need To Know / N50 Stamp Duty: CBN Exempts Salary Accounts, Self-to-self Transactions (2) (3) (4)

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Re: N50 Stamp Duty Imposed On Bank Customers By FG by godoluwa(m): 11:18pm On Jan 19, 2016
BuddhaPalm:


If you know what taxes are in the US & UK them, cold go catch you.

You fit earn £10m them go get mind collect HALF!
joker, av u been to d states b4? u will even be glad to pay ur tax bcoz u gonna enjoy it via streetlight etc

2 Likes

Re: N50 Stamp Duty Imposed On Bank Customers By FG by macklef(m): 11:19pm On Jan 19, 2016
Am not against this but our legislators can never be allowed
Useless allowances for sitting and talking while we work our ass off
Under strigent conditions

3 Likes

Re: N50 Stamp Duty Imposed On Bank Customers By FG by AmeLonRo(m): 11:20pm On Jan 19, 2016
BuddhaPalm:


If you know what taxes are in the US & UK them, cold go catch you.

You fit earn £10m them go get mind collect HALF!

In UK and US you see clearly what they are ding with your tax. Roads are good, light is steady, etc. Is it the same here?

2 Likes

Re: N50 Stamp Duty Imposed On Bank Customers By FG by Tochaigh: 11:20pm On Jan 19, 2016
BuddhaPalm:


If you know what taxes are in the US & UK them, cold go catch you.

You fit earn £10m them go get mind collect HALF!

Nigeria that doesn't have stable electricity, you are comparing to the UK. Mr man pls swerve

3 Likes

Re: N50 Stamp Duty Imposed On Bank Customers By FG by ogastone(m): 11:20pm On Jan 19, 2016
What a change !
it is like fetching water with spoon from a bucket in your house to pour in a river. Federal Government stealing from the people. poverty no good even for a country.

1 Like

Re: N50 Stamp Duty Imposed On Bank Customers By FG by savanto: 11:21pm On Jan 19, 2016
The harvest is past: and the summer is ended, yet we are not saved!

The more things CHANGE, the more they are THE SAME.
Re: N50 Stamp Duty Imposed On Bank Customers By FG by XaintJoel20: 11:23pm On Jan 19, 2016
Is President Buhari just waking up to the reality that Nigeria is broke
#Was Nigeria not broke when Buhari budgeted 1.7 billion for feeding in Aso Rock?
#Was Nigeria not broke when Buhari budgeted 19 billions as the amount that would be spent to cater for his welfare and that of his immediate family?
#So Nigeria was not broke when Buhari budget close to 40 billion for the purchase of new fleet of BMW cars for himself and his cronies...
#Nigeria is broke, but Buhari is still managing the 11 airplanes he inherited from GEJ and using 5.7 billion naira to maintain them every six months...
One thing I know, those that perpetrated this evil by supporting and voting for Buhari would also join other Nigerians to suffer the misrule of Buhari...
#Thanks...

3 Likes 1 Share

Re: N50 Stamp Duty Imposed On Bank Customers By FG by Nicur: 11:24pm On Jan 19, 2016
OAUTemitayo:
Very sensible.
Oil price is going down and we need to up our revenue moves
ZOMBIE spotted!!

6 Likes

Re: N50 Stamp Duty Imposed On Bank Customers By FG by ChiSun27(m): 11:24pm On Jan 19, 2016
BlackPeni5:
Shameful from the government to say the least. After working hard and paying your taxes, government will still take your money just because you decided to put it in the bank. Clearly, the helpless government is clueless on how to diversify the economy.

Wetin concern stamp duty and my money...abi banks don turn NIPOST


According to the write up...they don't charge on self to self deposit.
Re: N50 Stamp Duty Imposed On Bank Customers By FG by BuddhaPalm(m): 11:27pm On Jan 19, 2016
Tochaigh:


Nigeria that doesn't have stable electricity, you are comparing to the UK. Mr man pls swerve

Chicken or Egg...?

You can't run a government without money.
Re: N50 Stamp Duty Imposed On Bank Customers By FG by Spybradd: 11:29pm On Jan 19, 2016
Realdeals SUFFERING AND SMILING ZOMBI grin:
Well! Oil revenue is down and government needs to get going. I don't think this is too bad if it's well spent. Most clime survive on Tax, oil has been more of a curse than blessing couple with Corruption.
self consolation..
Look into the mirror and see ur red eye..
Lying mohamad naim go finish una.
Re: N50 Stamp Duty Imposed On Bank Customers By FG by kpolli(m): 11:29pm On Jan 19, 2016
Real change


Sigh Baba!

