₦airaland Forum

Korllami007:
I have never met someone that knows someone that knows someone that knows someone that knows someone that knows someone that someone that have collected. Zombies uploaded pictures of people that are not up to 900 claiming that they have finished sharing over 100billion naira

LastSurvivor11:
Can anyone here mention anyone he/she knows that got any part of the $300m abacha loot that buhari shared the poor

LawrenceOnline:
Other African countries are using technology to move ahead.... Our leaders still thinks good roads are our problem, the colonial mentality.

Olasage4:
Pioneers needed In Nigeria. Anyone can apply. Contact below

Onyemadonald:
The Federal Inland Revenue Service (FIRS) yesterday explained that Value Added Tax (VAT) is a consumption tax primarily designed to support poor people, and not to create hardship for them.

The Chairman of FIRS, Babatunde Fowler allayed fears that the increase in VAT may cause hardship for the poor, stating that VAT is charged on consumption and capacity to consume. He said: “When you don’t consume certain categories of goods and services, you are not liable to pay VAT charges on those items.

VAT is not charged on all medical and pharmaceutical products. It is not charged on basic food items. It is not charged on books and educational materials. It is not charged on baby products, fertilizers, locally produced agricultural and veterinary medicine. VAT is not charged on farming machinery and farming transportation equipment.

“VAT is not charged on all exports, plant machinery and goods imported for use in Export Processing Zones and free trade zone: Provided that 100 per cent production of such company is for export.

“Other services exempted from VAT are medical services, services rendered by Community Banks, People’s Bank and Mortgage Institutions, plays and performances conducted by educational institutions as part of learning and all exported services are exempted from VAT.
Fowler said some people misunderstood what VAT is. VAT is a consumption tax. If you don’t have money to purchase certain categories of goods and services and you don’t consume them, then VAT is not your problem. “VAT is used to assist the needy.

VAT provides support for the needy, not a hardship on them; 85 per cent of VAT collected is shared among states for them to provide free education, free health services, provide basic amenities among others. “We can see what the Federal Government is doing with the tax money. Look at the rail system, the Abuja-Kaduna rail is complete. Look at the Lagos-Ibadan expressway, look at the education system, the school feeding programme among others. If at the state level, your government cannot justify the taxes you pay to them, you have the right to vote them out in the next four years,” Fowler said, according to a statement from FIRS.

Fowler said if countries such as United Arab Emirate (UAE), Saudi Arabia which are rich in oil resources would be laying emphasis on taxation, Nigeria should also emulate them.
The FIRS Chairman also explained that Nigeria’s economy is only picking up in recent times because former administrations over-looked tax reforms and depended on the depletable mineral resources.

SOURCE: https://www.trendingaccounting.com/2019/03/vat-designed-to-support-poor-says.html

Lovelyn451:
But I see VAT on every purchase I make, it makes up the price of the item..mention the particular product u think Nigerians dont consume that doesn't require VAT...we consume everything

olas24u:
40 to 60 % of the alcohol come from the west,it is a senator and an area that generates little that should ask.remi tinubu already asked for 1% of the total VAT collected your senators plus does northern senators rejected it.

Korllami007:
I have never met someone that knows someone that knows someone that knows someone that knows someone that knows someone that someone that have collected. Zombies uploaded pictures of people that are not up to 900 claiming that they have finished sharing over 100billion naira

orion7:
cone from or sold in. what 're we talking about ?

and why should tinubu ask for 1% ?

hero orijin. guineas. And other beers 're produced in the east. + gins produced in the South. but youruba people must carry nonsense for head.

rubbish

olas24u:
Because Lagos generates a large %of the total VAT collected in Nigeria, followed by kano,.

orion7:
are saying all these because I asked senator Abaribe to move a motion that denys northern states from getting vATS FROM alcoholic drinks ?


you get sense so ? common grout

Charmingrascal:
We Stand with PMB
If PMB's policies are killing your business, your business is killing Nigeria. Look for a legit business to start.
With PMB 60% of our future is secured


Wailers can wail we are proud Zombies

Onyemadonald:
The Federal Inland Revenue Service (FIRS) yesterday explained that Value Added Tax (VAT) is a consumption tax primarily designed to support poor people, and not to create hardship for them.

The Chairman of FIRS, Babatunde Fowler allayed fears that the increase in VAT may cause hardship for the poor, stating that VAT is charged on consumption and capacity to consume. He said: “When you don’t consume certain categories of goods and services, you are not liable to pay VAT charges on those items.

