₦airaland Forum

pocohantas:
A sensible man should know he comes below the wife’s father. Please know your place and have peace.

I am not competing for anything with my father in-law, there is nothing to tussle on but I married his daughter. I have respect for him and expect him to respect himself as well or keep his place as my wife's father but never interfere with my marriage except when permitted by me ultimately.

I am not below my father in-law. If my wife thinks like you and instigate anything to prove that to me, then she is in for shockers.

meobizy:
She is South African. Those people live in another plane of existence.

News like this being reported here shows Nigerians are still majorly unexposed. People kiss each other on the lips every day of our lives. Get over it and face your struggle.

This is almost a french kiss, whatever level of exposure that makes a father kiss his grown daughter like that is suspicious. They are breeding incest.

pocohantas:
Fathers are gold.

The only man that wants you to be greater than him.

The only man that will give you urgent 2k without asking “so when are you coming?”

The only man that you can chop his money and not pay back in any form. Just be fine and great, he is alright.

One coconut head will na come from God knows where and want to rub shoulders with your father because he paid bride price. Kai! Young guys are badly behaved. If not they should know their place, somewhere below the father.

You brought the so called coconut head to ask for your hand in marriage.

No man wants to rub shoulders with your dad but most men want your dad to mind his business and respect himself while your husband minds his business as well.

No husband is beneath your father, he is never gonna be your father but your husband. He is different from your father.

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blackpanda:
Do u think Lagos state govt in this scenario will care about that If u allow the states they are all selfish and thinking about only themselves. Each state will collect the same vat over and over again

No, it is the right of the re-seller or buyer in Lagos to inform the Lagos State tax officials that the VAT has been collected on that product already. No product is eligible for double or multiple VAT except if it was further transformed into another finished product.

The re-seller in Lagos only needs to present evidence of VAT payment on the bill paid in Delta or Aba.

blackpanda:
That is the more reason why FG should collect it once and from one source. Otherwise is will amount to multiple taxation. Many companies will fold up and leave. To be honest I think that rivers state judge was being partisan and irrational.

A product should not suffer VAT more than once hence, when a product is made in Aba or Delta and sold to a buyer, the bill should include VAT which is remitted at the state of production.

When the product gets to Lagos, the VAT has already been paid so Lagos can't charge another VAT on it. Simple.

jesus19984:
Any discerning observer of what is happening with the VAT issue will recognise that there is a background to it. The facade of 'fiscal federalism' that protagonists are using is just a smokescreen for underlying causes.

Unfortunately, most people are unable to delve deeper into topical issues in Nigeria today because of a kaleidoscope of bigotry, tribalism, regionalism, sectionalism, religion and other divisive sentiments. The politicians who push these narratives understand so well that we suspend our thinking caps when these sentiments are thrown into the mix.

Furthermore, as a people, we are to shortsighted to even contemplate the medium and long term implications of some of the narratives we parrot.

Data is hard evidence, which cannot be controverted. Truth is a tyrant that doesn't campaign for votes. In the end, we shall be confronted with its brutality when reality stares us in the face.

Let's even start by examining what VAT means. VAT is an acronym for Value Added Tax. Operative word is 'Value Added'. So in a chain of operation in the production of a good or service when value is added, or form changes there is an incidence of taxation. However, the protagonists of the imposition of VAT by state governments want us to believe that VAT is wholly a consumption tax. This is very disingenuous, and far from the truth. I will follow up this with the definition of VAT after posting this.

Matter of fact, is that VAT is collected at the point of consumption of goods and services but doesn't make it wholly a consumption tax. In the chain of production, and for the purposes of taxation the point of consumption of a good or service is the end of the spectrum. In between, there are several levels of value addition and supply chain that must have taken place before the final end of the spectrum of consumption. So, for instance, a good consumed in Lagos that wasn't produced in Lagos doesn't mean that all the value and supply chains took place in Lagos. This is the fundamental principle underpinning value added taxation.

Why is VAT collected at the point of consumption? The reason is quite simple, and it is this fundamental principle that the protagonists want to destroy, which will have serious consequences for the economy and people of Nigeria. The reason for collecting VAT at the point of consumption is to prevent a situation of multiple taxation. If you consider a product or service with varying levels of value addition and supply chain, if taxed at every of these levels, the taxes will be unwieldy. Thus, every jurisdiction in the world where VAT is charged has an agreed formula for calculating value addition, which is then harmonised to come up with a single rate across board. Again, this is the principal reason why VAT in any jurisdiction is not imposed by Sub-Nationals or local authorities. I don't know of any jurisdiction in the world where VAT is imposed by Sub-Nationals or local authorities. I challenge anyone who knows to tell me.

The divisive issues thrown into the mix are simply laughable. So a serious issue has been reduced into just the issue of the restriction of the sales of alcohol in some states. I am a beer man, and I truly love my beer. In all my years of drinking beer, the only times I have recalled paying VAT for beer was when I go to some highbrow hotels or clubs. The vast majority of beer sold and consumed in Nigeria is done at roadside bars, 'abeigi', street corner shops and in-house bars. I can also tell you for free that the volume of alcohol consumed in Sabon Gari in Kano will dwarf that consumed Ado Ekiti or Ijebu Ode.

