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Nairaland Forum / Nairaland / General / Politics / VAT: FIRS’ Exclusive List Push Suffers Setback At NASS (18386 Views)
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VAT: FIRS’ Exclusive List Push Suffers Setback At NASS by HenryThegreat1(m): 5:52am On Sep 19, 2021 |
Strong Indications have emerged that the attempt by the Federal Inland Revenue Service to have the exclusive powers to collect Value Added Tax has stalled at the National Assembly. https://punchng.com/vat-war-firs-exclusive-list-push-suffers-setback-at-nass/ 10 Likes 1 Share
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Re: VAT: FIRS’ Exclusive List Push Suffers Setback At NASS by decatalyst(m): 5:54am On Sep 19, 2021 |
Make e suffer blow and bomb sef! States should generate VAT and just send a percent to the federal government! The center has too much powers. 100 Likes 5 Shares |
Re: VAT: FIRS’ Exclusive List Push Suffers Setback At NASS by Damidave1124(m): 5:54am On Sep 19, 2021 |
Idiot FIRS. They want to be eating where they did not sow. Southern senators should see that the bill never surface again 89 Likes 5 Shares |
Re: VAT: FIRS’ Exclusive List Push Suffers Setback At NASS by HenryThegreat1(m): 5:55am On Sep 19, 2021 |
States should be the one collecting vat simple. 38 Likes 3 Shares |
Re: VAT: FIRS’ Exclusive List Push Suffers Setback At NASS by focus7: 5:55am On Sep 19, 2021 |
I don't trust the current national assembly and especially the rubber stamp Senate. The southern governors should just stick to their resolve and contend any attempt to manipulate the law to favour FG. 43 Likes 4 Shares |
Re: VAT: FIRS’ Exclusive List Push Suffers Setback At NASS by CondemnBattery(f): 5:55am On Sep 19, 2021 |
This government always acting like witches and wizards. Just imagine, they want to tax people hustling on SM. The amendment, according to Nami, will centre basically on the issue of Stamp Duty and how to drag those transacting businesses on the social media to the tax net. But don't care how we the citizens survive. 30 Likes 1 Share |
Re: VAT: FIRS’ Exclusive List Push Suffers Setback At NASS by Nobody: 5:55am On Sep 19, 2021 |
decatalyst: And at the end of the day, many of you would pay higher for some of your favorite consumer products due to....higher VAT in some states, plus double vat collection (VAT being collected on goods sold in Lagos for distribution in Enugu..where another VAT would be collected) Plus, it does not solve the issue of low level of taxation by state and federal governments. Modified Many companies have their HQ in Lagos. VAT would, under a state by state process, be higher automatically in Lagos, since many companies pay VAT on their profits, which are reported in Lag. Then the products they produce...will attract VAT in each and every state where they are sold. At the end of the day...higher taxes in form of higher prices. 6 Likes 3 Shares |
Re: VAT: FIRS’ Exclusive List Push Suffers Setback At NASS by fnep2smooth(m): 5:56am On Sep 19, 2021 |
Fg fighting state. |
Re: VAT: FIRS’ Exclusive List Push Suffers Setback At NASS by Olumiday15: 5:57am On Sep 19, 2021 |
NIgeria and setback 1 Like
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Re: VAT: FIRS’ Exclusive List Push Suffers Setback At NASS by chiiraq802(m): 5:57am On Sep 19, 2021 |
Anything to checkmate Northern leeches is a welcome development for me. I can't be buying 4 bottles of Heineken every weekdays from mama Big Chic bar, then States that say there religion forbids my sweet Heineken(na eye service shaa!!! nobody drink and high pass Northerners) will be raking in more money as VAT from my Heineken money than State mama Big Chic Bar is situated at. E no just make sense at all. Wike, Sanwo Olu and my new found nigga Aketi, na una papa born una. 36 Likes 3 Shares |
Re: VAT: FIRS’ Exclusive List Push Suffers Setback At NASS by Abaman001(m): 5:59am On Sep 19, 2021 |
Wow! This is a great news, anything to strip the center some powers and to wake up some parasitic cows states plus those who sees beers trading as a Haram in the day but take the dividends at night will be a solid welcome development more especially, shaming Devil Umahi and his cohorts....May God Almighty continue to protect Gov.Wike 17 Likes 1 Share |
Re: VAT: FIRS’ Exclusive List Push Suffers Setback At NASS by Judolisco(m): 6:01am On Sep 19, 2021 |
Restructuring coming naturally 3 Likes 1 Share |
Re: VAT: FIRS’ Exclusive List Push Suffers Setback At NASS by CondemnBattery(f): 6:04am On Sep 19, 2021 |
Modrovdeux:just listen to yourself. So, because states wants to collect VAT, it simply means the consumer should be double taxed, or pay higher tax? When are we going to clamour for things to be done right in this country? Seeking for things to be done rightly should not be a burden. 42 Likes 7 Shares |
Re: VAT: FIRS’ Exclusive List Push Suffers Setback At NASS by Yobabad: 6:04am On Sep 19, 2021 |
Am so sorry for local Yoruba Muslims who does not have a root but have choose to remain unity begars, |
Re: VAT: FIRS’ Exclusive List Push Suffers Setback At NASS by SEGLIZ: 6:04am On Sep 19, 2021 |
