₦airaland Forum

alanto:
Lol. OP still de take scope disguise.
No be only mommy village. Oloripelebe

Did u just call the op flat headed... Damn the nigga is actually flat headed

Blake755:
After now someone will say bible nah scam

Did Bible talk abt salanga

FuckEveryday:
Omo watching this game, you'll see all the reasons why Messi to ManCity was the right transfer...It'd hv been deadly!

Guardkola could have pushed for Messi signature instead of grealish.

Amodi470:
COPIED FROM : PwC (Price Waterhouse Coopers) website

Nigeria’s VAT facts and figures
1.VAT was introduced in Nigeria via Decree 102 of 1993 and implementation began in 1994. It replaced the sales tax introduced via Decree 7 of 1986. Since introduction almost 3 decades ago, VAT has become the fastest growing tax revenue head in Nigeria displacing PPT (N1.52 trillion) and CIT (N1.41 trillion) in 2020 to claim the top spot at N1.53 trillion.

2.The 1999 Constitution does not mention VAT, Sales or Consumption Tax even though the VAT law predates the 1999 constitution. The omission means it is considered a residual item which falls within the remit of state to legislate on based on S.4(7) of the 1999 Constitution.

3.The VAT act has been amended several times with key changes such as clear definition of exempt items, exemption threshold for small businesses with annual turnover not exceeding N25m, requirement for foreign suppliers to charge VAT, self-charging of VAT, exclusion of rent, land and building from the scope of VAT, etc

4.Over 500 food items are exempted from the national VAT including bread, cereal, fish, milk, fruits, yam and water. In addition, education books and materials, tuition, medical services, shared passenger transport, commercial air travel, and rent are exempted.

5.VAT collection in 2020 was N1.53 trillion out of which about 51% represented import VAT and international services. The top contributing sectors are professional services & telecoms 10.6%, other manufacturing 10.07%, commercial & trading 5.06%, breweries, bottling & beverages 3.90%, transport & haulage 2.84%.

6.Alcohol which is banned in some states contributed less than 3% of total VAT collection

7.Some big sectors contribute very little to VAT revenue due to the nature of their operations e.g. banks & financial institutions contributed 1.62% (because VAT is only charged on a small component of their income such as fees & commission but not on interest or premium), oil marketing contributed only 0.63% given that VAT is not charged on petroleum products.

8.In line with S.40 of the VAT Act, revenue is shared 15% to Federal Government, 50% to States & FCT, and 35% to Local Governments. The principle of derivation of not less than 20% is reflected in the distribution to states and LGs. Although not stated in the VAT Act, other factors used in the distribution are equality 50% and population 30%. There is a 4% cost of collection for FIRS and 2% for NCS in the case of import VAT.

9.States with the highest derivation are Lagos (50.5%), FCT (13.2%), Oyo (2.9%), Rivers (2.7%), and Kano (1.4%). The bottom 32 states contributed only 7% with the bottom 3 being Abia (0.08%), Osun (0.07%), and Zamfara (0.06%). On the other hand, amounts shared by the top states & their LGs are Lagos (14.7%), Kano (3.8%), Oyo (3.2%), Rivers (2.7%) and FCT (2.5%). The bottom 3 states shared Osun (2%), Abia (1.6%), and Zamfara (1.6%).

10.In the early years of VAT introduction, filing and payments were made based on branch locations. This practice was complicated especially with respect to offsetting of input against output VAT. A central system of filing was therefore introduced about a decade ago. This means VAT is currently filed and remitted centrally by companies based on their head office locations. This gives rise to what I call the “Headquarters Effect”. For instance, all the Telcos, Banks, big manufacturing companies, top professional firms etc with head offices in Lagos remit their VAT to FIRS offices in Lagos. This artificially inflates the VAT attributed to Lagos while reducing the VAT revenue attributed to other states. Other major states may suffer the HQ effect to some extent e.g. PH Electricity Disco based in Rivers but serving other states.

 Implications of a States’ VAT regime
1.If states enact their VAT or Sales tax laws, the guaranteed winners will be the federal government in respect of import VAT and international transactions (whether retained by FG only or paid into the Federation account and shared), and the FCT. States that may either lose or gain are Lagos and Rivers due to HQ effect and subject to collection efficiency. Lagos also has to deal with granting input VAT at 7.5% on items sourced by businesses outside the state against the lower output VAT rate of 6%. All other states and 774 local governments will be worse-off, all things being equal.

2.The positions of all states will be negatively impacted by lack of capacity to collect, difficulty in auditing compliance, and higher cost of collection which may be up to 15% especially in states where consultants and other forms of agency structures are used for tax collection.