VAT is not charged on all medical and pharmaceutical products. It is not charged on basic food items. It is not charged on books and educational materials. It is not charged on baby products, fertilizers, locally produced agricultural and veterinary medicine. VAT is not charged on farming machinery and farming transportation equipment.

“VAT is not charged on all exports, plant machinery and goods imported for use in Export Processing Zones and free trade zone: Provided that 100 per cent production of such company is for export.

“Other services exempted from VAT are medical services, services rendered by Community Banks, People’s Bank and Mortgage Institutions, plays and performances conducted by educational institutions as part of learning and all exported services are exempted from VAT.
Fowler said some people misunderstood what VAT is. VAT is a consumption tax. If you don’t have money to purchase certain categories of goods and services and you don’t consume them, then VAT is not your problem. “VAT is used to assist the needy.

VAT provides support for the needy, not a hardship on them; 85 per cent of VAT collected is shared among states for them to provide free education, free health services, provide basic amenities among others. “We can see what the Federal Government is doing with the tax money. Look at the rail system, the Abuja-Kaduna rail is complete. Look at the Lagos-Ibadan expressway, look at the education system, the school feeding programme among others. If at the state level, your government cannot justify the taxes you pay to them, you have the right to vote them out in the next four years,” Fowler said, according to a statement from FIRS.

Fowler said if countries such as United Arab Emirate (UAE), Saudi Arabia which are rich in oil resources would be laying emphasis on taxation, Nigeria should also emulate them.
The FIRS Chairman also explained that Nigeria’s economy is only picking up in recent times because former administrations over-looked tax reforms and depended on the depletable mineral resources.

SOURCE: https://www.trendingaccounting.com/2019/03/vat-designed-to-support-poor-says.html

Onyemadonald:
The Federal Inland Revenue Service (FIRS) yesterday explained that Value Added Tax (VAT) is a consumption tax primarily designed to support poor people, and not to create hardship for them.

The Chairman of FIRS, Babatunde Fowler allayed fears that the increase in VAT may cause hardship for the poor, stating that VAT is charged on consumption and capacity to consume. He said: “When you don’t consume certain categories of goods and services, you are not liable to pay VAT charges on those items.

VAT is not charged on all medical and pharmaceutical products. It is not charged on basic food items. It is not charged on books and educational materials. It is not charged on baby products, fertilizers, locally produced agricultural and veterinary medicine. VAT is not charged on farming machinery and farming transportation equipment.

“VAT is not charged on all exports, plant machinery and goods imported for use in Export Processing Zones and free trade zone: Provided that 100 per cent production of such company is for export.

“Other services exempted from VAT are medical services, services rendered by Community Banks, People’s Bank and Mortgage Institutions, plays and performances conducted by educational institutions as part of learning and all exported services are exempted from VAT.
Fowler said some people misunderstood what VAT is. VAT is a consumption tax. If you don’t have money to purchase certain categories of goods and services and you don’t consume them, then VAT is not your problem. “VAT is used to assist the needy.

VAT provides support for the needy, not a hardship on them; 85 per cent of VAT collected is shared among states for them to provide free education, free health services, provide basic amenities among others. “We can see what the Federal Government is doing with the tax money. Look at the rail system, the Abuja-Kaduna rail is complete. Look at the Lagos-Ibadan expressway, look at the education system, the school feeding programme among others. If at the state level, your government cannot justify the taxes you pay to them, you have the right to vote them out in the next four years,” Fowler said, according to a statement from FIRS.

Fowler said if countries such as United Arab Emirate (UAE), Saudi Arabia which are rich in oil resources would be laying emphasis on taxation, Nigeria should also emulate them.
The FIRS Chairman also explained that Nigeria’s economy is only picking up in recent times because former administrations over-looked tax reforms and depended on the depletable mineral resources.

SOURCE: https://www.trendingaccounting.com/2019/03/vat-designed-to-support-poor-says.html

Charmingrascal:
I can feed u and ur family

orion7:
wat of toll gate fee ?


will vat from sales of alcohol be used in the north too ?



pls Abaribe should ask this question in plenary asap enough of this leeches

contigiency:
And what do you use to build the road if not technology? You think it's the hoes and cultlasses your mother is using in her village farm work? If you have the technology without good roads how do you think you will look like before the rest of the world?

datola:
Basic infrastructures such as roads and rails are very important to the development of any serious country.