Please go an listen to pwc tax consultant on channel tv . LAGOS COLLECT 60 OF VAT IN NIGERIA BECAUSE 90 percent of the coperate head quarters of companies in Nigeria is located there .meaning all vat collected by MTN in Nigeria for ever recharge card bought by all Nigerian within 925000 sqm of land called Nigeria is ware house in Lagos MTN head office .So it doest mean all the vat is generated by consumption in Lagos. It goes to everthing if i drink multina in kano the vat is in Lagos ,if i buy airpeace ticket in Sokoto vat is in Lagos.

These are the issues I have have raised here for years but people can't get over the emotions ...To say Lagos generates 70 percent of VAT in Nigeria is saying Lagos consumes 70 percent of goods and services in Nigeria ... Well the FIRS of babatunde Fowler caused this confusion when it's started using a poorly thought out methodology to publish VAT collection by states ....

If i buy Samsung phone from Samsung shop in kaduna and Samsung head quater is located in Lagos it mean the VAT is ware house in Lagos but the actual consumption happen in kaduna .. LAGOS will be shocked at it false assumption. If bornu state buy maikano generator the vat us in Lagos head quaters of maikano generators. So going forward each state will request vat from sales for use in it state . Lagos vat figures will nose dive to to 20 percent or less for the current 60

SarkinYarki:
These are the issues I have have raised here for years but people can't get over the emotions ...To say Lagos generates 70 percent of VAT in Nigeria is saying Lagos consumes 70 percent of goods and services in Nigeria ... Well the FIRS of babatunde Fowler caused this confusion when it's started using a poorly thought out methodology to publish VAT collection by states ....

the over educated people of southern Nigeria in action they don't know that if i buy Maggie from nestle in zamfara the vat is ware house in the vat accounts of nestle in ogun or Lagos but actual consumption happen in zamfara. Yeye people

The million of LG tv ,a.c ,phone etc used by Northern Nigeria has it vat deducted and house in L.G (founi) Big ltd accounts located in Lagos the firs will not be going up and down to ever LG shop to check sale but from the mother accounts at the HQ. So if all state must collect vat all LG tv sold in kano,enugu must be paid to the state against false collections by Lagos .

Lagos g

What’s this desperation by a certain section of the country to downplay and pick holes in the VAT generated from Lagos state? What exactly is the aim of all these silly threads?

Are you guys for or against states collecting VAT as against FIRS? If we’ve all agreed in the south to support the move, why the unnecessary campaign against Lagos state? What’s the end game? You guys really need to cool down this nonsense and stop getting your priorities mixed up.

If the current VAT judgement is sustained, Lagos will earn nothing less than N500billion annually from VAT alone and there is nothing you haters can do about it.

Imagine all the beer drank in kaduna ,jos ,benue made by nigeria breweries in IGAMU Lagos imagine all the cigarate smoke in northern Nigeria made by b.a t ibadan all the vat is ware house in Lagos and ibadan .is daft people called Nigeria located in the south will sit and call other parasites when common sense they don't have .....if I buy a bottle of coke the vat is located in where the company HQ is which is Lagos. Mumu people think is only Lagos people they drink coke .

Educationalserv:
The million of LG tv ,a.c ,phone etc used by Northern Nigeria has it vat deducted and house in L.G (founi) Big ltd accounts located in Lagos the firs will not be going up and down to ever LG shop to check sale but from the mother accounts at the HQ. So if all state must collect vat all LG tv sold in kano,enugu must be paid to the state against false collections by Lagos .

We are all saying same thing VAT now I'm your states so that we can know who is who

Kano Generated N2.8 Billion in VAT and kept Everything meanwhile Lagos had to give 90% of its Generated VAT to FG is that fair ?

christistruth01:

Kano Generated N2.8 Billion in VAT and kept Everything meanwhile Lagos had to give 90% of its Generated VAT to FG is that fair ?

very fair cos kano people buy items that it vats is paid in Lagos so the monies Lagos is taking about belong to other. If i buy Samsung tv in kano from shoprite the vat is hanging in Lagos. Cos the tv is in use in kano .So Lagos must send that cut ..so all the items vat in kano was consume locally in kano.

mrvitalis:

We are all saying same thing VAT now I'm your states so that we can know who is who

it too firs 28 years to achieve this feat .the state have been incapacitated to collect v.a.t they can't access company accounts,can get import figures easily .how can kano state determine all the pepsi sold in kano made by Nigeria bottle companies located in ijora Lagos . U want kano state to send state to Lagos to count inventories or the company will honestly send vat of it collection belonging to kano from Lagos.

