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FG Replaces Stamp Duty With N50 Electronic Transfer Levy - Politics (3) - Nairaland

Nairaland Forum / Nairaland / General / Politics / FG Replaces Stamp Duty With N50 Electronic Transfer Levy (36453 Views)

Amid VAT Saga, States Sue FG Over Sharing Of Stamp Duty Revenue / FG Replaces Controversial RUGA With New Scheme, Begins Camps In Six States / FG Introduces Stamp Duty On House Rent Agreement, C Of O, Others (2) (3) (4)

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Re: FG Replaces Stamp Duty With N50 Electronic Transfer Levy by 234GT(m): 4:15pm On Jan 09, 2021
Tokunbo Cars will be cheaper. That is good news to me.
Re: FG Replaces Stamp Duty With N50 Electronic Transfer Levy by GhostWisperer: 4:23pm On Jan 09, 2021
Zoo of a country. Banks still charge stamp duty even after the court of appeal had outlawed it.

Till yesterday they were still charging in deliberate disobedience of the law. Now the federal government is going on to act as if it weren't aware.
Re: FG Replaces Stamp Duty With N50 Electronic Transfer Levy by CodeTemplar: 4:36pm On Jan 09, 2021
BusinessCity:
85% for states nice one. But where would the funds be channeled into?

I would have advocated a 100 - 500 billion per annum infrastructure wallet where the funds would be deposited and the funds are used to execute infrastructural development directly into states rather than deposit the funds directly to the states account where it can be mismanaged or misused or channeled into less effective uses.
No matter the route the money comes through, once it is time to spend it, it becomes open to corruption. Fight corruption wholeheartly and stop doing inflated projects in Katsina and Kano.
Re: FG Replaces Stamp Duty With N50 Electronic Transfer Levy by iwaeda: 4:36pm On Jan 09, 2021
[quote author=JrTahir post=97886220][/quote]

Every avenue to steal from the people and so many people are still sounding the bell of this thieving government.
Re: FG Replaces Stamp Duty With N50 Electronic Transfer Levy by SocialJustice: 4:36pm On Jan 09, 2021
BusinessCity:



No. It will also be directly sent through institutional means to independent contractors and be administered by NGOs
Lol, as if, sorry but you sound ignorant of the rot in Nigeria. NGO won't change anything and government will always mismanage through contract inflation. Even NGO will collect their share of the loot. cheesy
Re: FG Replaces Stamp Duty With N50 Electronic Transfer Levy by BusinessCity: 4:37pm On Jan 09, 2021
CodeTemplar:
No matter the route the money comes through, once it is time to spend it, it becomes open to corruption. Fight corruption wholeheartly and stop doing inflated projects in Katsina and Kano.




Contractors send quotes. Independent NGOs screen. Upon approval, funds are channeled to contractors. Upon receipt of funds,contractors send materials





Re: FG Replaces Stamp Duty With N50 Electronic Transfer Levy by BusinessCity: 4:38pm On Jan 09, 2021
SocialJustice:
Lol, as if, sorry but you sound ignorant of the rot in Nigeria. NGO won't change anything and government will always mismanage through contract inflation. Even NGO will collect their share of the loot. cheesy


Codes will replace the companies bidding so it's just records that are evaluated. No one knows the screening board or they are elected by the public.
Re: FG Replaces Stamp Duty With N50 Electronic Transfer Levy by Rugaria: 4:41pm On Jan 09, 2021
These guys are desperate to loot our savings...
Re: FG Replaces Stamp Duty With N50 Electronic Transfer Levy by cassyrooy(m): 4:47pm On Jan 09, 2021
iwaeda:


https://www.google.com/amp/s/tribuneonlineng.com/fg-replaces-stamp-duty-with-n50-electronic-transfer-levy/amp/
for the first time I'm seeing a very huge window for entrepreneurial minded people.


Let this administration fix security o
Re: FG Replaces Stamp Duty With N50 Electronic Transfer Levy by SocialJustice: 4:51pm On Jan 09, 2021
BusinessCity:



Codes will replace the companies bidding so it's just records that are evaluated. No one knows the screening board or they are elected by the public.
Please stop dreaming and face reality.
Re: FG Replaces Stamp Duty With N50 Electronic Transfer Levy by lexy2014: 4:52pm On Jan 09, 2021
BabaO2:
This government and their economic advisers are just too daft for my liking.
What they have done only confirmed that stamp duty is not a necessary charges to be made, but just an extortion. Same way they initially imposed ₦50 charges on POS usage, later changed it to above ₦10000 payment transactions before they eventually cancelled it after about 3 months. Where is the money errorneously collected for over 3 months?

Fact of d matter is that d govt is looking for more& more ways to put d burden of governance on d shoulders of d people. It's like a father imposing fine on his kids in order to finance d running of d family. Buhari is a beneficiary of d huge waste that goes on in govt. because he is a beneficiary, he has refused to stop d waste despite acknowledging it during his campaign & promising to stop it. This is d integrity they talk about. Now nigerians have to continuously finance d rabid overbloated needs of those in govt
Re: FG Replaces Stamp Duty With N50 Electronic Transfer Levy by SunnyOgirima(m): 4:53pm On Jan 09, 2021
am seriously in need of hp laptop,, Intel core, 4gb ram, web cam,, 35-40k, am in kogi state
Re: FG Replaces Stamp Duty With N50 Electronic Transfer Levy by lexy2014: 4:54pm On Jan 09, 2021
BusinessCity:



Codes will replace the companies bidding so it's just records that are evaluated. No one knows the screening board or they are elected by the public.

