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Nairaland Forum / Nairaland / General / Politics / Vat: FG Will Be The Biggest Winner If States Collect Vat - Tax Partner (PWC) (3465 Views)
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Vat: FG Will Be The Biggest Winner If States Collect Vat - Tax Partner (PWC) by bobobyte: 8:42pm On Sep 12, 2021 |
According to Mr. Taiwo Oyedele, Tax Partner at Price Water House Coopers (PWC), VAT is currently shared 50% to states, 35% to Local Govts and 15% to the Federal Government. The Federal Government will not lose money when states start collecting but may be the biggest winner to get as high as 60% instead of 15% the Federal Government is currently getting. Details of his analysis in this video. https://www.youtube.com/watch?v=8Adlc5EPAlY 1 Like 2 Shares |
Re: Vat: FG Will Be The Biggest Winner If States Collect Vat - Tax Partner (PWC) by colorsofrainbow: 9:06pm On Sep 12, 2021 |
investorMK:How real is this? Is it not fake? |
Re: Vat: FG Will Be The Biggest Winner If States Collect Vat - Tax Partner (PWC) by mrvitalis(m): 9:11pm On Sep 12, 2021 |
This not about FG wining this is about protecting those unproductive states that they use to rig elections nothing more It's more about keeping north feeding bottle safe 10 Likes 1 Share |
Re: Vat: FG Will Be The Biggest Winner If States Collect Vat - Tax Partner (PWC) by investorMK(m): 9:13pm On Sep 12, 2021 |
colorsofrainbow: U haven't heard of pi network? Reg and be mining till December o |
Re: Vat: FG Will Be The Biggest Winner If States Collect Vat - Tax Partner (PWC) by colorsofrainbow: 9:34pm On Sep 12, 2021 |
investorMK:Haha pi network is a joke. Unreal stuff. Wake me up when it's real |
Re: Vat: FG Will Be The Biggest Winner If States Collect Vat - Tax Partner (PWC) by Qtrpst4: 9:45pm On Sep 12, 2021 |
Keeping northern feeding bottle safe and gombe commissioner and that kid governor is begging others to be their brothers keeper? FG might need to shed some responsibility and possibly remove some things from that evil exclusive list, but you see this VAT, some people go hear am mrvitalis: |
Re: Vat: FG Will Be The Biggest Winner If States Collect Vat - Tax Partner (PWC) by investorMK(m): 9:52pm On Sep 12, 2021 |
colorsofrainbow:okay o |
Re: Vat: FG Will Be The Biggest Winner If States Collect Vat - Tax Partner (PWC) by Stephenszego2: 9:54pm On Sep 12, 2021 |
mrvitalis: The point is FG has jurisdiction over most of VAT generated so States clamouring for collection is not the solution. The problem here is not whonis collecting but hownit is being shared i.e. mere 20% based on derivation (states collected from) and whooping 50% on equality and 30% based on their fake population data. If states push to collect, FG still controls the bulk of VAT collection which is from import VAT, international VAT, and From F.C.T. 3 Likes |
Re: Vat: FG Will Be The Biggest Winner If States Collect Vat - Tax Partner (PWC) by Stephenszego2: 9:58pm On Sep 12, 2021 |
[quote author=Qtrpst4 post=105756516]Keeping northern feeding bottle safe and gombe commissioner and that kid governor is begging others to be their brothers keeper? FG might need to shed some responsibility and possibly remove some things from that evil exclusive list, but you see this VAT, some people go hear am States should demand that higher percentage (upto 80%) be based om derivation, not to take collection or exclusive list be reviewed. |
Re: Vat: FG Will Be The Biggest Winner If States Collect Vat - Tax Partner (PWC) by Stone03: 10:01pm On Sep 12, 2021 |
Is it a way of the long clamored restructuring? |
Re: Vat: FG Will Be The Biggest Winner If States Collect Vat - Tax Partner (PWC) by Buckeyemedia1: 10:05pm On Sep 12, 2021 |
Stone03:Restructuring by the same blind criminals? A bad tree can never yield good fruits, keep deceiving yourself, they will only enrich themselves & family more. 1 Like 1 Share |
Re: Vat: FG Will Be The Biggest Winner If States Collect Vat - Tax Partner (PWC) by Dovegrey: 10:06pm On Sep 12, 2021 |
Afonjas backstabbers
This one just dey find way to please their slave master |
Re: Vat: FG Will Be The Biggest Winner If States Collect Vat - Tax Partner (PWC) by Wiseandtrue(f): 10:08pm On Sep 12, 2021 |
How will FG gain Who go give them the 60% Well shall this regime is known for propaganda! Be it as it may, if states starts collecting VAT, if it's properly utilized, the people will be the biggest winners! |
Re: Vat: FG Will Be The Biggest Winner If States Collect Vat - Tax Partner (PWC) by Buckeyemedia1: 10:14pm On Sep 12, 2021 |