3.States that have existing consumption tax such as Lagos, Edo and others would have to repeal those laws when introducing VAT or sales tax as to do otherwise would amount to legislating double taxation.

4.Small businesses with turnover not more than N25m that are exempt under the national VAT would have to comply with VAT under the states VAT laws.

5.Penalties for failure to register is as high as N50,000 for the first month and N100,000 for each subsequent month while the fine for failure to keep records to ascertain the correct VAT is up to N250,000. This penalty regime will weigh heavily on businesses especially SMEs such as barbers, hairdressers, tailors, shoemakers, plumbers, bus and taxi drivers, makeup artists, restaurant owners, etc. This further increases the risk of such businesses being harassed and extorted in many states especially those employing tugs to enforce tax compliance.

6.People will pay more, but government will collect less due to inefficiency of collection and leakages. There will be higher cost of goods and services arising from input VAT claim and refund complications in addition to items which are not exempted under the states VAT law such as rent, tuition, processed foods such as amala, suya, jollof rice, and ogbono soup. In addition, there will be incidence of double taxation due to likely conflicts between origination and destination principle in different states. Worse still when the reality of inability to implement VAT hits home many states will inevitably introduce sales tax with its cascading effect.

7.Nigeria’s ease of doing business and paying taxes will deteriorate in view of the multiple VAT compliance and Nigeria’s tax to GDP ratio will decline.

8.Tax practitioners including lawyers and accountants will benefit as the states VAT regime will create multiple fee opportunities to assist taxpayers comply.

9.Local governments will be worse off. Effectively between states and LGs, the VAT revenue split under the national VAT is 59% to 41%. However, states are prescribing lower rates for LGs e.g. Rivers 30%, Lagos 25%.

10.FIRS will lose cost of collection on VAT revenue within states and may have to improve its operational efficiency to sustain current capacity or seek additional funding from the National Assembly which will reduce revenue accruing for sharing to all level of government.

 Conclusions and recommendations
​The connotation that the current VAT controversy will improve fiscal federalism is superficial. Out of the top 7 taxes in Nigeria, 3 accrue entirely to states & local governments (personal income tax, property taxes, and stamp duties) while the remaining 4 (companies income tax, petroleum profits tax, VAT, import & excise duties) are shared to states & LGs at rates ranging from 43.32% from the federation account to 85% from the VAT pool. This is equivalent to 5 of the top 7 taxes accounting for over 95% of tax revenue in Nigeria accruing to states & local governments.

In the US, both the federal and state governments collect personal income tax while sales tax is only collected by states. Land which is a country’s most valuable natural resource is about one-third federally owned in the US while states own less than 10%, the rest are owned by private landowners, tribal authorities and counties. In Nigeria, land is owned almost entirely by states while personal income tax, the top revenue yielding tax head in the world, accounting for about 38% of tax revenue in South Africa, up to 41% in the US and over 30% global average, is entirely collectible by Nigerian states on their residents.

So, efforts aimed at addressing the current challenges need to be redirected. It is not a clash between states and federal government (amending the constitution is squarely within the purview of the National and States Assemblies). *It is also not a North vs South context, the 32 states that will suffer financially cut across all regions. And the impact of certain states sharing VAT from alcohol and spirits which are prohibited within their territories is exaggerated given that such products account for less than 3% of VAT revenue.*

Below are my thoughts on the way forward::
1.Put people first – any outcome that negatively impacts the majority of Nigerians is not the right solution just as we cannot claim to empower the subnational by weakening at least 32 states and all 774 local governments.

2.Address inequity - the current VAT revenue sharing formula among states is not equitable. This inequity should be addressed by allocating any domestic VAT collected from each state entirely to the respective state. Only VAT collected on imports, international services and inter-state transactions should be paid into the VAT pool and shared based on derivation. This will address the current controversy without creating new problems.

3.Give accelerated hearing – this is an issue of utmost national importance and should be accorded the urgency that it deserves by the judiciary and all key stakeholders. The uncertainty created is counter productive for business and tax revenue generation.

4.Redesign the VAT structure - regardless of the outcome of the ongoing court case, a more suitable VAT regime should be developed for Nigeria and clearly spelt out in the constitution. By extension, the tax system is overdue for a holistic review.

5.Avoid reversing progress – even if states are to collect consumption tax going forward, adopting the very old VAT law as we have seen with Rivers and Lagos state is a setback especially with respect to lack of exemption for small businesses, limited scope of exempt items, not addressing the digital economy and business reorganisation. The fact that a state has the legal right to enact a VAT law does not mean it should do so in a hurry. Sufficient time should be dedicated to consultation, stakeholder engagement, capacity building and administrative readiness before enacting the law with a minimum commencement of 3 months after enactment in line with the 2017 National Tax Policy. A model legislation may in fact be developed by the Joint Tax Board.

