₦airaland Forum

VAT should be state affairs.

I just got this cherry news that would excite ICAN members and students as CPA Ontario has granted ICAN members reciprocal status to process into CPA Ontario CFE.

This is great new because prior to now, ICAN was not recognized by Canadian CPA. In fact most ICAN holders had to go through the CIMA or ACCA route to acquire CPA.

I wish all those interested Goodluck and would advise that you move quickly.

It is too far, should have been 90 days.

Bobodee09:
My honest advice if you know you can take lot of BS then continue but if you know you can't just end things.

No football match can ever start from 1-0 and end well.

Okafor law is REAL of natural justice

Any attempt to impeach Fubara will be vehemently and violently resisted. Rivers and South- South are NOT FOR SALE.

All those hoping to use Rivers money to bankroll their 2027 election should perish the stupid idea.

Jagabanbattle:
It’s no more news that Gov. Fubara of Rivers state is now at the mercy of Rivers state house of assembly which is controlled by former Governor Wike.

Having lost the battle, Gov. Fubara will be impeached in coming weeks. I’m expecting his impeachment letter to be served this month. I’m just saying this base on threat of violence from vagabonds and criminals.

Politics is a game. You either lose or win and Gov. Fubara lost the battle at the supreme court. His impeachment is certainty and won’t come as a surprise.

Stop propaganda, the defected people will soon be sacked by Rivers High Court.

Amala abd Ewedu politics of suffersticated people.

Ewedu politics

Tinubu should put 150% tarrif on foreign hair.

Please, lest we forget, their name is ISLAMIC BOKO HARAM

Cheap prostitute.
Sincerely Lagos State commissioner of Finance is not smart. Introduce luxury tax for all online flaunting. Anyone who can buy Lamborghini of N500m should be paying 40% as luxury tax.

The household of robbers and their business. It is only in SW that a Gang of old men will be ruling a state with Puppet governor and timid Assembllymen.
Even in medieval empires, that never happened.

VinnyBaba:
Nice one, Fubara.

Meanwhile, Tinibu/APC Agbad0rians are very Funny Pple.

When Obasa Saga started, they were Insulting him and calling him a Corrupt Man, because the media reported he was challenging Tinibu.

Now, they are supporting him as they have heard Tinibu is actually behind him.

Very Confused, M0ronic elements called Agbad0rians.

I thought I was the only one who observed this RONU camelionic life style.

SadiqBabaSani:
Right now, it's all about who got your back.

Who is the Chief Justice of Rivers State?

Without the Chief Judge Governor Fubara cannot be impeached.

Once the House of Assembly write to the Chief Judge listing the impeachable offences that Fubara have committed, the CJ has to set up a panel, right?

What happens if the panel finds that the allegations against the Governor has no merits?

What happens?

Fergie001,
Lawyers in the house

The CJ will set up a kangaroo panel that will acquit Fubara.

What constitutional power has GAC please?
A gang of old men hellbent on subjugation of young Lagosians? It is high time the 29 legislators rebel against these old cargos to free Lagos.

Wike will not like this.
RVSG should start monthly taxes on all properties, assets of all APC politicians at 70% of estimated value. Any defaulting properties should be sold at auction.
Fubara - If you need help, we are available, Tinubu ran Lagos without allocations, Rivers can.

Akpabio should know that Natasha is a daughter of a Ukranian woman, who was trained under USSR Era. Anyone who knows about KGB, should be scared about that generation of Ukrainians. They are FREEDOM FIGHERS, all of them.
Before that woman went of Arise to accuse Akpabio, she has concrete and incontrovertible evidences.

We advise Madam Unoma to retreat and let Mr Akpabio carry his cross, because what Joy Numeh did not have, Natasha has. It would be devastating for the Senate president when those evidences begin to fly in the social media.

To Senator Akpabio, just find a soft-landing for this matter to slide, if not, your whatsapp messages, text messages, video calls, etc will soon hit Facebook market place.

Furios fiction, madam you did not tell us about the $650 you receive monthly as CCB. Tunde is just another suckered a depraved Nigerian entitled immigrant wife.

So, all the Governors overthrown by Buhari and co-travelers should also be paid.
Abiola did not get declared by NEC, so was NEVER and can NEVER be made president.

The Biafra civil war has shown that the Igbos are a resilient stock. Though small and less than 25% of Nigeria, both in geographical size, structure and population, the igbos were able to withstand the rest of Nigeria for 30 months. The igbos deserve to be respected.

I once read somewhere that the reason most of the 1966 coupist were Igbos was because about 50% of the foreign trained, certified and commissioned officers in the Armed Forces were Igbos. The rest of the tribes were mainly non-cimmisioned personnel. Infact, most of the Northern officers, like Buhari., Abacha, Etc rose through the ranks. In coups, only officers are involved.