1 Like

Re: N50 Stamp Duty Imposed On Bank Customers By FG by Elly1(m): 11:33pm On Jan 19, 2016
hahaha, funny FG

1 Like

Re: N50 Stamp Duty Imposed On Bank Customers By FG by PaulJohn1: 11:35pm On Jan 19, 2016
OAUTemitayo:
Very sensible.
Oil price is going down and we need to up our revenue moves

I seriously wonder why a lot of people are blaming the government for this act.
Too many awoof things in Nigeria believe me.

I wanted to deposit money into someone's account here in Deutschland (a local account) , but because I'm not a customer of the bank, I was told I'll pay 15€...
Bank here charge 5€ on accounts every month. This is a country with good economy.

Nigerians should understand that we can't expect anything good from government if we don't pay tax.

4 Likes

Re: N50 Stamp Duty Imposed On Bank Customers By FG by HAH: 11:36pm On Jan 19, 2016
Post here clearly show most of our youths don't read and don't know statutory sources of funds for the federal government.

For those who don't know stamp duties. Is one of the taxes collected by FIRS on behalf of FG, but past government were totally reliant on free oil money and forgot about stamp duties.

5 Likes 1 Share

Re: N50 Stamp Duty Imposed On Bank Customers By FG by Nobody: 11:38pm On Jan 19, 2016
Sai Barawo Buhari... u wan dey remoof am for my salary ni... Awon ole... cry

1 Like

Re: N50 Stamp Duty Imposed On Bank Customers By FG by amanze15(m): 11:39pm On Jan 19, 2016
godoluwa:
joker, av u been to d states b4? u will even be glad to pay ur tax bcoz u gonna enjoy it via streetlight etc
lol Taxes is the most hated English word in the west don't even say it grin
Re: N50 Stamp Duty Imposed On Bank Customers By FG by passionate88: 11:39pm On Jan 19, 2016
OAUTemitayo:
Very sensible.
Oil price is going down and we need to up our revenue moves
and the best way to 'up' the revenue is to steal from the masses?. Isn't that kworopshun

1 Like

Re: N50 Stamp Duty Imposed On Bank Customers By FG by Spybradd: 11:43pm On Jan 19, 2016
Segunjosegs:
anything for the good of the nation #MAKENIGERIAGREATAGAIN

another old and aging "we are the leaders of tommorow".
Gullible zouogeryans
grin
Re: N50 Stamp Duty Imposed On Bank Customers By FG by bllaster: 11:44pm On Jan 19, 2016
PaulJohn1:


I seriously wonder why a lot of people are blaming the government for this act.
Too many awoof things in Nigeria believe me.

I wanted to deposit money into someone's account here in Deutschland (a local account) , but because I'm not a customer of the bank, I was told I'll pay 15€...
Bank here charge 5€ on accounts every month. This is a country with good economy.

Nigerians should understand that we can't expect anything good from government if we don't pay tax.

Try get small sense nah. just small

have u taken a look at the budget?

Govt. is lavishing our money and still expect us to pay.

They have not even paid us the 5k promised yet they are quick to charge #50 with immediate effect.

Just shut up your mouth right there in germany. You have no idea what we are going through

2 Likes

Re: N50 Stamp Duty Imposed On Bank Customers By FG by mcnuel001(m): 11:44pm On Jan 19, 2016
Sai baboon, all the ape-pig-cee supporters I guess dis won't be applicable to u? #Change the changer pls# reasonable wailer for life
Re: N50 Stamp Duty Imposed On Bank Customers By FG by guyXander(m): 11:45pm On Jan 19, 2016
Nkechi!
Oya, start digging our money bunker.
Obiora where is the shovel?!
Re: N50 Stamp Duty Imposed On Bank Customers By FG by OAUTemitayo: 11:45pm On Jan 19, 2016
frisky2good:
Stop embarrassing Yoruba race.

Nicur:
ZOMBIE spotted!!
frisky2good:
Stop embarrassing Yoruba race.