6.Grow the pie and optimise existing taxes – beyond ensuring equity in sharing the cake, everybody wins when we grow the pie. Creating a conducive business environment to stimulate the economy and creating employment will inevitably lead to more tax revenue for all levels of government. Examples include land reforms, unlocking dead assets and removing impediments to the ease of doing business.

Nigeria’s tax system is in a bad shape, which is set to get worse with the recent developments. To find the right solutions we must correctly define and properly situate the underlying issues to avoid misdirected prescriptions or “cobra effect” where the solution designed to solve a problem ends up making it worse.

Sources of data: FIRS & NBS.

Great write up... Better than the crap that imbecilic op posted.

This your write up is bias even when u claim the opposite, your commentary is so skewed and its general for most Nigerians, why be ur Brothers keeper? This is part of whats made our political and economic structures deviate far from true federalism

I just pass third mainland bridge, I no know when we reach.. Bros this sleep go far... Na must oh 4 city wey we dey. Left home 4.30, got back from work yesternight around 11.50

This country.. Is a ticking time bomb, if drastic measures are not taken..
Same happened to my colleague along Ajah badore road, he was battered, they took his phone and other belongings, the crazy part abt this was, it was in the afternoon.

FalseProphet1:
I see her getting a mouth watering job and a husband in lagos.

This I have seen.

Na dis ur visions go kill u

That woman ate the suya too, so the suya wasn't poisoned from the vendor; that woman probably poisoned her late family member: stating the obvious...

This white people are as corrupt as Africans, that messi pay is over a million weekly, I believe ppl responsible for that deal are using messi name to lace their own sleeves with extra cash, of which messi is privy to.

Nothing wrong with this video.... Not all music videos are made to tell stories.... Seen a lot of top artist videos telling no story... Example is Travis Scott can't say video... Its just there for you to enjoy.... Oga no be movie...

peacekante:
Yea that was a very extensive investigation but we shouldn't rule out the BBC own report where it's journalist was present at the protest ground

present for abt 30mins only

Eteka1:
BBC is giving eye witness report while CNN is echoing propaganda.

you know switch did an IGlive video....

I'm sure you know IGlive videos can't be doctored....
so how are those videos propaganda..
I'm sure you understand the word investigation.

as much as I don't like CNN; that BBC lady gave an account of what she saw only.

slawormiir:
Damnnn niggarrrr
Isoright
All these untalented moda fuckkkers don start again
The only zlatan with talent is Zlatan Ibrahimovic
..
Ogbeni calm down.....grab your weed make you listen to these artiste below.....then make you come back come tell me wether zlatan ibile get talent
j cole
The weekend
Imagine dragons
Jesse jags
Sia
Burna boy
2face
Katty pery
Passenger
Bruno Mars
WizKid( Balogun the big boy)
Avicii( rest in peace)
Twenty one pilot
The Chainsmokers
Dig the kid
Cold play
Khalid
Maroon 5
Calum scot
John legend
Selena Gomez
Post malone( the music wizard)
Ellie Goulding
Christiana aquilera
A great big world
Rita ora
Clean bandit
Dua lipa
Martin garixx
Major Lazer
The night
Edsheeran
Taylor swift
One direction
Lewis capaldi
Sam smith
Ariana Grande
Kehlani
Billie eilish
Camilo Cabello..

two bottles 4 u man

zlatan talented shit.........
crap

thebosstrevor1:
All these keyboard warriors, Nigerian is lenient on you, go and try your nonsense in Russia and china, lets see if you wont be classified as enemy of the state.

they don't practice democracy......

Madibahisback:
You hardly make sense with your comments
I've noticed you since a while now and
Calling you a stupid person is just too abusive

How is it dangote's fault that the salaries wasn't paid , arrangements have been made before the operation goes , definitely it's the construction company or the financial board that is oweing it's (staff) even though these people looks like casual workers.

Keep disguising as if you don't know that there's is corruption in the private sector..

no one said no corruption in private sector... there are and systems are been put in place to keep em at Bay....
dangote group gets report regularly from said contractors, they even send thier in house workers to construction sites for supervision.. so if work is being stalled by protest due to poor and inconsistent payment of workers then dangote group know abt it and most likely are the cause ......

it's almost a normal thing in nigeria big companies and organisations care little or less about their lower wrung workers

saaphiere:
P season.
For sanity sake.

abeg free that man....
it doesn't make sense for the government to control ppls personal lives.....


a man watching porn does not cause harm to his neighbor...

because a group of persons believe porn to be bad... now watching it is a crime...

those law makers are sick in the head

thebosstrevor1:
Attention seeking .