HenryThegreat1:what does the Fed do with every of resources in its disposal? this is on question that beat my thinking. it's time the Fed go street wise, hawk some bag of satchel water to know the hustle is real than sit on the destiny of its children milking it dry. yet the state should be ready to come out prudent, accountable and judicious. 7 Likes 1 Share |
Re: VAT: FIRS’ Exclusive List Push Suffers Setback At NASS by descarado: 6:05am On Sep 19, 2021 |
Modrovdeux:Is this a reason? Arr you not paying higher already? Let's hear word. Nigerians and sentiments especially when it favours them. At topic. Is there a country where the center collects vat like Nigeria? 22 Likes 1 Share |
Re: VAT: FIRS’ Exclusive List Push Suffers Setback At NASS by scribble: 6:06am On Sep 19, 2021 |
Aboki dey H |
Re: VAT: FIRS’ Exclusive List Push Suffers Setback At NASS by tete7000(m): 6:08am On Sep 19, 2021 |
Let the sharia states continue to destroy beers and collect vat from bokoharam and their brothers 12 Likes 1 Share |
Re: VAT: FIRS’ Exclusive List Push Suffers Setback At NASS by CondemnBattery(f): 6:08am On Sep 19, 2021 |
SEGLIZ: They loot it, for their greedy purposes 5 Likes 1 Share |
Re: VAT: FIRS’ Exclusive List Push Suffers Setback At NASS by Sammysolution: 6:09am On Sep 19, 2021 |
Why is the federal government and it's agency so greedy, all in the name of milking Peter dry and feeding it to Paul's children, animal's farm comes to mind. 1 Like |
Re: VAT: FIRS’ Exclusive List Push Suffers Setback At NASS by Truflame: 6:10am On Sep 19, 2021 |
Let governors collect tax in their respective state. It will create employment at state level. We are now having a situation where wealth is concentrated only in Abuja. The trend has to stop. State need development as well. 10 Likes 2 Shares |
Re: VAT: FIRS’ Exclusive List Push Suffers Setback At NASS by ottohan: 6:12am On Sep 19, 2021 |
Modrovdeux:This isn't a reason 7 Likes |
Re: VAT: FIRS’ Exclusive List Push Suffers Setback At NASS by Nobody: 6:12am On Sep 19, 2021 |
descarado: If you think you are paying higher now, you will pay higher when states implement VAT collection Let's take alcohol. I buy alcohol in Lagos...I pay vat there...but the alcohol is eventually destined for Enugu state...where VAT is paid again... Or bread...I buy flour in Kaduna.....VAT is paid there...to make bread in Gombe..and on selling the bread...VAT IS PAID per loaf of bread sold Naturally, I won't be paying the VAT...I'll pass the cost of the VAT to the consumer in the form of even higher prices. Then there is the fact that states can and will increase VAT...because, you know, revenues from oil and allocations from Abuja are falling. At the end of the day, wahala dey. I am all for restructuring and more autonomy for the states, but I also know that you Nigerians don't want to pay higher for anything. 3 Likes 1 Share |
Re: VAT: FIRS’ Exclusive List Push Suffers Setback At NASS by Nobody: 6:15am On Sep 19, 2021 |
CondemnBattery: Precisely When are we going to clamour for things to be done right in this country? Which is why you should ask your state governor to ask for a more equitable distribution of the VAT cash, rather than push for states to collect VAT..which means higher prices. The road to hell is paved with good intentions. (I recall when VAT was brought in in the early 1990's. It led to increase in prices automatically. ) 1 Like |
Re: VAT: FIRS’ Exclusive List Push Suffers Setback At NASS by saferoom: 6:16am On Sep 19, 2021 |
Ok |
Re: VAT: FIRS’ Exclusive List Push Suffers Setback At NASS by Nobody: 6:16am On Sep 19, 2021 |
ottohan: Because my description scares you, and you have no response to it Ask your state governor for a more equitable distribution of vat...not for each state to collect VAT. You won't like it when each and every state collects VAT. |
Re: VAT: FIRS’ Exclusive List Push Suffers Setback At NASS by 27Pushing30: 6:17am On Sep 19, 2021 |
Modrovdeux: Your submission is totally wrong which means you don’t understand what VAT is 6 Likes 1 Share |
Re: VAT: FIRS’ Exclusive List Push Suffers Setback At NASS by Darkblood: 6:18am On Sep 19, 2021 |
Some people can't continue to receive proceeds from alcohol or businesses they Haram, let them stop getting money from alcohol sales since they Don't like it Modrovdeux: 4 Likes |
Re: VAT: FIRS’ Exclusive List Push Suffers Setback At NASS by Nobody: 6:20am On Sep 19, 2021 |
Darkblood: Yeah, which is why eventually, alcohol VAT can be shared among states that consume alcohol...excluding states like Kano. Plus booze is not the only VATABLE stuff...and it does not raise the highest level of VAT , you know. 2 Likes |
Re: VAT: FIRS’ Exclusive List Push Suffers Setback At NASS by saferoom: 6:21am On Sep 19, 2021 |
Lol |
Re: VAT: FIRS’ Exclusive List Push Suffers Setback At NASS by Nobody: 6:21am On Sep 19, 2021 |
27Pushing30: So, can you explain what VAT is, please.? Plus, here is what scares me Because it does not properly define the confusion that will arise from inter-state transactions, or e-commerce transactions where goods are sold in lagos but consumed in Yola, with both states having different rates, or the difference in Lagos’ 6% & FG’s 7.5% etc. Which means higher prices. SAUCE |
Re: VAT: FIRS’ Exclusive List Push Suffers Setback At NASS by AcademicWriter: 6:21am On Sep 19, 2021 |
countries should wanna the two gather jar simplicity. |
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