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Nairaland Forum / Nairaland / General / Politics / AKIRS Seals Off Guarantee Trust Bank Over Tax Default (Photos) (24995 Views)
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Re: AKIRS Seals Off Guarantee Trust Bank Over Tax Default (Photos) by Dpharisee: 11:23am On Dec 14, 2020 |
Have they paid Innoson? |
Re: AKIRS Seals Off Guarantee Trust Bank Over Tax Default (Photos) by Obajemu(m): 11:23am On Dec 14, 2020 |
Oga if you don’t know what to say keep your mouth shut What do you mean by double taxation Every organizations with 20million and above as annual profits are liable to pay CIT(Company Income Tax) to FIRS The same company will pay PAYE to state Government, business premises etc They also pay business permit to local government Mr man if you don’t know something ask from experts xProfx: 8 Likes 1 Share |
Re: AKIRS Seals Off Guarantee Trust Bank Over Tax Default (Photos) by Ravern: 11:24am On Dec 14, 2020 |
xProfx: Companies pay their company income tax (company tax) to Federal government via FIRS while it pay Pay As You Earn (PAYE) of its workforce to state. Don't forget there are other taxes and levies apart from the above due to either state and federal authority. 1 Like |
Re: AKIRS Seals Off Guarantee Trust Bank Over Tax Default (Photos) by CorperKola: 11:26am On Dec 14, 2020 |
xProfx: tax is far more complicated than what you've just said 4 Likes 1 Share |
Re: AKIRS Seals Off Guarantee Trust Bank Over Tax Default (Photos) by pocohantas(f): 11:27am On Dec 14, 2020 |
MyGeneration: They should pay their taxes and I like to think they do. However, some of these state government would say one thing, you do it, they say another. Sometimes it looks like when they are broke, they just look for one bank to seal. 1 Like |
Re: AKIRS Seals Off Guarantee Trust Bank Over Tax Default (Photos) by MyGeneration(m): 11:29am On Dec 14, 2020 |
pocohantas:But lagos is guilty of this too. FYI akwa ibom is amongst the last states u can call broke |
Re: AKIRS Seals Off Guarantee Trust Bank Over Tax Default (Photos) by nnaetobi(m): 11:29am On Dec 14, 2020 |
Why is gtb always on the news for one financial offense or the other. Innoson b4 and now this |
Re: AKIRS Seals Off Guarantee Trust Bank Over Tax Default (Photos) by henryobinna(m): 11:31am On Dec 14, 2020 |
xProfx:It's also confusing to me. Maybe tax rate should be reduced if it's too high. Do they have to pay taxes for only the revenue realised from the branches in those states? Also what is the percentage? Because at the end of the some of these businesses might just close shop |
Re: AKIRS Seals Off Guarantee Trust Bank Over Tax Default (Photos) by omoadeleye(m): 11:33am On Dec 14, 2020 |
xProfx: They're paying residence tax which can be collected by the state IRS |
Re: AKIRS Seals Off Guarantee Trust Bank Over Tax Default (Photos) by edoairways: 11:35am On Dec 14, 2020 |
xProfx:Yeah 1 Like |
Re: AKIRS Seals Off Guarantee Trust Bank Over Tax Default (Photos) by edoairways: 11:36am On Dec 14, 2020 |
omoadeleye:Really! |
Re: AKIRS Seals Off Guarantee Trust Bank Over Tax Default (Photos) by pocohantas(f): 11:37am On Dec 14, 2020 |
MyGeneration: Akwa Ibom state has money. That doesn’t mean they don’t seek ways to generate (more) IGR to fund their numerous white elephant projects. |
Re: AKIRS Seals Off Guarantee Trust Bank Over Tax Default (Photos) by henryobinna(m): 11:38am On Dec 14, 2020 |
pocohantas:How true is this? The bank has lots of issues which includes but not limited to very few branches in a state. For example they have just one operational branch in Owerri. When I was in Umuahia I think it was also just one branch. If they don't think those regions are viable why not close shop and move to other regions?