Many Nigerians are like kids, some foreigner is trying to destroy your country and you are busy supporting him. This is the height of mental slavery.

As for those emotional kids trying to destroy someone app all because he has a different opinion, i pity for you.

Nigerian Youths are very ignorant and unenlightened

look at you.... the enlightened one... the great Dalia Lamar.....

the shameful thing is the denial in presence of convicting visual evidence, and the aftermath drama of of the military, babjide, fashola and their likes. it's irritating sometimes when I think about it... even general eneche.... bunch of yeye people...




it's sad that some Nigerians think most of the videos are fake, doctored, reports exaggerated..... even some think it's a ploy against the administration of buhari....


This truth stares at us... no back story or conspiracy theories.....

people wey dey shout don't end SARS. never experience em brutality.... make SARS stop u... u reason anyhow... Dem bleep u asap....
police normally dey fk but SARS own dey on a very different levels abeg.....

saaphiere:
Ten-month-old girl dies 'after being raped by her youth football coach father, 29, who Googled "how do I know if a baby is dead" and waited an hour before calling 911'

A Pennsylvania father has been arrested for allegedly raping his 10-month-old daughter, who later died from her injuries at a hospital.

Austin Stevens, 29, of Providence Township, was charged on Tuesday with aggravated sexual assault, rape of a child, involuntary deviant sexual intercourse, aggravated indecent assault, endangering the welfare of a child and other criminal counts in the death of his baby daughter, Zara Scruggs.

According to a press release from the Montgomery County District Attorney's Office, at around 10.40pm on Saturday, Lower Providence police responded to a home in the 3400 block of Germantown Road to a report of an unresponsive infant.

Officers immediately began CPR on Zara and transported her to Einstein Medical Center Montgomery, where she was pronounced dead less than two hours later.

Police obtained a search warrant to download the contents of Stevens' phone, which revealed that the 29-year-old father had conducted multiple Google searches for nearly an hour before calling 911 to get help for his dying daughter.

The subjects of Stevens' online searches included 'If baby stop breathing,' 'What if you don’t hear baby heart or beat,' 'My baby isn’t breathing,' and 'How do you know if a bsby [sic] is dead,' according to prosecutors.

Stevens also allegedly exchanged social media messages and texts with two women, which failed to mention his daughter's condition.

A search of Stevens' upstairs apartment turned up a diaper Zara was wearing during the alleged rape.

'The diaper was saturated with blood,' the press release from the DA's office stated.

An autopsy determined that the baby girl, who had just learned how to walk, sustained anal rectal trauma and blunt force trauma to the head.

'This case is deeply disturbing. It is hard to imagine this child’s death being any more traumatic: sexual assault on an infant, followed by inaction by the father to save her life, led to her death,' said Montgomery County District Attorney Kevin Steele, calling the crime 'heinous'.

Stevens is being held at the county jail on $1million bail pending a preliminary hearing set for October 13.

Social media posts indicate that Stevens is the co-owner of a construction company, reported ABC6. He also served as an assistant coach for the Lower Providence Warriors youth football team.

Stevens had a joint custody agreement with Zara's mother, according to authorities. As NBC10 reported, the baby's maternal grandparents were among the last people to see her alive when they placed her in her father's car so he could take her to his apartment for an overnight visit.

Erica Scruggs, the baby's mother, took to Facebook on Tuesday, writing: 'I’m not okay. I really have no words ... He will pay.'

Meanwhile, Zara's relative has launched a GoFundMe page to help her grieving mother. The fundraiser so far has drawn more than $28,000 in donations.

'She sparked so much joy,' the organizer of the campaign wrote in the description. 'She was smart. She was silly. She was sassy. She was perfect. She was a beautiful baby and brought so much beauty into hundreds of lives.'

https://www.dailymail.co.uk/news/article-8816307/Ten-month-old-girl-dies-raped-father.html

me I go just Sidon, light my cigar bone my face... this one no be matter wey I dey chook mouth

ceragon123:
There comes a time
In every man's life
Where he's got to face
The truth no matter what

We are coming to you, Father
With our sins and everything
To thank you

Those that smoke marijuana
Wanna thank you, Father
For making it grow internationally
They wanna thank you, Lord
Even though police cut it down
Sometimes they burn it down
But it grows again
Thank you, Father

We wanna thank you father
For everything you've given us

real niggar.....
we thank the Lord with our voices raised in so much praise to his holy name for his wondrous works and for the beautiful gift of janja

AreaFada2:
Does it mean that we have no factories that can process it to extract canabinoid from it for medicinal or other uses?
Why waste it all?

the highness from THC(tetra hydro cannabinol) alone will so mess anyone up.. that's why the leaves are better cos of the coinhibitors and little % of thc present in it.

extraction of cannabinoid from the leaves can only be used for medicinal purposes and in very little quantity .

