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Nairaland Forum / Nairaland / General / Politics / Proposed 5% VAT On Online Purchases: Nigerians React (25667 Views)
FG Implements 7.5% VAT On Diesel, Nigerians Kick / Nigerian Customs To Start Charging VAT On Diesel Imports / Senate Okays 7.5% VAT And 6 Other Tax Hikes (2) (3) (4)
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Re: Proposed 5% VAT On Online Purchases: Nigerians React by theenchanter: 1:19pm On Aug 06, 2019 |
golddeejay:pay ur tax so that electricity can be fixed. |
Re: Proposed 5% VAT On Online Purchases: Nigerians React by FarahAideed: 1:20pm On Aug 06, 2019 |
Nemesis909: If I was a dunce I would be supporting Buhari 5 Likes |
Re: Proposed 5% VAT On Online Purchases: Nigerians React by Lukay99: 1:20pm On Aug 06, 2019 |
OlujobaSamuel: can you please explain to us how you are already paying taxes on a #10000 phone? and what percentage is the tax? 1 Like 1 Share |
Re: Proposed 5% VAT On Online Purchases: Nigerians React by Nemesis909: 1:20pm On Aug 06, 2019 |
frenzyduchess: I insist they would soon stop selling paint. Sooner or later a site would cater solely for paint and surely that would run them out of that trade. In any case, nobody would be patronizing a website with such a price difference against what is found in the open market. |
Re: Proposed 5% VAT On Online Purchases: Nigerians React by Nemesis909: 1:21pm On Aug 06, 2019 |
FarahAideed: You already do a good job at it without supporting Buhari. 2 Likes |
Re: Proposed 5% VAT On Online Purchases: Nigerians React by golddeejay(m): 1:22pm On Aug 06, 2019 |
lakesider:to generate money for the budget, let them reduce the cost of government and their salaries, one of the highest in the world. That is leading by example. 4 Likes 1 Share |
Re: Proposed 5% VAT On Online Purchases: Nigerians React by Angelfrost(m): 1:22pm On Aug 06, 2019 |
Nemesis909: Sigh... First off, I take issues with being lumped into the bandwagon scornfully termed "many of you''... I didn't directly nor indirectly castigate the introduction of taxes and tariffs especially on the well used online markets. I merely pointed out an obvious difference between our nation and others regarding the utilization of generated tax revenues. I made a very distinct and unassailable point, except you wish to fallaciously submit that taxes and tariffs have not been generated since Buhari came into office... In previous posts, I have clearly queried the utilization of the extremely high taxes (Trillions if you may) generated in Lagos alone in a single calendar year. So, it's quite untruthful to hold the position that Nigerians are not taxed daily to monthly. Thank you. 4 Likes |
Re: Proposed 5% VAT On Online Purchases: Nigerians React by Nobody: 1:24pm On Aug 06, 2019 |
Nemesis909:Its not about paint, its about how much Nigerians are being cheated by this online stores already because they said we are "paying for it to be delivered to us" now govt wants to add their own. Its online stores that will suffer.i would rather go to the market. 1 Like |
Re: Proposed 5% VAT On Online Purchases: Nigerians React by 9jawear(m): 1:25pm On Aug 06, 2019 |
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Re: Proposed 5% VAT On Online Purchases: Nigerians React by TaminaliaCatapa: 1:25pm On Aug 06, 2019 |
koboko69: In those developed countries you mentioned, peoples taxes are well spent....good roads, stable electricity, portable water et al are to show for it. Trust me, Nigerians won’t give a Bleep if these are in place for them So this is a fvcked up development and should b antagonized....these politicians will surely loot the proceeds thereof 1 Like |
Re: Proposed 5% VAT On Online Purchases: Nigerians React by roundface: 1:26pm On Aug 06, 2019 |
smh theenchanter: |
Re: Proposed 5% VAT On Online Purchases: Nigerians React by golddeejay(m): 1:27pm On Aug 06, 2019 |
theenchanter:Wow! It seems you are been paid to defend the government. So you are not aware of how much looting has happened in Nigeria in the name of fixing electricity. A sane man logic will be get something working first, before taxing people deeper into poverty. 4 Likes |
Re: Proposed 5% VAT On Online Purchases: Nigerians React by Nobody: 1:27pm On Aug 06, 2019 |
maybachmusic: 3 Likes
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Re: Proposed 5% VAT On Online Purchases: Nigerians React by studentofTruth: 1:28pm On Aug 06, 2019 |
Jobac: Study what France is doing. They're doing something similar. 1 Like 2 Shares |
Re: Proposed 5% VAT On Online Purchases: Nigerians React by Nobody: 1:28pm On Aug 06, 2019 |
When will they start taxing cows. Oloriburuku government. Anything to further impoverish the south 3 Likes |
Re: Proposed 5% VAT On Online Purchases: Nigerians React by Nemesis909: 1:29pm On Aug 06, 2019 |
Angelfrost: Should we make such statements in isolation? Most of the first tier European nations which exert a high tax regime today were once purveyors of slave trade and plundering of resources of their colonies. With such easy access to labour and materials, it was even easier for them to focus on other aspects of living such as research and development. No doubt, this is no excuse but we ought to stop making everything a war. We as a people must work together, produce together and project together. 2 Likes |
Re: Proposed 5% VAT On Online Purchases: Nigerians React by Nemesis909: 1:29pm On Aug 06, 2019 |
rafhell: When they start taxing plantain. |
Re: Proposed 5% VAT On Online Purchases: Nigerians React by Nemesis909: 1:31pm On Aug 06, 2019 |
frenzyduchess: So be it. As you yourself said, they were already making astronomical gains. |
Re: Proposed 5% VAT On Online Purchases: Nigerians React by Kenneth10110(m): 1:31pm On Aug 06, 2019 |