Pls, which planet or galaxy are u from?
Re: FG Replaces Stamp Duty With N50 Electronic Transfer Levy by NnadyAutos: 4:57pm On Jan 09, 2021
This will bring down cost of imported vehicles in Nigeria, with bad effect on locally produced vehicles as it will be cheaper to import than to buy locally made vehicles.
Re: FG Replaces Stamp Duty With N50 Electronic Transfer Levy by Yankee101: 5:00pm On Jan 09, 2021
Aneg when the 5% import levy for cars go begin?
Re: FG Replaces Stamp Duty With N50 Electronic Transfer Levy by emetisuccess(m): 5:01pm On Jan 09, 2021
These guys can steal for a living
Re: FG Replaces Stamp Duty With N50 Electronic Transfer Levy by Evidenx(m): 5:02pm On Jan 09, 2021
Las las, na to build safe room for my house.
Make FG come collect levy weh go kill their head for my house.

1 Like

Re: FG Replaces Stamp Duty With N50 Electronic Transfer Levy by Yankee101: 5:03pm On Jan 09, 2021
'Compensation for loss of office up to N10m exempted from capital gains tax'

Politicians taking care of themselves as usual.
Re: FG Replaces Stamp Duty With N50 Electronic Transfer Levy by ezewealth(m): 5:13pm On Jan 09, 2021
[quote author=iwaeda post=97884076]

https://www.google.com/amp/s/tribuneonlineng.com/fg-replaces-stamp-duty-with-n50-electronic-transfer-levy/amp/[/quote
Does that mean DAT someone can now buy car at cheaper rate. Because this year I am going to be a car owner whether d devil wants it or not
Re: FG Replaces Stamp Duty With N50 Electronic Transfer Levy by AshipaEk0: 5:24pm On Jan 09, 2021
longetivity:
if I catch bubu I swear I go do am strong thing


You can't do more than a hanging chemise.

Shishi you can't do grin grin
Re: FG Replaces Stamp Duty With N50 Electronic Transfer Levy by AshipaEk0: 5:25pm On Jan 09, 2021
NnadyAutos:
This will bring down cost of imported vehicles in Nigeria, with bad effect on locally produced vehicles as it will be cheaper to import than to buy locally made vehicles.

When it was high how many local vehicle did you buy?

1 Like

Re: FG Replaces Stamp Duty With N50 Electronic Transfer Levy by Chirowman(m): 5:28pm On Jan 09, 2021
Wahala oooo It's just a change of name.i swear sometimes I feel like asking people not to pay into my bank account.sometimes this 50 naira deduction do reach 2 to 3k a day , whether you send or they send to you .first Bank has pass mark for fast deduction .
Re: FG Replaces Stamp Duty With N50 Electronic Transfer Levy by 2sexycom(m): 6:19pm On Jan 09, 2021
Onepeople:
what are you still doing here in Nigeria? Y don't use yourself and your family members to complete the remaining slot?
grin grin grin grin grin grin grin
Re: FG Replaces Stamp Duty With N50 Electronic Transfer Levy by Lamanii22(f): 6:19pm On Jan 09, 2021
Onepeople:
what are you still doing here in Nigeria? Y don't use yourself and your family members to complete the remaining slot?



����
Re: FG Replaces Stamp Duty With N50 Electronic Transfer Levy by jamesbridget13(f): 6:30pm On Jan 09, 2021
I don't understand o. If I transfer 10k they will charge me 50 naira or is it d receiving acct they will charge?
Re: FG Replaces Stamp Duty With N50 Electronic Transfer Levy by Zurich1844(f): 6:52pm On Jan 09, 2021
Onepeople:
what are you still doing here in Nigeria? Y don't use yourself and your family members to complete the remaining slot?
You dey mind the thief? Ekperima
Re: FG Replaces Stamp Duty With N50 Electronic Transfer Levy by balingaonline(m): 7:06pm On Jan 09, 2021
iwaeda:


https://www.google.com/amp/s/tribuneonlineng.com/fg-replaces-stamp-duty-with-n50-electronic-transfer-levy/amp/

they said it will commence on January 2021 but Bank has been deducting it from our money na, they spoil money for especially we mobile money operators
Re: FG Replaces Stamp Duty With N50 Electronic Transfer Levy by Blackdisciple(m): 7:06pm On Jan 09, 2021
They will never do something the common man will benefit ... never
Re: FG Replaces Stamp Duty With N50 Electronic Transfer Levy by blackboy(m): 7:08pm On Jan 09, 2021
To import will be cheaper I hope the clearing will be easy.

It's a good one but let's hope corruption wont kill this good idea.

Customs who burnt smuggled rice. Who does that? Why not account for it and send to Humanitarian services.

FG is trying but....corrupted govt officials dont want to change
Re: FG Replaces Stamp Duty With N50 Electronic Transfer Levy by BusinessCity: 7:35pm On Jan 09, 2021
lexy2014:


Pls, which planet or galaxy are u from?



Hahahahahahahahaha grin
Re: FG Replaces Stamp Duty With N50 Electronic Transfer Levy by BusinessCity: 7:35pm On Jan 09, 2021
SocialJustice:
Please stop dreaming and face reality.


Sorry I ain't resigning my fate to misery

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