Modrovdeux:


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.

Modrovdeux:


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.

Modrovdeux:


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.

Modrovdeux:


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.

Modrovdeux:


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.

Darkblood:
You are getting it wrong.
vat is tax on consumption, it's until u consume u incure that tax, the state where the product is consumed the most is where they vat will be collected, it's easy

There are some products which are VAT exempted like agric products states producing such produce should add value to it so they can get vat from it

. Enough of being spoonfed, governance should be left for smart people, If u can't think outside the box resign

ogwumgbe:


Yes in all that the States will have enough to execute projects instead of sending it to the Federal government that will use our tax money to higher 100 private jets to attend the wedding party of a jobless elite in the North

CR777:


Stop making a fool of yourself Mr man, parasite.

chiiraq802:


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.

skywalker240:

Abokii go sitdown one side with your burukutu mindset.

Modrovdeux:


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.

Modrovdeux:


At the expense of higher prices for beer, and higher airtime prices too.....because now each state is charging VAT on everything.

But no, we have to beat those Northerners....

(A lot of Southerners too were at that wedding. Nigeria's elite are a tribe on their own)

ogwumgbe:


Well it will encourage industrialization, anything that will make the governors to stop being lazy and sit up is welcome. If Beer in Lagos will cost higher prize in Anambra, then Anambra should produce their own beer and boycott Lagos beer, that's development and creating more jobs.

Facidio:

Oga shut up. We don't care. All we want is states should collect vat. Simple as ABC

Modrovdeux:


Good morning to you too, Mr wise old man, whose wisdom exceeds that of Solomon.

P.S : You don't need to be abusive. It reflects badly on you and makes you look like a child. Only children who are poorly brought up talk the way you do.

But do go on. Abuse me more, if it makes you feel better....go on.

Modrovdeux:


I hope it works that way.

Modrovdeux:


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.

Modrovdeux:
.

ogwumgbe:


Well it will encourage industrialization, anything that will make the governors to stop being lazy and sit up is welcome. If Beer in Lagos will cost higher prize in Anambra, then Anambra should produce their own beer and boycott Lagos beer, that's development and creating more jobs.

Modrovdeux:
...

If it was that easy, then why do companies with a national outlook pay their VAT for their national profits...in Lagos where their HQ is?

Plus, if I buy goods wholesale in Lagos for sale elsewhere...it would be counted as 'consumption' for the purposes of taxation.(Because states are broke and need the money)

At the end of the day, there would be dobule taxation.

Then I haven;t mentioned that states can raise VAT at a higher level than the federal government because....most states don't have enough cash, and are in debt.

All in all, whether dobule taxation or higher VAT...you the consumer pays higher.




In other words, states should charge VAT on their agric produce.....okay. (Price rises coming up....)



So a situation where a bottle of Star lager increases in price because of multiple taxation due to VAT is optimal for you?

Or a situation where prices of airtime and data go up because each and every state is charging VAT on calls made in their territory..is good for you too?

Right....

(And yes, most governors are lazy, and yes they should charge more tax. But VAT by the states is not the way forward)

decatalyst:
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.

walemoney007:
Can you list a country in the world, where the central Govt is collecting VAT?

skywalker240:


now he has resorted to what they know how to do best, emotional blackmail.

skywalker240:

Abokii go sitdown one side with your burukutu mindset.

blackpanda:


You are mistaking production for collection of vat. State govts don't manufacture anything, they will just focus on increasing tax to make more money. The governor's don't drink ur local beers anyways. It's still the citizens that will suffer, businesses will close. And fgn will not be able to help u.

Modrovdeux:


In the UK, it is the central government

In India it is a state by state basis.

CondemnBattery:

They loot it, for their greedy purposes

blackpanda:


Don't bother. Many Nigerians aren't rational. In their mind, it's a tribal issue i.e north vs south

CR777:


You are right, my abusive nature is only activated when stupid people display their stupidity in the public. You know nothing about vat, just keep quiet and learn from those who do.

walemoney007:
Pardon my question.
Is the UK practising a federal system of government?
I agree with you in all what you are saying on this thread though.