Organizations siting the HQs in Lagos has less to do with supposed state governments(of other states) stressing them. But more with the way Nigeria presently functions. Lagos is basically the head quarter of Nigeria. Almost every sector. No nationwide business would want to site their headquarters elsewhere leaving out the state where 'things are happening'. It has very little to do with the state government. It's the same reason that brings people from virtually every part of Nigeria to Lagos. |
Re: AKIRS Seals Off Guarantee Trust Bank Over Tax Default (Photos) by MyGeneration(m): 11:38am On Dec 14, 2020 |
pocohantas:When lagos tax businesses nobody complains they tell u go back to ur state. Akwa ibom is doing same too, nd just like lagos there answer is same |
Re: AKIRS Seals Off Guarantee Trust Bank Over Tax Default (Photos) by Nobody: 11:38am On Dec 14, 2020 |
Obajemu: I already mentioned that I'm not a taxation professional so why are you typing trash? Some of you are just rude for nothing... What I said is not far fetched. I remember vividly same thing happened to another bank in the S/E, I think Fidelity bank and they raised a similar issue. 1 Like |
Re: AKIRS Seals Off Guarantee Trust Bank Over Tax Default (Photos) by shevy878: 11:41am On Dec 14, 2020 |
Just 2 branches in the whole of akwaibom state |
Re: AKIRS Seals Off Guarantee Trust Bank Over Tax Default (Photos) by Forumobserver12(m): 11:44am On Dec 14, 2020 |
pocohantas: I beg to disagree with you on this, Is there anything wrong in paying Tax? I don't think there's any state in Nigeria that takes the issue of tax more serious than Lagos State.. 1 Like 1 Share |
Re: AKIRS Seals Off Guarantee Trust Bank Over Tax Default (Photos) by jbloggs(m): 11:47am On Dec 14, 2020 |
This double taxation is no more a good thing at all. |
Re: AKIRS Seals Off Guarantee Trust Bank Over Tax Default (Photos) by pocohantas(f): 11:48am On Dec 14, 2020 |
hardbody: No mind them. Ordinary 120m. |
Re: AKIRS Seals Off Guarantee Trust Bank Over Tax Default (Photos) by SaintLucia: 11:48am On Dec 14, 2020 |
MyGeneration:Banks doesn't pay tax in Lagos. Don't say what u don't know. Banks only pay tax to the federal government. Only local government collect money from banks, money like parking space, environmental/fumigation certificate, business permit within the local government which are even negotiable. Only in south south and southeast u see governors harassing banks |
Re: AKIRS Seals Off Guarantee Trust Bank Over Tax Default (Photos) by pocohantas(f): 11:53am On Dec 14, 2020 |
SaintLucia: Thank you! I am very sure I know what I am saying. Governors in SE/SS do this a lot. They will just wake one day, come up with one bill and slam the bank with it. Abia State government is the worst of them all. 1 Like |
Re: AKIRS Seals Off Guarantee Trust Bank Over Tax Default (Photos) by otomatic(m): 11:53am On Dec 14, 2020 |
xProfx: There are different taxes e.g VAT goes to FG, WHT of a sole proprietorship goes to State, Signage goes to LG depending on the locality. You will not see where one pays for business premises for instance, to both FG and State or LG. It's just that the taxes are much and come with different names. 1 Like |
Re: AKIRS Seals Off Guarantee Trust Bank Over Tax Default (Photos) by hardbody: 11:54am On Dec 14, 2020 |
pocohantas: Help me teach them. That figure mentioned doesn't even scratch his Bonus as at last financial year ended. And most people don't understand the entity concept in corporate law. |
Re: AKIRS Seals Off Guarantee Trust Bank Over Tax Default (Photos) by sammirano: 12:04pm On Dec 14, 2020 |
pocohantas: They are bunch of assholes with only looting mentality. |
Re: AKIRS Seals Off Guarantee Trust Bank Over Tax Default (Photos) by litaninja(m): 12:05pm On Dec 14, 2020 |
Errr.....Federal tax? |
Re: AKIRS Seals Off Guarantee Trust Bank Over Tax Default (Photos) by Wiseandtrue(f): 12:10pm On Dec 14, 2020 |
xProfx:Honestly! Nigerians are over taxed!!! Taxes are deducted from salaries Sellers go still deduct if you go buy Bank go deduct charges again Recharge card sellers self go commot their own Mtcheeeeeew |
Re: AKIRS Seals Off Guarantee Trust Bank Over Tax Default (Photos) by Ofunaofu: 12:12pm On Dec 14, 2020 |
xProfx:you are right, but the PAYE of the staffs working in those branches are meant to be remitted to the state internal Revenue service account and other levies |
Re: AKIRS Seals Off Guarantee Trust Bank Over Tax Default (Photos) by MyGeneration(m): 12:16pm On Dec 14, 2020 |
SaintLucia:It happened in the SS how does SE come into it? Do u know any SE state that harassed any bank? 1 Like |
Re: AKIRS Seals Off Guarantee Trust Bank Over Tax Default (Photos) by castiello(m): 12:21pm On Dec 14, 2020 |
Darammliveth: I was forced to login to treat your bleeped, how are they lawless you want Nigeria to be like America yet you don’t want to pay tax or do anything meaningful to develop the country do you think only the government has the mandate to fix the country hell no, the citizens too need to cooperate |
Re: AKIRS Seals Off Guarantee Trust Bank Over Tax Default (Photos) by HeavenShield: 12:24pm On Dec 14, 2020 |
RedScorpion:..to thief.. |
Re: AKIRS Seals Off Guarantee Trust Bank Over Tax Default (Photos) by Whitecoal711: 12:30pm On Dec 14, 2020 |
Banks tax us,no give us loan govt tax banks govt tax us banks tax us Redundant economy system |
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