CodeTemplar:
The amount of focus it denies the takers is of more value.

so alcohol doesn't deny it's takers any focus..

make una dey jonz unaself...

ppl wey never smoke weed b4 can make assumptions based on hearsay... Nawa 4 u bros

sweetrace:
What a job well done. Please look for more farms and destroy them. Kogi state is one of the poorest states in Nigeria with thugs harassing innocent people. If they are growing it for medicinal purposes, they should obtain the right permits from the right quarters. Imagine trying to make impoverished people poorer by taking away their zeal to work because some thieves want to become billionaires within a year! Burn the farms down!!!!!!!

funny this man thinks its easy to farm marijuana... man it ain't easy at all, the work that goes into it is enormous but highly rewarding.
na did kind people dey think sey yahoo easy, dey call yahoo boys lazy.

why nau� this one no dey alright...

nawa 4 did ndlea.... wetin mj do them... but no lele weed is very much in circulation... war against Janja can never be won...

GLYCOLYSISS:
The mystique statue is another femi-centric ideology promoted by the society and generally, women, to uphold women in high standard.
There's absolutely nothing mysterious about women, their dual mating strategy, hypergamous nature, innate solipsism, nature and idea of love, just to list a few are the core of women mystique promoted in the society.
Once you understand these concepts, your perception of women will change forever !
A rude awakening, and there's no going back .
Sad and depressing reality.

True yarn bros...

2 bottles for u

nextstep:
I'm not sure you understood my post. I don't deny that packaging is important. What I did say is that the lack of good packaging is typical for a manufacturing company at this stage in its life. It's ironic that you think I'm not a business man.

If you look at companies like Kia, Samsung, and LG (Korean companies), you'll see that they've evolved their packaging over our lifetime. They used to look absolutely terrible 30 years ago (in comparison with slick American and Japanese companies), but now they are some of the most sophisticated around. Same for Japanese and (more recently) Chinese companies.

Packaging definitely helps sell products by many orders of magnitude, no doubt. But it's the reputation of how well products work that gives companies lasting power. With the fixed, shallow pockets of younger companies, it's often better to spend on the quality of the product, than on the packaging. If people are fooled by your slick packaging, they won't be buying your product again if the quality/cost is not there. In fact, they will actively advise others not to buy, despite the packaging.

We do have a saying: "don't judge a book by its cover", and there are reasons for that.

That's not true,
design and packaging has always been trending among manufacturing companies.
salon cars follow a particular kind of design.
gt cars follow a particular kind of design.

funny enough Korean cars have always look fancier than their German and american counterparts. quality was their major issue which they've worked on.

joepepsy:
You are not a business man,packaging can make a deaf man buy hear piece, why do most company spend fortunes on advertisement?if you know the important of packaging you won't spill this rubbish, see lagos a glorified ghetto but most expensive to live,guy it packaging, there's nothing in lagos.

Bros preach

Educate them, they know nothing, to further iterate this brilliant reaction, there are companies whose Sole biz is design and packaging. and one nairalander Sidon for house type sey packaging no dey important. no wa for am

joepepsy:
You are not a business man,packaging can make a deaf man buy hear piece, why do most company spend fortunes on advertisement?if you know the important of packaging you won't spill this rubbish, see lagos a glorified ghetto but most expensive to live,guy it packaging, there's nothing in lagos.

Bros preach

Educate them, they know nothing, to further iterate this brilliant post, there are companies whose Sole biz is design and packaging. and one nairalander Sidon for house type sey packaging no dey important. no wa for am

[quote author=Infogetong post=94602223]I see Nigeria becoming an industrialized Nation, and this is how it begins, what is holding us back are those political lions embezzling the nation's wealth. I believe God will take care of them soon.

Tipical post of a religious bigot, always waiting for God to come solve their problems.
This mentally is common to a large chunk of the Nigerian populace. little wonder this country will continue to remain in this shitty state: as many of her citizens don't want to be proactive..
This is so sad. �

MICHEALADEX:
What's special about car park?


So that's a new achievement now for a manufacturing company. People posting this stuffs should stop feeding people junks

Bros na to sidon dey look them, wetin dem dey celebrate for here Na, Nigerians can celebrate nonsense, he's a business man na, this is just a little step in the right direction.