Nigerians have condemned the Federal Government’s proposed five per cent Value Added Tax (VAT) on online purchases.

The move, the government has said, is to raise revenue to fund the 2019 N8.9 trillion budget.

Executive Chairman of the Federal Inland Revenue Service (FIRS), Babatunde Fowler, said the government might appoint banks as agents to deduct five per cent VAT on all local online purchases with a bank card.

In an interview, Fowler said the policy could be in place by early next year.

Fowler, however, said the preferred choice for the government would be expanding the country’s tax base rather than increasing existing VAT.

Nigerians have expressed displeasure at the proposed policy which they say would adversely affect tech startups and businesses which have contributed significantly to job creation, Igbere TV reports.

They also fear that the introduction of the policy could add to a growing number of existing charges that bank debit cardholders already face.

Source; http://igberetvnews.com/876489/nigerians-reacts-to-proposed-5-vat-on-online-purchases/

Well, I stopped using card, I pay via cash with draw and pay into the account or do wire transfer.

Lol, nigerians want testimony without test.

They want good tidings but don't wanna bring anything to d table.

Oshodi and Ladipo, here I come
by the time Buhari finishes with Nigeria, Jumia and Shoprite will start hawking their goods by the road sides

Make una de online they reactions maybe una be chemical or solution

We all pay vat when we buy vatable goods by cash. So, what’s wrong with paying vat when we buy vatable goods online? If what you are buying is not excluded by the VAT act, you must pay vat irrespective of whether you’re buying online or paying cash directly.

In addition, FG needs to start imposing income tax on foreign social media platforms like Google, Facebook, Twitter and Instagram. All revenues generated by these platforms from Nigeria should be fully subjected to Nigeria taxes.

Sai Buhari....consumption tax is being enjoyed by Lagos State Government (home stead of Fowler)

Hmm what can I say.

It means online shops like Jumia and Konga will increase prices of items and everyone will go back to the local markets

Thats the only thing this government is excellent at, taxing the already poverty stricken populace.
I transfer money to you, FG collects cut.
I make purchase online FG collects cut.
On top of it all i will still pay tax.
And we are like close to 200 million people in this shithole.
Yet ordinary 30k minimum wage, they have been speaking grammar for months now.
What a government!!

Oya make we comot protest, for where? all these wretched government E rats on this forum notably . This wickedness you guys are aiding purely for selfish reasons must consume you all.

Verily verily there was a country

This same government that is finding it difficult to implement ordinary 30k minimum wage.

Chinua Achebe

Fela Anikulapo Kuti

Nnamdi kanu

. . . are the John the Baptist of our time.

Mad ppl

This government only have interest in what pleases them. The only time they remember the masses is when it's campaign time. Then you will see free kerosene and sachet rice.

Wow, right thinking government

Kudos

Okay

Lol

So this people want to place tax burden on my customers!

This is not a good move, for people who are squeezing themselves to be able to get afford gadgets they need.

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Ikem11:
Lol you guys voted then in so enjoy.. When that fail they will make 1MB to be N1000 to fund 2020 budget... Then all those monikas and blogs that campaigned for them hunger go do una 30

olanrewaju99:
The way my dear country is been govern only when we all wake up from our slumber then we can vote our conscience, PDP scam APC fraudster with experienced hardened criminals. The poor still have to contribute for the rich ones to get richer.... Las Las everyone will still lay 6ft under the ground what a mystery.

People want development and keep making noise about how foriegn countries here but are not ready for what the foriegn countries do. Here in the US they task everything u buy, cash, online, debit machines anything. This is just an example of me trying to buy a tv worth over $1000. The tax is about $68 added to the original price of the tv which is 6% of the original cost.

Always reacting online

theenchanter:
Lol, nigerians want testimony without test.

They want good tidings but don't wanna bring anything to d table.

You are not a good thinker .. Do you realise the money inside personal bank accounts have already been taxed ?

5%

Are they joking??

I wouldn't be surprised if this includes card payments on the government Remita platform. Imagine paying tax to the government because you want to "pay" them.

OKAY

Taxing Nigerians to oblivion.

Yet nothing to show for it.

All e-commerce/online business are currently paying VAT, which is transferred to the consumers, so what other VAT are they talking about.

na Satan go punish these useless people and their even more useless supporters

SirLakes:
Wow, right thinking government

Kudos

Nothing right thinking there ..this is is brazen theft and at best omonile taxation the Tinubu Tinubu theiving wants to plant

Rip to konga and jumia