The Federal Government, on Monday, confirmed that it had commenced the implementation of the payment of 7.5 per cent Value Added Tax on Automotive Gas Oil, popularly called diesel.

Officials of the Nigeria Customs Service and Federal Inland Revenue Service confirmed this in Abuja, stressing that AGO was not exempted from the payment of VAT based on the VAT Modification Order 2021.

The development was, however, condemned by Nigerians, who pointed out that citizens were still trying to adjust to the hike in the pump price of Premium Motor Spirit, popularly called petrol, not knowing that plans had been perfected to further raise payments for diesel.

When asked by our correspondent if the NCS was now collecting 7.5 per cent VAT on the imports of AGO, the spokesperson for the service, Abdullahi Maiwada, replied, “Yes.”

He continued, “If you ask me whether Customs collect 7.5 per cent VAT on AGO, I will tell you yes and I’ll give you the reasons. There’s what we call VAT Modification Order 2021, which exempts petroleum products of Harmonised System Codes.

“But the HS Codes for Petroleum products that are exempted from paying VAT are those in the region of 2709.00.00.00 – 2710.19.12.00. The HS Codes are what we use to classify commod

BigBlackPreek:
Take a look at the the developed countries, you will see that, they all pay task even as small at it is, and thats how government generates money to fund the country

You will understand later

On your mandate I stand,

Ashiwaju Jagaban

ogododo:
The Federal Government, on Monday, confirmed that it had commenced the implementation of the payment of 7.5 per cent Value Added Tax on Automotive Gas Oil, popularly called diesel.

Officials of the Nigeria Customs Service and Federal Inland Revenue Service confirmed this in Abuja, stressing that AGO was not exempted from the payment of VAT based on the VAT Modification Order 2021.

The development was, however, condemned by Nigerians, who pointed out that citizens were still trying to adjust to the hike in the pump price of Premium Motor Spirit, popularly called petrol, not knowing that plans had been perfected to further raise payments for diesel.

When asked by our correspondent if the NCS was now collecting 7.5 per cent VAT on the imports of AGO, the spokesperson for the service, Abdullahi Maiwada, replied, “Yes.”

He continued, “If you ask me whether Customs collect 7.5 per cent VAT on AGO, I will tell you yes and I’ll give you the reasons. There’s what we call VAT Modification Order 2021, which exempts petroleum products of Harmonised System Codes.

“But the HS Codes for Petroleum products that are exempted from paying VAT are those in the region of 2709.00.00.00 – 2710.19.12.00. The HS Codes are what we use to classify commod

https://punchng.com/fg-implements-7-5-vat-on-diesel-nigerians-kick/

BigBlackPreek:
Take a look at the the developed countries, you will see that, they all pay task even as small at it is, and thats how government generates money to fund the country

You will understand later

On your mandate I stand,

Ashiwaju Jagaban

adecz:



Everything Tinubu and his successors
achieved in Lagos was the taxing and
taxing of everything and everyone taxable.

That's why many companies and manufacturers left Lagos and moved to
other West African countries that had
friendlier policies to manufacturers.

I knew that Tinubu will bring same policy
on the national level by taxing everything
& everyone without giving anything back.

In less than a month, we are already suffering
this policies, right from us in urban areas
to our relations back in the villages❗️❗️❗️😕
😕

Most developed countries tax their people
well, but also pay their people well and
provide shelter, security and public infrastructure.

Here in Nigeria, APC tax and tax, but you
provide your security, water, roads, electricity,
transportation and everything else.

BigBlackPreek:
Take a look at the the developed countries, you will see that, they all pay task even as small at it is, and thats how government generates money to fund the country

You will understand later

On your mandate I stand,

Ashiwaju Jagaban

tollyboy5:

So those developed countries pay 30k minimum wages? why are your hypocrite act so 3vil

Dreal1247:
Why not drill the petroleum industry thieves to return their loots? They need to probe all the excessive borrowings of the past administration and the implementation. This is the reason why after elections, they are employing more cyber warriors to defend their nonsense. I hope the employed cyber warriors understand that some of their relatives are the most affected individuals.

abibox02:
Let the poor breathe, don't suffocate them

BigBlackPreek:
Take a look at the the developed countries, you will see that, they all pay task even as small at it is, and thats how government generates money to fund the country

You will understand later

On your mandate I stand,

Ashiwaju Jagaban