You both need to be put in a mental detention facility.
You need to upgrade your mental faculties
Re: N50 Stamp Duty Imposed On Bank Customers By FG by Tycoflu(m): 11:48pm On Jan 19, 2016
lofty900:
So if I do bank transactions 50 times in a month, it's 50×50=#2500 gone just like that? I've never seen a reasonable government that turns to stealing from the masses to generate income. Continue, I can't wait for 2019

This part of the statement should answer your assumption

“For all avoidance of doubt the following receipts are however exempted from imposition of stamp duties:

payments of deposits or transfer by self to self whether inter or intra bank; and

any form of withdrawals/transfers from saving accounts"

Hope it answers your question.

1 Like

Re: N50 Stamp Duty Imposed On Bank Customers By FG by Nobody: 11:49pm On Jan 19, 2016
It is a harsh tax, but understandable.

Right now oil is at $28. In 2011 it was at $111 per barrel.Nigeria needs it to be at $123 per barrel to meet our daily needs.

So,even as we grumble and regret voting APC last year....let's be honest. Even if PDP or APGA was in charge....we would still be in this mess.

The palaver is that taxes are going up. And additionally, prepare for subsidies removal, and a host of other things.

I reckon that by 2017.....there will be more tax increases. Obviously....we are running an austerity government. Good for Nigeria really....if you ask me.We should have done so back in 2007 when things were better. We are not a rich nation.

4 Likes

Re: N50 Stamp Duty Imposed On Bank Customers By FG by divide9ja: 11:49pm On Jan 19, 2016
This is clearly a tax on the poor southerners to fund the north.

Well this is ur APC
This joke called Nigeria is dying.

My South- East cousins and my South-South people can you see.

This marriage is a burden

.

1 Like

Re: N50 Stamp Duty Imposed On Bank Customers By FG by Nobody: 11:50pm On Jan 19, 2016
divide9ja:
This is clearly a tax on the poor southerners to fund the north.

Well this is ur APC.

And what about the millions of Northerners that have bank accounts? They are affected too.

Your bigotry is really amusing. Even Northerners in the village have bank accounts too.

Smh.

1 Like

Re: N50 Stamp Duty Imposed On Bank Customers By FG by PaulJohn1: 11:51pm On Jan 19, 2016
bllaster:


Try get small sense nah. just small

have u taken a look at the budget?

Govt. is lavishing our money and still expect us to pay.

They have not even paid us the 5k promised yet they are quick to charge #50 with immediate effect.

Just shut up you mouth right there in germany. You have no idea what we are going through

You've been noticed
Re: N50 Stamp Duty Imposed On Bank Customers By FG by Tochaigh: 11:52pm On Jan 19, 2016
PaulJohn1:


I seriously wonder why a lot of people are blaming the government for this act.
Too many awoof things in Nigeria believe me.

I wanted to deposit money into someone's account here in Deutschland (a local account) , but because I'm not a customer of the bank, I was told I'll pay 15€...
Bank here charge 5€ on accounts every month. This is a country with good economy.

Nigerians should understand that we can't expect anything good from government if we don't pay tax.


Please describe Deutschland's infrastructure and government, and then describe Nigeria's infrastructure and government.

I'm working my ass without electricity, bad roads, inflated housing cost, no portable water, no sewage, bad economy... the list goes on. You are here typing rubbish!
While Fayemi has budgeted over 700m for a website upgrade in the new budget

Plus why are you even in Deutschland, buhari clearly needs you more.

Paul, face ya work o!

2 Likes

Re: N50 Stamp Duty Imposed On Bank Customers By FG by Nobody: 11:53pm On Jan 19, 2016
mcnuel001:
Sai baboon, all the ape-pig-cee supporters I guess dis won't be applicable to u? #Change the changer pls# reasonable wailer for life

Well....it applies to everyone....and if PDP was in charge....the same thing would have happened.

And while I want to blame GEJ for not saving....even if GEJ had saved, and won last year to boot.....it would have still been wise to increase taxes.

Nigeria is not a rich nation. We should have accepted that fact long time ago.
Re: N50 Stamp Duty Imposed On Bank Customers By FG by CharlyNick: 11:54pm On Jan 19, 2016
godoluwa:
hw many ppl u don dash 50naira today?


50 People. Any other Question?
Re: N50 Stamp Duty Imposed On Bank Customers By FG by maslong(m): 11:54pm On Jan 19, 2016
angry

1 Like

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