Beautifulminde3:

Ode go and study the maps I posted gas fields were dotted also with the pipelines

Are you blind or something? Check the picture on the left below around warri, that is exactly where the gas lant is, and that is what feeds Lagos pipelines and not your gas in imo or somewhere

Beautifulminde3:

Ode go and study the maps I posted gas fields were dotted also with the pipelines

Check the pictures below also and see where Escavous Lagos pipeline gets its gas.

Ikinternational:
You mean the majority of VAT comes from states the FG have spent enormous resources over the years developing their infrastructure?

You don't mean it. I find the results absolutely shocking.

First, try and understand what they mean by VAT.

Gracchus:
Check the pictures below also and see where Escavous Lagos pipeline gets its gas.

Igbo land doesn't end in southeast, most of the gas supplying fields to Escavous pipeline is located in Igbo land, Gas in Assa in Imo state is the hope of millions of people in west and other areas, you will pay through your nose when Nigeria separate
Kindly read

jumper524:
We go soon realise say rivers dey overrated.
Make jungle mature first..

Abeg what state are you from? If you are not a true indigene of Lagos then shut your mouth. Besides Lagos which we all know is at advantage because FG makes it that way, show me which other state can be compared to Rivers?
Kano with almost 3 times the population of Rivers counldnt generate more vat than Rivers. As for the anambala chest beaters I spit on them.

YorubaHero12:


Shut up!

SE are parasites, you contribute nothing.

Where are the revenues from the Onitsha port? Abi na audio?

Foolishness is worrying you. Are you the custom. Okpo.http://www.nan.ng/news/fg-to-inaugurate-completed-baro-inland-water-port-in-august/ you can read for once in your life. Ode. All the revenue of the custom is from Igbo businesses.

GamalNasser:


When people place orders for my products they are charged VAT right from the proforma invoice and when they pay I remit the VAT to the Tax authorities here in Lagos because but in reality the VAT was borne by the last user in some other state ...It's clear you have been living a subsidized life all your life , you have never paid any tax I suspect except maybe PAYE if you have proper job and not all these subsidized political aide job ..Have you ever ran a proper business before so?

You are confused .

VAT is an unending thing.
Even when you finish with the product and throw it in the bin. Removing the bin is value addition and may attract VAT

Imported Goods e.g from UK may contain VAT that was PAID to UK government through UK companies.
Infact a single product sold in Nigeria could have gone through processing leading to VAT charges paid in multiple countries

Just like exported goods from Nigeria may contain VAT paid in Nigeria

The end user in Nigeria or wherever pays ultimately but that is irrelevant for VAT ATTRIBUTION

. So ONCE AGAIN. that end user remark is ABSOLUTELY WRONG

The key issue is where is the business charging the VAT located

omonnakoda:


You are confused .

VAT is an unending thing.
Even when you finish with the product and throw it in the bin. Removing the bin is value addition and may attract VAT

Imported Goods e.g from UK may contain VAT that was PAID to UK government through UK companies.
Infact a single product sold in Nigeria could have gone through processing leading to VAT charges paid in multiple countries

Just like exported goods from Nigeria may contain VAT paid in Nigeria

The end user in Nigeria or wherever pays ultimately but that is irrelevant for VAT ATTRIBUTION

. So ONCE AGAIN. that end user remark is ABSOLUTELY WRONG

The key issue is where is the business charging the VAT located

When it comes to VAT every region bears it's pound for pound , no region is doing more than another pound for pound

GamalNasser:


When it comes to VAT every region bears it's pound for pound , no region is doing more than another pound for pound

You are not communicating

The fact is that Lagos generates more than half of the VAT

"Bearing it" is a construct with meaning best known to you

Many things imported into Nigeria are priced with VAT paid in the places of origin.

Shipping a container from Holland will attract VAT to the
Cost of shipping
Insurance
Etc. Every single value addition activity OUTSIDE NIGERIA
PAID IN HOLLAND
The cost is borne in Nigeria. SO WHAT?

The end user in Nigeria ultimately pays
SO WHAT?
That is not a relevant detail as far as VAT collection is concerned.

Vat is just a function of population, don't make it look like a big deal

[s]

Kinematics:

Abeg what state are you from? If you are not a true indigene of Lagos then shut your mouth. Besides Lagos which we all know is at advantage because FG makes it that way, show me which other state can be compared to RiversKano with almost 3 times the population of Rivers counldnt generate more vat than Rivers. As for the anambala chest beaters I spit on them.