Educationalserv:
it too firs 28 years to achieve this feat .the state have been incapacitated to collect v.a.t they can't access company accounts,can get import figures easily .how can kano state determine all the pepsi sold in kano made by Nigeria bottle companies located in ijora Lagos . U want kano state to send state to Lagos to count inventories or the company will honestly send vat of it collection belonging to kano from Lagos.

Your state can't contact FG to do it for them na
..allow people who have the capability to do it

If u don't want to grow people want to grow

If they haven't develop capability in 28 years when would they ?

All the vat collected by the bank are warehouse in Lagos head office .doesn't mean all the transcation happens in Lagos .example of open use his zenith bank accounts in aba to pay for a purchase and vat is charged this is ware house in zenith vat accounts in HQ Lagos but the consumption happens in Lagos. Some mumu people are shouting they contribute 70 percent

mrvitalis:

Your state can't contact FG to do it for them na
..allow people who have the capability to do it

If u don't want to grow people want to grow

If they haven't develop capability in 28 years when would they ?

Lagos state cannot impartially collect vat on tv sale by LG that is ware house in Lagos but sold in kaduna and honestly sent the vat to kaduna .they will keep shouting na our money with their agbero character.

seunmsg:
What’s this desperation by a certain section of the country to downplay and pick holes in the VAT generated from Lagos state? What exactly is the aim of all these silly threads?

Are you guys for or against states collecting VAT as against FIRS? If we’ve all agreed in the south to support the move, why the unnecessary campaign against Lagos state? What’s the end game? You guys really need to cool down this nonsense and stop getting your priorities mixed up.

If the current VAT judgement is sustained, Lagos will earn nothing less than N500billion annually from VAT alone and there is nothing you haters can do about it.

...and you think a Southerner opened the thread, right?

It is a welcome decision by many. Put your emotions in check sometimes, seun

You can also apply same vigour on the thread below:-

THREAD

Educationalserv:
Imagine all the beer drank in kaduna ,jos ,benue made by nigeria breweries in IGAMU Lagos imagine all the cigarate smoke in northern Nigeria made by b.a t ibadan all the vat is ware house in Lagos and ibadan .is daft people called Nigeria located in the south will sit and call other parasites when common sense they don't have .....if I buy a bottle of coke the vat is located in where the company HQ is which is Lagos. Mumu people think is only Lagos people they drink coke .

Stop talking jargon. When you buy anything from beer to television, to mtn cards in Kano state, you pay vat on those products at the point of purchase which goes into Kano state coffers if the states care to tax the seller. Those companies that supplied those products from Lagos to Kano then pay their own vat to Lagos state. No state collects any vat money that goes to other states. Stop misinforming people. The good thing now is that no more state vat collected funds will go to the federal coffers. VAT your people in yoru state and pocket the money, while my own state VAT our people and pocket the money too. Why do you still complain?

I suspect the Op is either a Southern saboteur or a descendant if boko haram, because no reasonable advocate of true federalism would be against what Wike is pioneering. Ignoramus like him need to stop making this about Lagos VAT collection. This goes beyond Lagos or Rivers.

Biafman:

Stop talking jargon. When you buy anything from beer to television, to mtn cards in Kano state, you pay vat on those products at the point of purchase which goes into Kano state coffers if the states care to tax the seller. Those companies that supplied those products from Lagos to Kano then pay their own vat to Lagos state. No state collects any vat money that goes to other states. Stop misinforming people. The good thing now is that no more state vat collected funds will go to the federal coffers. VAT your people in yoru state and pocket the money, while my own state VAT our people and pocket the money too. Why do you still complain?

you be dundee .If u pay 1500 for mtn card in kano the 75 naira vat goes to kano account .werey .it goes back to mtn Nigeria vats accounts domicile in Lagos. After una go say na una go school pass mongo park .simple accounting

Educationalserv:
very fair cos kano people buy items that it vats is paid in Lagos so the monies Lagos is taking about belong to other. If i buy Samsung tv in kano from shoprite the vat is hanging in Lagos. Cos the tv is in use in kano .So Lagos must send that cut ..so all the items vat in kano was consume locally in kano.

No way a vat on a Samsung tv that you bought in a ShopRite in Kano state should hang in Lagos. That's impossible, stop listening to jargon by an average illiterate on tv. When Kano state taxes Shoprite, the vat on your Samsung tv goes to Kano state coffers.

AlabiJ:
I suspect the Op is either a Southern saboteur or a descendant if boko haram, because no reasonable advocate of true federalism would be against what Wike is pioneering. Ignoramus like him need to stop making this about Lagos VAT collection. This goes beyond Lagos or Rivers.

the 550 bn collected by Lagos over 500 bn was consume by 190m Nigeria located outside Lagos.