theenchanter: For the past four years which good thing has the government brought. Countries with good economies protest to such like this talk less of Nigeria to many Buhari agents on NL. 3 Likes |
Re: Proposed 5% VAT On Online Purchases: Nigerians React by OlujobaSamuel: 1:32pm On Aug 06, 2019 |
Lukay99:The price quote in-store is same with online-store(stores with physical presence like 3c Hub or Slot), when you buy in-store, it states vat-inclusive, so I see no reason why I won't assume that there is vat on what I'm paying for already from same store online. Imagine someone charging me ₦5000 directly from my account just because I bought a commodity of ₦100000 online, it's not a sound policy in my view, also not everyone that make purchases online is knowledgeable about financial terms to know that there is a special charge aside the price display for a product. 4 Likes |
Re: Proposed 5% VAT On Online Purchases: Nigerians React by Nobody: 1:33pm On Aug 06, 2019 |
seunmsg: Nigeria does not have the global political clout to do that, Donald Trump will be offended, and America could revenge. Trust me, we will lose more. 1 Like |
Re: Proposed 5% VAT On Online Purchases: Nigerians React by yaki84: 1:34pm On Aug 06, 2019 |
theenchanter:All the things we bring to the table upon say awa policy makers dey one side dey shake the table, how e take airpus? Abeg sheepft 1 Like |
Re: Proposed 5% VAT On Online Purchases: Nigerians React by winterfell007(m): 1:34pm On Aug 06, 2019 |
Ultimus: Although I dislike this government because of its lack of direction. but we have to admit that advanced countries like the UK, France, Germany and even in some African countries like South Africa, Botswana and even Ghana employ these sort of taxation to raise money for the government to carryout infrastructural development. 2 Likes 1 Share |
Re: Proposed 5% VAT On Online Purchases: Nigerians React by Kenneth10110(m): 1:34pm On Aug 06, 2019 |
koboko69: Its simple don't be a coward come and join us here in Nigeria. So we can pay enough tax to improve our country. 1 Like |
Re: Proposed 5% VAT On Online Purchases: Nigerians React by Lukay99: 1:35pm On Aug 06, 2019 |
FarahAideed: Yes the Government can definitely tax your money multiple times. even though Americans enjoyed some of the lowest taxes among the western countries, they still have to pay income taxes on their salaries, then yearly property taxes on (houses and cars) if they have one, then sales taxes on every single purchase made with their own money. you may call it multiple taxation but every modern day government do it to fund development. American government main source or only source of revenue is through taxation and definitely not from oil like in Nigeria even though America produces more oil than Nigeria The average Nigerian(Black Man) want development but does not want to pay for it 2 Likes 1 Share |
Re: Proposed 5% VAT On Online Purchases: Nigerians React by yaki84: 1:35pm On Aug 06, 2019 |
seunmsg:Nairalanders aayam sorry to say this, but i believe na ONE OF DEM! 1 Like |
Re: Proposed 5% VAT On Online Purchases: Nigerians React by Seyeblessed: 1:36pm On Aug 06, 2019 |
I am not in support of this policy, now before you start talking about people not wanting to pay taxes, consider the following: 1) Most e-commerce websites already include 5% VAT in their charges, if the money is not remitted to the government, then they should take it up with those entities. 2) Appointing banks as collectors will lead to multiple taxations as VAT will be deducted from your account irrespective of whether the online business entity already includes a VAT in the charge. Consumers will end up paying 10% effective VAT per transaction. 3) Did Mr Fowler consider the drive towards a cashless economy before making this pronouncement? One of the benefits of a cashless economy is easy traceability which reduces corruption as the money trail is very easy to follow, what exactly is Mr Fowler's motive? 4 Likes |
Re: Proposed 5% VAT On Online Purchases: Nigerians React by Nobody: 1:37pm On Aug 06, 2019 |
OBAGADAFFI:cc: seunmsg, koboko69 1 Like |
Re: Proposed 5% VAT On Online Purchases: Nigerians React by yaki84: 1:38pm On Aug 06, 2019 |
koboko69:How much is minimum wage bill in the USA pls? 1 Like |
Re: Proposed 5% VAT On Online Purchases: Nigerians React by FarahAideed: 1:40pm On Aug 06, 2019 |
Lukay99: Americans see where their taxes are going but Nigerians can't see a thing the govt does with taxes 3 Likes |
Re: Proposed 5% VAT On Online Purchases: Nigerians React by Detolanny(m): 1:41pm On Aug 06, 2019 |
seunmsg:Mr Man, any item you buy either online or offline (over-the-counter) is already VAT inclusive (you can confirm from any receipt you get from Jumia, Konga, etc). This new VAT imposition will amount to double taxation and any potential buyer will end up paying 10% VAT. This is really going to have an adverse effect on e-commerce as many peeps may likely revert to buying their stuff from brick and mortar stores. If federal govt needs money to fund their 2019 budget, they should review down the bogus/over-bloated pay packages of all these lazy politicians and their retinue of aides. Why is it that the govt still want to be collecting more from the masses without giving back anything reasonable in return. The FG shouldn't compound the woes of the average Nigerian by over-straining our meagre disposable income. 6 Likes |
Re: Proposed 5% VAT On Online Purchases: Nigerians React by winterfell007(m): 1:41pm On Aug 06, 2019 |
Nemesis909: those yam and tomatoes sellers are all paying taxes. it's the local government that is in charge of that. haven't you seen all those staff in uniform going to the markets places to sell tickets to those market women? Isn't It a form of taxation... 1 Like |
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