Governor Wike says that he received 2billion monthly from VAT. He failed to tell you how much the local governments in Rivers State receives from VAT allocation from the FGN. For teasers, in 2020, Rivers State contribution to VAT coffers was 42 billion. The Rivers State Government and local governments got a total of 39 billion. That's a difference of 3 billion.

Now to some data for us to have a better understanding of the issue. Proceeds of VAT is shared amongst the 3 tiers of Government after 4% collection charge in the following way:

Federal Government - 15%
State Governments - 50%
Local Governments - 35%

Of the proceeds of VAT the FG and the FCT generates about 61% via imports from the seaports and international airports while the States generate 39%

Of the 39% generated by the States, Lagos and Rivers State generates less than 70%

Now imagine a situation where the courts strikes VAT off the exclusive list. The Federal Government and FCT get to keep their 61% while the States will hussle for the remaining 39%. So, what now happens to the Local Governments where the transactions actually take place

So, in the not too distant future, the States that are enacting their own VAT laws will realise that they were chasing a mirage. The version of 'fiscal federalism', of 'food is ready' mentality obtained from the courts is just a phyric victory. They don't even have the structures the FIRS built over the last 20 years to even be able to collect the VAT.

What will be their reaction in the circumstance? Brace up for thuggish tax collectors. States will enact their own versions of the VAT law to include things like food that were exempt from the federal law. At the point of buying a goat VAT will be paid. At the point of slaughter VAT will be paid. At the point of eating it at a restaurant VAT will be paid. There will be multiple taxation, increased inflation, and the ease of doing business will be more difficult, as well as and cost of doing business will become higher.

Lagos and Rivers States pride themselves as the biggest contributors to VAT collection in Nigeria. This is another mirage. Lagos State for instance enjoys what you can term as 'headquarters effect'. What this means is that for tax reporting purposes companies with headquarters in Lagos file their VAT returns there. For instance, a company like MTN which sells airtime and internet services all across the country file their VAT returns in Lagos. In Rivers for instance, NDDC has its headquarters in Port Harcourt. If it goes to Innosson Motors in Enugu to buy vehicles, it files its VAT returns from Port Harcourt.

Let me end by going back to the background I alluded to in the beginning.

There are two basic things making the state governments to react the way they are now.

1). Local Government autonomy is bitting hard on them. They are finding it increasingly difficult to corner the resources of the LGAs especially with the NFIU breathing down their necks
2). The Governors are angry that the 3% of COPEX in the PIA is going directly to the oil bearing communities. They want it to come to the state governments just like the 13% derivation.

Interestingly, in the agenda there are sub agendas. Some are being blind sided by the sheninighans playing out. Ultimately, there will be many losers, including those cheering for the faux fiscal federalism carved in the image and likeness of the key players.

'Siddon look' mode activated�

Anthony Inaede

The fact that NDDC bought Inosson Vehicles and filed VAT returns in Port Harcourt doesn't change the fact that the VAT was collected by Inosson and remitted to the government of Enugu on behalf of NDDC. The VAT filing is just to trace the VAT collection and remittance.

Moreover, by the time FIRS hands off VAT, such VAT will be claimed by Enugu State government.

MTN, Glo and Airtel would have to review their VAT remittance process to reflect states where the recharges are done to remit the VAT in that order to the appropriate state.

Ngorbungor:
Your write up is educative, but my question is why would Lagos state collect VAT that is meant for other state like in the oil sector that have all their headquarters in Lagos but the their production or service are in the Niger Delta? So how are we going to balance this abnormality

Can you say the products of the the oil producing states that Lagos collects VAT?

Petroleum products are majorly shipped into Nigeria through Lagos, hence Lagos earns the VAT. Oil producing states product is crude oil which they should earn the VAT, if not, they should channel their grievance to Federal Govt.

Whiteshield:
The FIRS can't do anything. You lost in court, you are now behaving like touts. It is this foolishness that made them lose. Instead of employing lawyers, you employ daft ab0kis into FIRS. I even heard that the olodo who they made FIRS Chairman doesn't have ICAN.

There is an obvious lack of intellectualism in the FIRS and lack of commonsense in its leadership.

Must he have ICAN? Are you aware that there is ANAN and CITN? These associations can easily be in lieu of ICAN.

Why call the Chairman of FIRS an "Olodo"?

Lazy state governments across Nigeria. Big ups to Rivers State and Lagos State.

thebosstrevor1:
Southern Christians stop acting like you love arewa Christians aka Northern Christians. Stop pretending, the only reason you support northern Christians is because you want to pit Northern Christians against northern muslims forgetting that they are both from the same ancestry.

During all the destruction spree caused by ipob and odua nation AGITATORS in the south, did it come to your mind that some of the destroyed properties were owned by Northern Christians. You destroyed it all.

