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Nairaland Forum / Nairaland / General / Politics / VAT: Five Northern, Two South-west, Two South-South States Top Beneficiaries (37329 Views)
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Re: VAT: Five Northern, Two South-west, Two South-South States Top Beneficiaries by Positivepoint(m): 9:27am On Sep 13, 2021 |
seyigiggle: Nope u don't understand the VAT is already inclusive at the point of purchase from the manufacturers, when u sell in jigawa u re only transferring the vat u paid to the manufacturers to the consumers because the are the final users. Meaning the vat paid in Lagos is paid by the potential consumers of the products. The dealer is just a channel or way to market for the manufacturers. When he sale to jigawa consumers he is recovering his money inclusive tax paid and profit. The tax in Lagos is on behalf of his potential consumers not the dealer. |
Re: VAT: Five Northern, Two South-west, Two South-South States Top Beneficiaries by TEDHorsePower: 9:31am On Sep 13, 2021 |
Anuofia, we know about your veiled hate and envy towards Anambra. You parade over 200 monikers including galaxypropertie, ihatewike, etc. Why would you ask the guy for the source if not because you doubted him out of your envy and bitterness? I will keep exposing you ediots that hide within igbo unity to hate on Anambra due to your envy toward the progressive state. Proeast, it was still you that would always boast that "imo is this and that in SE ", why limit it to SE, why not extend it to Nigeria? Useless hypocrite. Na me fit una. Onye ala Ezi ofia [s] proeast:[/s] |
Re: VAT: Five Northern, Two South-west, Two South-South States Top Beneficiaries by Positivepoint(m): 9:32am On Sep 13, 2021 |
darfay: The distributor did not add any value thus cannot charge VAT, the distributor is only a sales channel from the manufacturer to the consumers nothing more and get commission for his channel. The manufacturers whom added value to products the they manufactured and sell are the only people required to charge VAT. Ur degree is questionable bro. |
Re: VAT: Five Northern, Two South-west, Two South-South States Top Beneficiaries by Positivepoint(m): 9:36am On Sep 13, 2021 |
codemaniacs: Yes that is the ideal situation but in Nigeria I those not happen that way. But VA decentralization is a welcome idea most people will be shocked at how the numbers will be looking like. |
Re: VAT: Five Northern, Two South-west, Two South-South States Top Beneficiaries by codemaniacs: 9:38am On Sep 13, 2021 |
Positivepoint: That's how it happens in Nigeria. You're the one that would be shocked at how the numbers will look. |
Re: VAT: Five Northern, Two South-west, Two South-South States Top Beneficiaries by SmartPolician: 9:38am On Sep 13, 2021 |
Safyqueen: If Nigerians cannot live as one, separation is the next option. After all, the British didn't consult each of the regions before lumping us together. I don't know why balkanization should give anyone concerns. |
Re: VAT: Five Northern, Two South-west, Two South-South States Top Beneficiaries by NobleRace: 9:40am On Sep 13, 2021 |
greatiyk4u: This will also give room for developments. Each state would want to create businesses and develop hitherto moribund economic structures that could help them produce more for themselves. |
Re: VAT: Five Northern, Two South-west, Two South-South States Top Beneficiaries by proeast(m): 9:40am On Sep 13, 2021 |
TEDHorsePower: You sleep and wake up hating on other Igbo states but whenever any Igbo state (including Anambra) is attacked by either North or West, the same Igbos you hate will defend Anambra but you imposter will go to sleep or just wait to see how you will conveniently side with them to attack Imo, Enugu, Abia or Ebonyi. Go to threads about these Igbo states and your different monikers will be everywhere spilling bile against them. You're not smart enough to pull off your impersonation, because anyone can easily see through it. Stop decieving yourself and return to the North where you come from. Anambra people are not known to be foolish. Do you see real Anambra people like attacking other Igbo states? No! Because he is a real Igbo man to the core! But abobaku imposters like you from Kogi state will always be disgracing yourself and your entire generation. Onye aburu onu! Anumachobiri!! Ezi ohia!!! |
Re: VAT: Five Northern, Two South-west, Two South-South States Top Beneficiaries by tollyboy5(m): 9:41am On Sep 13, 2021 |
Safyqueen:Very lame excuse, if product like recharge card get multiple tax. Its to the detriment of the state which MTN head quarters is not found. Let them charge vat on agricultural produce nobody is interested in "brothers keeper nonsense" 1 Like |