Today, rising from the dust of the Civil War, and after losing almost everything, the Igbos have steadily risen to reclaimed dominance in Nigeria commerce.

If what befell the Igbos befall any other tribe in Nigeria, believe you mean, they would have remained perpetually poor.

When companies remit VAT to FIRS, they are processed in two forms. One part is the output VAT, that is what the company collects from FINAL CONSUMER. The other part is INPUT VAT, that is what the company paid to import raw materials, and other purchases to make her products.

When remitting VAT for a period, the company compute her Output VAT and deduct Input VAT, the balance is what is remitted to FIRS.

Let's bring it down to basics. If a company that is resident in Benin imports materials and pays N1b VAT, it is deemed Lagos VAT. as such collections are made at Lagos port. Now, when the company sells the products, it collect VAT from Edo citizens.
The company will now deduct the input VAT (remember it was collected in Lagos) from the Output it collected in Edo State, and remits the NET.

So, when NBS or Nairametrics or bloggers go to FIRS site, they will download the NET VAT remitted in Edo and tell us Edo is parasiting Lagos. Uniformed and uneducated posters on NL, and other social media platforms will go to market to sell the information they do not understand.

My position has always been that FIRS should make import VAT destination based. What that means is that if a company in Abia imports goods and it lands at Onne Port, FIRS VAT collection form should mandatorily post the VAT as Abia VAT instead of Rivers VAT. Such that when the company takes back the input VAT, the accurate NET VAT collected by Abia is reflected.
The current system in jaundiced.

Good reason Nigeria needs restructuring. Let SE receive the VAT on imports at Ontsha head bridge and stop paying at Lagos Port, we want to check something. Then, they can also deduct the input from same collections.

Right now, while Lagos collect VAT output from imports, SE deduct input VAT from local output for VAT that was collected at Lagos port. That is robbing Paul and leaving Peter buoyant.

Op, the argument is never about political party or personality, it is your brain that made you think that way, or may be you are being untruthful to yourself.

The issue is that SW hated Jonathan because they perceived him to be Igbo. They saw Goodluck Ebelechukwu Azikiwe Jonathan as an Igboman, hence he surrounded himself with Igbo technocrats. For that, Yoruba could not tolerate his tenure as president. It was all borne out of hatred for the IGBOS.

Truth is that, as far as the average Yorubas are concerned, anyone from across the Niger is OMO-IBO. Whether they are Ibibio. Efik. Ijaw, etc, they are all IGBOS, especially where their middle names are IGBO name. Even Edos and Deltans are classified as Igbos, that is basically your people's mentality and it will takes ages to correct it because you do not travel outside of the SW.

So, back to your topic, GEJ cannot join APC, because in SE and SS, APC remains a Muslim party, that is why they do not vote the party. At grassroot level, the party is derogatorily termed "Alakubar Party". So rather than vote APC, they will follow LP and if not PDP. Please, do not come here to preach to me about Edo Elections. Only Edo North supports APC, because 60 - 70% of Edo North are Muslims.

Donald J Trump, the man with STEEL BALLS.
You all will see how Jordan and Egypt will cower under Trump's threat. Finally, Gaza will be demilitarized. 😂😂😂

fuckingAyaya:
he should take them to a Christian country so they can wreck havoc? So una dey life better things like this? The man is even been considerate. He's suppose to take them to Afghanistan or Iraq where those Bleep starve he-goats on half trousers will marry off their 8years old daughters and turn those minors to Bleep slaves just as their prophet did to a minor.

The bolded got me

When the time comes, we will rename all those institutions. In fact anytime another party wins Lagos, Tinubu's theft would be revealed and his "legacies" with be flushed down the drains of history.

adebowales:
isreal shouldn’t be in the Middle East if we want peace, in the midst of Muslim countries,how did they got there?

Debo, please what does Yarusalem mean in Arabic? Is it even an Arabic name?
Does your Quaran not tell you how Israelites journeyed from Eqypt under God's arm to the present land of Israel?

CoronaVirusPro:


Fvck Israel!

Bleating ewurè

Tinubu should be orocessing Russian visa to go and join the former Syria president Assad.

fuckJones:
we are not going to do that, we don't take advice from terrorist like you

Confused dirty, smelly shut talking about terrorism. Have you washed the po you used last night?

helinues:
University of Logic

Oga, so you have seen the four walls of a university. No wonder you have no job.

fuckJones:
don't forget it was your brother Major General Johnson Aguiyi-Ironsi that abolished regionalism and resource control on May 24, 1966, with his Decree Number 34, the Western Region of Nigeria would have been better than Dubai today. That act set back Nigeria perhaps 100 years backwards, and we have not recovered from it until today.

it will never be well with ironsi

Okay, ask Tinbu to reinstate it. Adterall he reinstated National Anthem.