Don't come here and act like you love them when every northern that speaks Hausa is aboki in the south, is a terrorist and a fulani herdmen, don't think you can deceive Northern Christians with your false love, we know if you were given the right opportunity, you won't hesitate to massacre the north whether Christian or muslim because you won't know the difference, northern Christians know your trick, they might be United in religion with the south but they can never trust the Southern Christians. As they say blood is thicker than water, no matter our religious differences, we in the north are United.

It is official - you have gone mad.

thebosstrevor1:
Past president Goodluck Jonathan is the reason, you are all suffering today.

Goodluck Jonathan who claimed he walked bare footed all through his life until he became the president of Nigeria, preceded the country when oil was was at its highest price, instead of Jonathan to save, he was busy giving out money to pdp supporters, his tribe men and south easterners, they were balling and importing women from all over the world, organizing party, buying luxury cars, drinking champagne and not saving any money for the future. The goodluck presidency didnt built one single infrastructure. At the end of Goodluck Jonathan presidency, oil price have fallen, he gave Buhari a already depleted foreign reserve, a boko haram crisis which he created and a crumbled Economy.

If Jonathan had saved just like what his minister of finance was telling him, we won't have been in this mess, we wont have been borrowing from the imf, we would have had enough foreign exchange to fight against the fall in oil prices, enough foreign exchange for legitimate business men and better infrastructures.

Anyway, people who are controlled and brainwashed by the media won't see the truth because the media has turned the story to be about Christians and muslims or this tribe against another.

You need to see a psychiatrist, you have serious problem since you are blaming Goodluck Jonathan for Buhari's mess.

Didn't thunder lightening strike anyone in the dream? Maybe you missed that part, please go to sleep again and let's have a better dream.

Passionate888:
This one follow shout sai baba

When did I shout Sai Baba. I have never voted for PMB or advocated for him.

No ex-president of Nigeria was ever so incompetent like PMB. I thought GEJ was the most incompetent until I witnessed PMB.

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Lightway:
People like Dorathy is one of the reason why Nigeria has big problems that can never be solved.

She never mentioned that the officials spoke to her sister and her sister refused to let them in.

In America when the police has a warrant to check your place and you refused to let them in, they will have to break the door.

She wanted to spoil the name of the EFCC and even said that she came out half naked.

Even when EFCC Isaw that what they wanted was not in her house they left immediately and advise her to lock it.

but she came online to spread lies because she wanted everyone to believe that Nigeria is failing

Nigerians are using their own hand to spoil their own country

So when some guys burst your house in the middle of the night/early hours of the day. Once they identify themselves as EFCC at your door, you would just let them in.

This is Nigeria; not USA.

Wonderful suggestion from Ali, isn't that a ridiculous expenditure or business plan in other countries?

Morris101686:
If your AGSMEIS LOAN was DECLINED, you can immediately COMMENCE a FRESH APPLICATION but don't put more than THREE MILLION NAIRA.

IF YOU CAN ADHERE TO THIS, YOUR LOAN WILL BE APPROVED THIS TIME AND IN ONE MONTH OR LESS

DO THIS AS FAST AS POSSIBLE

Those of you looking for a business plan send a message to my Whatsapp line zero 8 1 4 6 0 6 5 6 2 9

Hmmmm. Scammer

I can categorically say that NMFB is a fraud. It was poorly conceived and it's design has been perverted.

It is wonderful to think that CBN, Nipost and Commercial banks are associated to this fraud.

This is a credibility issue for these associates however, NIrsal Microfinance Bank has no credibility.

If you will take none of my words, you should bank my statement in bold alphabets.

I doubt some information on the infographic design. Is exchange rate of $/naira really N381 in 2021?

I noticed that GT Bank has been charging several amounts on my account, I ignored the charges initially because it was not huge amount but the introduction of additional 6.98 naira on *737 made the situation worse. They charge even when the transaction fail.

The total cumulative charges is becoming annoying and I am considering reactivation of some other accounts that I have abandoned with other banks.

I wonder if I am the only one complaining.

Stanleyville:
Is that how you talk to your elders??...

Anyways I since replied your email I don't know if its glo 2G you're using

Elder Sha, I have seen your fake reply young man. I thought you wanted to hit my wallet or you needed to borrow my passport.

Stanleyville:
I am so much interested in your case ...I want to help you..but you are proving stubborn...


Do you have an international passport??

Wetin happen oga overseas? You reconsidered the help since I am no longer stubborn or you forgot. Just trying to understand you.

saphiere:
Apology accepted.

[b]JUSTICE FOR CHIDINMA[/b]

Which Chidinma? Do you mean the murderer

Stanleyville:
I am so much interested in your case ...I want to help you..but you are proving stubborn...


Do you have an international passport??

Okay. We can chat privately. I sent you a DM.

bc1qnsg3lkcgdjkjc0wmyux2egn606exg6tu5r5485

Yes, I have an international passport.

Stanleyville:
Atleast that will guarantee stability and insurance for your family and generation to come.

Yes, especially since you don't have a family or challenges to fix with the money. Make yourself useful to some generations.

Stanleyville:
Stone age man..

Dont you have a wallet acct..lemme transfer Bitcoin

Sell the Bitcoin and pay the naira equivalent into the account. Advanced man!