Educationalserv:
Lagos state cannot impartially collect vat on tv sale by LG that is ware house in Lagos but sold in kaduna and honestly sent the vat to kaduna .they will keep shouting na our money with their agbero character.

VAT would no longer be paid by companies but by retailers ...u are talking like it's rocket science

There are companies headquarted in Kano, Kaduna and co. whose products are sold across the South, so what is the OP's point? Azman Air, BUA and the likes can choose to have Kano as their base and remit VAT under those states so what is the fuss about

Most Oil multinationals are already leaving Lagos for Akwa-Ibom, Rivers etc. is anyone complaining or holding them back?
The few ones left in South West will continue to pay VAT under States in SW just like those in East and North.

Biafman:

No way a vat on a Samsung tv that you bought in a ShopRite in Kano state should hang in Lagos. That's impossible, stop listening to jargon by an average illiterate on tv. When Kano state taxes Shoprite, the vat on your Samsung tv goes to Kano state coffers.

ur head is empty .the vat on sale for Samsung tv and the cost less mark up by shoprite is paid back to Samsung accounts for the merchandise supplied .this Samsung HQ franchise is located in Lagos. Bush man .

Educationalserv:
you be dundee .If u pay 1500 for mtn card in kano the 75 naira vat goes to kano account .werey .it goes back to mtn Nigeria vats accounts domicile in Lagos. After una go say na una go school pass mongo park .simple accounting

You are daft, stop coming up with some manufactured nonsense that you saw a fool regurgitating on TV. Kano state taxes MTN and deducts their VAT which goes into its coffers, and then is sent to the federation FIRS account, so is every other state. But now, the VAT money will stay in Kano and other states and no more to federal FIRS account. This is simple. Stop listening to some illiterates on tv and then come in here to write nonsense.

Biafman:

Stop talking jargon. When you buy anything from beer to television, to mtn cards in Kano state, you pay vat on those products at the point of purchase which goes into Kano state coffers if the states care to tax the seller. Those companies that supplied those products from Lagos to Kano then pay their own vat to Lagos state. No state collects any vat money that goes to other states. Stop misinforming people. The good thing now is that no more state vat collected funds will go to the federal coffers. VAT your people in yoru state and pocket the money, while my own state VAT our people and pocket the money too. Why do you still complain?

What do you mean you pay VAT at the point of purchase? That it is written on the product that VAT is included does not mean you it is instantly deducted. The company pays the VAT to the government

Educationalserv:
ur head is empty .the vat on sale for Samsung tv and the cost less mark up by shoprite is paid back to Samsung accounts for the merchandise supplied .this Samsung HQ franchise is located in Lagos. Bush man .

What do these people smoke up north? What a slowpoke. VAT money goes back to the seller? I give up!!

See this ab0ki crying hot tears. With new VAT collection, tell your lazy ass northern governors to attract investors to your states so they could benefit the new VAT regime, if only they would agree to set up their structures in a banditry, sharia and terrorists zone.
There are several oil companies headquartered in Lagos and I suppose Governors of respective states in ND would begin a negotiation process.
The bigger fish are the Ports in Lagos which I would really desire that Lagos could pull all plugs and defeat the FG from dipping its hands into anylonger. Custom duties also in consideration.
By the time full federalism hits you, your tears will flow from here to Niger republic.

freegaza:


What do you mean you pay VAT at the point of purchase? That it is written on the product that VAT is included does not mean you it is instantly deducted. The company pays the VAT to the government

Ewu, it's not instantly deducted, but will be deducted eventually. That's why there are workers for that. And that's why a real taxation system is supposed to be in place, but you northerners keep scuttling such arrangements with your violent, terrorist, and nepotistic ways. When it's eventually deducted, the money goes to the state coffers where the product was sold, but in your contraption, instead of your state keeping the VAT money, it is ordered through your useless laws that it should be remitted to the federation account of the FIRS. Dumbo!! The positive side now is that the VAT money will now be kept within the state's coffers and will no longer be remitted to your crooked federation FIRS account.

Educationalserv:
the 550 bn collected by Lagos over 500 bn was consume by 190m Nigeria located outside Lagos.

Ogbeni stop spreading saliva all over me. Answer yes or no, do you support the current efforts being championed by Wike concerning the VAT issue? Simple yes or no would be enough to know where you stand. Seems your real problem is the fact that Lagos may be the biggest beneficiary of the development. Your type would probably also find a reason to be against resource control based on similar argument that the oil producing states would be getting more than others.

Breaking news

Charges of 7.5% vat on each barrel of crude oil by the Nigerdelta states underway