Dovegrey:All you Children, back stabber for speaking the truth, you think by deceiving yourself, it turns to the truth? Why not advocate for the Local Government to keep their resources & revenue, why should Eti OSA share it’s revenue with Alimosho Local Government? Why should the Local Governments collect 35% & the state collects 50%? What kind of cheating is this, what does the state do to be collecting 50%? 1 Like |
Re: Vat: FG Will Be The Biggest Winner If States Collect Vat - Tax Partner (PWC) by Buckeyemedia1: 10:17pm On Sep 12, 2021 |
[quote author=Stephenszego2 post=105756971][/quote] States already collect 85%, It seems your like millions of people that just comment but don’t know anything? |
Re: Vat: FG Will Be The Biggest Winner If States Collect Vat - Tax Partner (PWC) by Buckeyemedia1: 10:19pm On Sep 12, 2021 |
Wiseandtrue:Why not the Local Government collect the VAT? |
Re: Vat: FG Will Be The Biggest Winner If States Collect Vat - Tax Partner (PWC) by omowolewa: 10:21pm On Sep 12, 2021 |
True talk but no going back. VAT will end up on Concurrent list 1 Like 1 Share |
Re: Vat: FG Will Be The Biggest Winner If States Collect Vat - Tax Partner (PWC) by Buckeyemedia1: 10:25pm On Sep 12, 2021 |
omowolewa:The RMFAC should also review their distribution process, Local Governments should keep 60% of their revenue, whilst the states get 30%, FG 10%, not the present wayo States 50%, Local Governments 35%, FG 15%. 4 Likes 1 Share |
Re: Vat: FG Will Be The Biggest Winner If States Collect Vat - Tax Partner (PWC) by AfonjaConehead: 10:25pm On Sep 12, 2021 |
Coneheaded structures... always ready to sell out and betray for a morsel of amala et ewedu. |
Re: Vat: FG Will Be The Biggest Winner If States Collect Vat - Tax Partner (PWC) by AfonjaConehead: 10:27pm On Sep 12, 2021 |
Buckeyemedia1: Do you know what is meant by concurrent list? |
Re: Vat: FG Will Be The Biggest Winner If States Collect Vat - Tax Partner (PWC) by Wiseandtrue(f): 10:28pm On Sep 12, 2021 |
Buckeyemedia1:State governors better collect it if they want to see a kobo! Many of them are not responsible enough to handle such responsibility Give it to them and watch them turn to god overnight LG should relate with people at the grassroot and intimate the governor on the areas where development is needed! |
Re: Vat: FG Will Be The Biggest Winner If States Collect Vat - Tax Partner (PWC) by Buckeyemedia1: 10:28pm On Sep 12, 2021 |
AfonjaConehead:I know your state will collapse within 6 months, mention your state if you are not ashamed of it? |
Re: Vat: FG Will Be The Biggest Winner If States Collect Vat - Tax Partner (PWC) by joyandfaith: 10:30pm On Sep 12, 2021 |
Buckeyemedia1: Do you mean we should forgo restructuring? 1 Like 1 Share |
Re: Vat: FG Will Be The Biggest Winner If States Collect Vat - Tax Partner (PWC) by AfonjaConehead: 10:31pm On Sep 12, 2021 |
Buckeyemedia1: Papa tell us your age if you ain't ashamed of it or kindly shut up, thank you very much. |
Re: Vat: FG Will Be The Biggest Winner If States Collect Vat - Tax Partner (PWC) by Buckeyemedia1: 10:31pm On Sep 12, 2021 |
Wiseandtrue:OK you want a scenario that fits your narrow outlook? The people that makes the law say Federal shall collect you say no, so let them change it to Local Governments controls & collects revenue for their resources, same laws that gave the states the powers have stripped them off those powers, why are you complaining? 1 Like 1 Share |
Re: Vat: FG Will Be The Biggest Winner If States Collect Vat - Tax Partner (PWC) by nerdfrost(m): 10:32pm On Sep 12, 2021 |
colorsofrainbow: U will regret not joining come December 1 Like |
Re: Vat: FG Will Be The Biggest Winner If States Collect Vat - Tax Partner (PWC) by nerdfrost(m): 10:33pm On Sep 12, 2021 |
investorMK:Bro just leave am |
Re: Vat: FG Will Be The Biggest Winner If States Collect Vat - Tax Partner (PWC) by nerdfrost(m): 10:33pm On Sep 12, 2021 |
Nigeria propaganda and nonsense...useless government meanwhile pi is here to stay,make una begin dey mine pi as e still free like this oo....check my signature for more info .......if u like ignore,no be everybody go rich for this life 1 Like |
Re: Vat: FG Will Be The Biggest Winner If States Collect Vat - Tax Partner (PWC) by Dovegrey: 10:34pm On Sep 12, 2021 |
Buckeyemedia1:i know you are from kebbi state that can't even generate money for pure water. 2 Likes |
Re: Vat: FG Will Be The Biggest Winner If States Collect Vat - Tax Partner (PWC) by Buckeyemedia1: 10:38pm On Sep 12, 2021 |
Dovegrey:Birin Kebbi to be precise, I am still Nigerian, what state are you from Almijiri? |
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