[/s]


Hahahaha

Slum dweller from the shithole PORT HARCOURT. You just dey resume crying for this forum. Rivers state is an overhyped jungle. Even NBS report recently released shows that there are more people in Rivers state than Anambra. Even poor Osun state has richer people. More pictures threads of your cursed poverty inflicted PORT HARCOURT coming.

ChimaAdeoye:
[s][/s]

I typically ignore people deliberately trying to be deceitful. However to expose your deceit to those who don't know, please respond yes or no if the VAT being discussed are on made in Nigeria products or imported goods?

If it's on imported goods, then was it collected at the point of entry into Nigeria or was the VAT a sales tax collected at the place of sale where the product was sold, as practiced in normal civilized countries?

Now you can see through your thinly packaged deceit. You collect extra duties on imported goods and call that VAT. Only for the same goods to be loaded on a container truck and shipped to Onitsha main market where the final consumers pay extra money on it because of your VAT!

Now, everyone sees why you have struggled to kill any entry port (seaport or airport) in the SE and SS from functioning.
Yeye dey smell.

Import duties are collected by the Customs

VAT is collected by businesses.

They are COMPLETELY different things

A butcher butchers a cow and sells the parts . He has ADDED VALUE. That activity attracts VAT which the butcher should pay

A restaurateur buys meat from the butcher to sell in her restaurant. Another layer of VAT collected and payable by the restaurateur

An importer brings in a container and pays duty to the Customs.

He now keeps the goods in a warehouse in Lagos he pays the warehouse owner for that and pays VAT for that service.
He transports the container to Abuja tha is another service that attracts VAT. That would be reckoned to wherever the transport company is registered e.g it could be registered in Kwara state even though the goods move from Lagos to Abuja that VAT is reckoned to Kwara.
A brewery adds value at its plant in Lagos VAT charged in Lagos
Hotel chills the beer in Calabar VAT added charged in Calabar. Completely different things
The company is responsible for paying VAT to the FIRS

Summary VAT has NOTHING to do with import duties

Hun

okeyglm:

Foolishness is worrying you. Are you the custom. Okpo.http://www.nan.ng/news/fg-to-inaugurate-completed-baro-inland-water-port-in-august/ you can read for once in your life. Ode. All the revenue of the custom is from Igbo businesses.

You are a liar. I will bring the statistics for the source of revenue from the port and you will be silenced.

Beautifulminde3:

Ode the VAT is it your kinsmen that contributed to it, check this below tell me what Yorubas contributing, I just pray this country will divide for you guys to see how empty you are, you don't even have gas to power your region, everyday you guys rant over the tax revenue because they use Lagos as headquarter but you guys are so dumb to know gas that power those three power plants in Yoruba land doesn't come from your region, I just pray quick desolation of this country then you will know the real meaning of barren

If not the companis own by others, tel me what Yoruba contributing? These are top firms that contribute to Nigeria tax revenue, mind you GTBANK is UK firm

Shut up. SE are the poverty capital of the south.

Do you want to tell me those banks are not in other region? Is UBA only domiciled in the SW? Why are they not generating the same source of revenue from the SE?

SE is a barren land that can’t generate nada.

Yoruba have the ability of attracting foreign investments, of Nigeria break up, it will only give other foreign players the ability to come and invest in the Yoruba region and that will complement our local investors.

Barren SE can’t get any patronage coz even your own people are running away from your land like it’s a war torn area.

YorubaHero12:


Shut up. SE are the poverty capital of the south.

Do you want to tell me those banks are not in other region? Is UBA only domiciled in the SW? Why are they not generating the same source of revenue from the SE?

SE is a barren land that can’t generate nada.

Yoruba have the ability of attracting foreign investments, of Nigeria break up, it will only give other foreign players the ability to come and invest in the Yoruba region and that will complement our local investors.

Barren SE can’t get any patronage coz even your own people are running away from your land like it’s a war torn area.

Ode check bank deposits for all states, Igbo states beat all states in southwest minus Lagos no man's land, I guess spirits are the ones depositing the money in Southeast, since all Igbos are running away from east, empty ewedu brain