Re: VAT: Five Northern, Two South-west, Two South-South States Top Beneficiaries by Positivepoint(m): 9:41am On Sep 13, 2021 |
codemaniacs: Pls go to ur revenue office and ask if the VAT on ur recharge card is remitted in ur state first. 1 Like |
Re: VAT: Five Northern, Two South-west, Two South-South States Top Beneficiaries by Emir01: 9:42am On Sep 13, 2021 |
codemaniacs: You have no Idea |
Re: VAT: Five Northern, Two South-west, Two South-South States Top Beneficiaries by TEDHorsePower: 9:47am On Sep 13, 2021 |
Stupid post from an envious frustrated fellow. Who asked you to come in defence of Anambra? We all know how you roll here, by making veiled posts that intend to promote your backward Imo state and put down others. This is not the first you are doing it. We fought over this in Anambra thread until I decided to move to Imo thread, that was when you slowed down. All we asked is that you face your backward useless worthless shithole Imo state. Anambra people are enough on nairaland to talk a out their state. Onye abulu onu Onye ala Onye nenye nsi Onye Obi ojoo Onye ekwensu kpolu oku. Ezi ofia Anuofa [s] proeast:[/s] |
Re: VAT: Five Northern, Two South-west, Two South-South States Top Beneficiaries by Ayiibobo(m): 9:47am On Sep 13, 2021 |
Sponsored article.... |
Re: VAT: Five Northern, Two South-west, Two South-South States Top Beneficiaries by codemaniacs: 9:48am On Sep 13, 2021 |
Positivepoint: Positivepoint: You obviously don't know what VAT is.. If the distributor is not the manufacturer then the distributor is also a consumer who pays VAT when buying the products from the manufacturer. The distributor ( wholesale consumer ) then sells it to other consumers ( small scale consumers like you and other people ) who will also pay VAT when buying it. 2 Likes |
Re: VAT: Five Northern, Two South-west, Two South-South States Top Beneficiaries by codemaniacs: 9:55am On Sep 13, 2021 |
Positivepoint: Emir01: You both have no idea. The street vendors selling recharge cards in your state pay VAT to the distributor of the recharge cards in your state. You and some other people on this thread are Buuhari media consultants paid to spread mis-information. It's pointless to keep replying your comments |
Re: VAT: Five Northern, Two South-west, Two South-South States Top Beneficiaries by garfield1: 9:55am On Sep 13, 2021 |
proeast: You lie sir.you receive more than what you generate |
Re: VAT: Five Northern, Two South-west, Two South-South States Top Beneficiaries by seyigiggle: 9:57am On Sep 13, 2021 |
consumer tax is not a recoverable cost to a consumer. Positivepoint: |
Re: VAT: Five Northern, Two South-west, Two South-South States Top Beneficiaries by Positivepoint(m): 9:59am On Sep 13, 2021 |
codemaniacs: The vat paid is only transferable that is why the cost does not increase and remain uniform. |
Re: VAT: Five Northern, Two South-west, Two South-South States Top Beneficiaries by Hendtime: 10:01am On Sep 13, 2021 |
SmartPolician: With this, we'll all see how governors are the real problem we have in Nigeria. Many of them just want the fanfare of the office but nothing on the responsibility of the office. Revenue collection/generation should come with greater responsibility |
Re: VAT: Five Northern, Two South-west, Two South-South States Top Beneficiaries by Positivepoint(m): 10:04am On Sep 13, 2021 |
codemaniacs: Yes the distributor is a consumer representative who buys onbelf of HIS potential consumers for a commission from the manufacturers for his volume. The vat paid buy the distributor is only transfered to the consumers. At every level of sale vat is inclusive but the manufacturers remit vat collected to govt. It's like a relay race. Same baton is passed down not a different one. |
Re: VAT: Five Northern, Two South-west, Two South-South States Top Beneficiaries by nameo: 10:05am On Sep 13, 2021 |
Positivepoint: Lolz...... Goods and services are not consumed by Populations but by GDPs(the economic purchasing power) of populations. This is why the USA has the largest consumption of any country in the world cos of a larger GDP. This is why a Switzerland with less than 5million persons has a larger consumption than an Ethiopia with over 80million persons. What is the GDP of the north compared with the south. NB: Moreover, you are very wrong that manufacturing industries dont pay VAT. They are actually a massive source of VAT as they buy inputs(raw materials, machineries, etc) to run their industries including importing(a huge chuck of total VAT in the country); just that an input-output tax mechanism is used in the final computations. Geez. I don type long words this early Monday morning. But i did that to disabuse your mind that there is any excuse or "reason" for the sorry state of the north today in Nigeria. The north has basically "destroyed " its future by perpetuating the "feeding bottle" relationship with the south(resource allocation from Abuja, VAT, low university administration cutoff, Quota system etc). It has made the north(a resource rich region) lazy, impudent and totally bereft of ideas on its own future. I type cos i care about the north. And if you are a northerner yourself, the contradiction and shame should force you to want to change the situation. I am done |
