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Nairaland Forum / Nairaland / General / Politics / Why The N50 Charge By Fg Is Corruption In Itself (45312 Views)
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Re: Why The N50 Charge By Fg Is Corruption In Itself by Modsenemy(f): 9:28pm On Jan 20, 2016 |
Can sm1 define tax for the OP? |
Re: Why The N50 Charge By Fg Is Corruption In Itself by Sweetlemon(f): 9:29pm On Jan 20, 2016 |
What I feel is that the amount is a little too much. N25 maximum is fine 1 Like |
Re: Why The N50 Charge By Fg Is Corruption In Itself by Nobody: 9:31pm On Jan 20, 2016 |
Tokt:oga u beta kip quite and stop talking rubbish.this present goverment are hell bent on suffering the common man.I wonder y some nigerians defend this people that don't fucking care about us.or are u been paid. 3 Likes |
Re: Why The N50 Charge By Fg Is Corruption In Itself by dammytosh: 9:32pm On Jan 20, 2016 |
Senseless post. Enforcing a law is corruption ? When all they read is headlines and whatever summary people give the body. The eediots prefer to run to UK or Canada and go and pay tax but cut corners in Nigeria. 5 Likes 1 Share |
Re: Why The N50 Charge By Fg Is Corruption In Itself by scachy(m): 9:33pm On Jan 20, 2016 |
Yorubago: No dinner for u tonight cos u missed FTC |
Re: Why The N50 Charge By Fg Is Corruption In Itself by Utchman1: 9:33pm On Jan 20, 2016 |
idupaul: Please FG is not your father. The earlier you understand that the better for you. You are complaining about 5% VAT where as you will pay 20% VAT in the UK. It is your responsibility to pay tax to the government. 4 Likes |
Re: Why The N50 Charge By Fg Is Corruption In Itself by Akainzo(m): 9:36pm On Jan 20, 2016 |
fotadmowmend: Let me just share this to help you, if you do more than 5 transactions from any bank in the US, you will incur charges for subsequent transactions. In Canada, Most of the banks have the 1st 10 transactions as free, subsequent one will incur charges. At least, this are the one I know. So clearly, it is not only in Nigeria that customers pay for bank transactions. To prevent this charges, most people use their Credit Cards and then use one transaction from their bank account to pay it off. 2 Likes |
Re: Why The N50 Charge By Fg Is Corruption In Itself by Nobody: 9:37pm On Jan 20, 2016 |
Tokt:guy cool down,oga calm down wetin u don achieve?una go dey nairaland dey clame achievement and don't be surprise u never chop this night. 2 Likes |
Re: Why The N50 Charge By Fg Is Corruption In Itself by scachy(m): 9:37pm On Jan 20, 2016 |
Super1Star: U r completely wrong Sir, not every Act, Law is genuine n in the interest of average person. Some Act n laws r meant to benefit few elites n suffer poor majority in d country. SureP was established by an act, which many ordinary Nigerians benefited from. yet, the then opposition said it was an avenue for GEJ to syphon our common wealth. 1 Like |
Re: Why The N50 Charge By Fg Is Corruption In Itself by uhiochris1(m): 9:42pm On Jan 20, 2016 |
As a student if you parents send you N2000, FG will take 50 if you withdraw the money bank will take its share + SMS charges after that how much are you gonna go back with. Nawa oooo Best Regards, Chris. 2 Likes 1 Share |
Re: Why The N50 Charge By Fg Is Corruption In Itself by Akainzo(m): 9:42pm On Jan 20, 2016 |
scachy: The only way to prove an Act or Law is not in the best interest of the average Nigerian, is to challenge the law in a law court. |
Re: Why The N50 Charge By Fg Is Corruption In Itself by jerecrown(m): 9:43pm On Jan 20, 2016 |
Stop babbles dt is d change u voted for. Why murmuring 1 Like |
Re: Why The N50 Charge By Fg Is Corruption In Itself by m1amr(m): 9:46pm On Jan 20, 2016 |
hmmm good analysis but rotten brain |
Re: Why The N50 Charge By Fg Is Corruption In Itself by linusbnn(m): 9:46pm On Jan 20, 2016 |
Tokt: Don't say what you don't know just to justify your ignorance 2 Likes |
Re: Why The N50 Charge By Fg Is Corruption In Itself by rhapsody: 9:50pm On Jan 20, 2016 |
It's very disgusting when I see headlines and posts like this. The stamp duty act has been in existence since God knows when and Nipost has been battling for years to implement it.The money goes into TSA. And it has noting to do with budget. It's like crying wen custom enforce custom duties. Until we begin to embrace taxes in this country we are goin now wer. Som1 wasted 2.1 billion on election u say it's witch hunting, if you had paid 100k tax u will Def see tins differently. We travel all over the world and pay taxes on everything we do but we don't complain, to pay N50 for one transaction u enter Naira land dey talk rubbish. Smh 6 Likes |
Re: Why The N50 Charge By Fg Is Corruption In Itself by Donliv: 9:51pm On Jan 20, 2016 |
Super1Star:FG only implemented law that will favour them not the masses. A poor man that receives 10k as his monthly salary and a senator that receives millions/per month will be charged the same amount. 1 Like |
Re: Why The N50 Charge By Fg Is Corruption In Itself by enone(m): 9:53pm On Jan 20, 2016 |
I think people need to be sensitized on this,this will will discourage the FINANCIAL INCLUSION and CASHLESS POLICY we are trying to achieve. |