Re: VAT: Five Northern, Two South-west, Two South-South States Top Beneficiaries by akdjr(m): 10:05am On Sep 13, 2021 |
I am not against federal government from collecting VAT but the Northern state state who destroy beer and still share from the vat generated from beer should be excluded from sharing in the the VAT generated sales of beer. |
Re: VAT: Five Northern, Two South-west, Two South-South States Top Beneficiaries by codemaniacs: 10:09am On Sep 13, 2021 |
Positivepoint: No. This is Wrong.. I'm not responding to comments since you don't know what VAT is and since you're a paid bigot. |
Re: VAT: Five Northern, Two South-west, Two South-South States Top Beneficiaries by Positivepoint(m): 10:10am On Sep 13, 2021 |
nameo: Manufacturers don't pay vat but collect and remit to govt. When u buy food at chicken republic the vat u paid on the food item is collected by chicken rebulic and remitt to govt on ur behalf. |
Re: VAT: Five Northern, Two South-west, Two South-South States Top Beneficiaries by Safyqueen: 10:12am On Sep 13, 2021 |
tollyboy5: Mr man no brother is asking you for a keeper in this case. There is no country in this world that has all her resources evenly distributed across that country. Do you think Ajaokuta steel company alone is not enough for Kogi State for example? But is it working? Can Kogi State government put it up no matter how sound is the governor? Let's diversify first and develop each mineral for each state then we disintegrate. |
Re: VAT: Five Northern, Two South-west, Two South-South States Top Beneficiaries by Emir01: 10:17am On Sep 13, 2021 |
codemaniacs: You have no Idea with your analysis. We are operating cental VAT system and there's something called input and output VAT. Don't mix income tax to VAT. |
Re: VAT: Five Northern, Two South-west, Two South-South States Top Beneficiaries by tollyboy5(m): 10:20am On Sep 13, 2021 |
Safyqueen:As a bonafide Lagosian the affairs of kogi has nothing to do with me. My mayor Care is bt my state and the other 5 southwest state. 1 Like |
Re: VAT: Five Northern, Two South-west, Two South-South States Top Beneficiaries by nameo: 10:41am On Sep 13, 2021 |
Positivepoint: Sorry....you are a "mindset" person. I will pass. You do not understand how VAT works Bruv. But you think you do. And that is OK. This is not my interest. By the way, each state in America pay consumption tax(i think it is called Sales tax). We shouldnt be captured by our own "input-output" model to encourage indolence and laziness. Are you a northerner tho? Are you young? Are you satisfied with the status quo esp as it affects the north? Do you not think that this status quo that your leaders have made you believe isis to your benefit relative to the south have left your region with some of the worst socio-economic indexes in the world comparable to war torn countries (poverty rate, unemployment rate, hunger index, terroism index, No of out of school children, illiteracy rate, incidence of communicable diseases, maternal mortality rate, etc)? Are you happy with these your leaders? Are you happy with the situation |
Re: VAT: Five Northern, Two South-west, Two South-South States Top Beneficiaries by Positivepoint(m): 10:48am On Sep 13, 2021 |
nameo: Sales tax was replaced by vat by babangida in 1993. U re total being ignorantly foolish.
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Re: VAT: Five Northern, Two South-west, Two South-South States Top Beneficiaries by Smif(m): 11:08am On Sep 13, 2021 |
Nasarawa wit one of d highest revenue generating LGA in d country (Karu LGA), is collecting d least VAT allocation, nawao |
Re: VAT: Five Northern, Two South-west, Two South-South States Top Beneficiaries by nameo: 11:24am On Sep 13, 2021 |
Positivepoint: OK... bye |
Re: VAT: Five Northern, Two South-west, Two South-South States Top Beneficiaries by Nobody: 11:31am On Sep 13, 2021 |
Omoluabi1stborn:this country has to be restructured!! Gov. Wike is right absolutely 1 Like 1 Share |
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