Re: Why The N50 Charge By Fg Is Corruption In Itself by Donliv: 9:55pm On Jan 20, 2016 |
This is change indeed and some mofos are supporting FG for their wicked @act. 1 Like |
Re: Why The N50 Charge By Fg Is Corruption In Itself by richard870(m): 9:55pm On Jan 20, 2016 |
Super1Star:You are the daf-t. one here! .Kindly tell me the rationale behind the new policy #Mumu# 1 Like |
Re: Why The N50 Charge By Fg Is Corruption In Itself by SeanDada1(m): 9:55pm On Jan 20, 2016 |
NavierStokes: I can feel fashola's presence in the useless affairs of this country. Taxing everything from money, electricity, roads, water, 2 Likes |
Re: Why The N50 Charge By Fg Is Corruption In Itself by Etizz: 9:56pm On Jan 20, 2016 |
obasiken: Abeg tell am make he hear well... |
Re: Why The N50 Charge By Fg Is Corruption In Itself by Righttalk: 9:58pm On Jan 20, 2016 |
If u say it is a law, can u quote the section pls. 1 Like |
Re: Why The N50 Charge By Fg Is Corruption In Itself by nnemmpi(m): 9:58pm On Jan 20, 2016 |
I have said it again and again that these APC change name wayioo 2 Likes |
Re: Why The N50 Charge By Fg Is Corruption In Itself by Emyogalanya: 10:02pm On Jan 20, 2016 |
Pls barcanista do not come here and start typing trash northerners dont do bank transactions cos its against islam so hope you wont start calling me anti nigerian jobless ipobian ask ur president to charge for farm produce instead if he wants to raise money. The problem of tonye is that he is born and resident in port now he wants to form a nationalist but he is lost |
Re: Why The N50 Charge By Fg Is Corruption In Itself by Mmadu111: 10:05pm On Jan 20, 2016 |
Tokt:Agent of Darkness, a suppressor and a thief.. ... may your taste follow you all round |
Re: Why The N50 Charge By Fg Is Corruption In Itself by Khan1993: 10:05pm On Jan 20, 2016 |
How i wish we could be charge for every post on social media. Cos its always either slander or arrant nonsense. That said, can somebody please help me understand why the law wasnt implemented before because as said by some1 here, its not a new law. Again OP, did you say you read the whole budget, well i did too but on social media so i cant tell if its 1800 pages. From the budget, it palpable that more of this is iminent. I know i sound indifferent but with the price of crude oil nosediving(in case you havent noticed, its now below the assumed benchmark price) and the devaluation of naira each day, more of this expedient laws are pending. Lets learn to sacrifice for our country. |
Re: Why The N50 Charge By Fg Is Corruption In Itself by christconscious: 10:06pm On Jan 20, 2016 |
gcof:As far as am concerned ,that guy is an IDIOT or a KID...butress your point with fact anf figures .one can Bill gate in faceless forum like this....nonsense |
Re: Why The N50 Charge By Fg Is Corruption In Itself by Mboi: 10:08pm On Jan 20, 2016 |
Super1Star:He did not say it's not the law. Free your mind and read to understand. 1 Like |
Re: Why The N50 Charge By Fg Is Corruption In Itself by Mboi: 10:09pm On Jan 20, 2016 |
Tokt:You couldn't use urs |
Re: Why The N50 Charge By Fg Is Corruption In Itself by Naskiid(m): 10:10pm On Jan 20, 2016 |
easrael: [b]In a bid to boost Federal Government revenue base in the non-oil sectors of the economy against of falling revenue in the from oil sector, the Central Bank of Nigeria (CBN) has directed banks operating in the country to reduce stamp duty charges to N50 per eligible transaction in accordance with provisions of the Stamp Duties Act. CBN in circular issued yesterday explained that it was in recognition of this fact that banks and other financial institutions were enjoined to support governments’ revenue generation drive through compliance with the provisions of the Stamp Duties Act, LFN 2004 as reinforced by the court judgment in Suit No FHC/L/CS/1710/2013. The apex banking regulating body noted that with immediate effect, all Deposit Money Banks (DBMs) and other financial intuitions should commence the charging of N50 per eligible transactions in accordance with provisions of the Stamp Duties Act and Federal Government Financial Regulations 2009, that is, all receipts given by any bank or other financial institution in acknowledgement of service rendered in respect of electronic transfer and teller deposits from N1, 000 and above. The circular expressed that for the avoidance of doubt the following receipts are however exempted from imposition of Stamp Duties: Payments deposit or transfer by self to self-weather inter or intra bank and any form of withdrawal/ transfers from saving accounts. The circular noted that, “each DMB shall open an account designated as NIPOST Stamp Duties Account into which all charges collected shall be paid. “Other Financial Institution shall remit their Stamp Duty collections to any DMB of their choice,” the circular explained.[/b] 3 Likes |
Re: Why The N50 Charge By Fg Is Corruption In Itself by demarc001: 10:13pm On Jan 20, 2016 |
Super1Star:I believe when that act was signed, #1000 was not an amount anybody can come by easily everyday! So it was not an a charge to everybody. Today who pays in less than a thousand naira in the bank? They should simply say for every transaction. 1 Like |
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