He said an increase in VAT will reduce the spending capacity of the people and might increase hardship.He spoke on Thursday during the 11th Bola Tinubu Colloquium marking his 67th birthday, at the International Conference Centre, Abuja.It may be recalled that, sequel to the approval of N30,000 as minimum wage by the National Assembly, the Minister of Budget and National Planning, Senator Udo Udoma; and the Chairman of the Federal Inland Revenue Service, Mr.
Udoma and Fowler who stated this on Tuesday when they appeared before the Senate Committee on Finance, said the increment was to, among others, enable the Federal Government to fund the new national minimum wage. Fowler said the proposed payable VAT by Nigerians based on the increment would actually be between 35 per cent and 50 per cent .DOWNLOAD THE PUNCH NEWS APP NOW ON
Warming up for 2023! Scam
Eye service
E seun sir o. E ba wa so fun won o.
Going by his script in the movie. Naija
😂😂😂😂
He advised the FG to widen the Tax Net & not that he said that 'THEY CAN'T'. They connote 2different meanings. Your's is misleading.
This is why I love this man and the people are always on his side in the South West. Asiwaju u r my leader. When. He talks u know a leader is speaking. PMB keep Asiwaju handy now and in 2023.
so much robbin wood
Keeping party loyalty n aspiration aside even tinubu knows dat buharis government is a joke
The positioning for 2023 has started in earnest...
🙌🙌
The first of what the demons will bring.. Baba AsiwajuTinubu you can only say but they will never listen.
Talking from experience, Lagos a case study under the then Gov. AsiwajuTinubu
😂 😂 😂 This must be a 'fake 'news😂 Rebuttal loading........
Help us tell them
When your sins begin to hunt you, you goof
Owner of Nigeria!
House of commotion. APC talks before they think. Dist one na PDP still do una?
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Halt proposed increase in VAT, Tinubu tells FG - The Nation NigeriaNational Leader of the All Progressives Congress (APC), Asiwaju Bola Ahmed Tinubu, has asked the federal government to halt the planned increase in... Planned game, What a birthday show gift to the buhari's and his insane admirers preaching shld start at home. The Lagos government tax almost everything without pitying the poor
Source: TheNationNews - 🏆 6. / 69 Read more »
MAN Cautions FG Against VAT IncrementThe Manufacturers Association of Nigeria (MAN) on Thursday said the proposed VAT rate incremement was unfriendly to the manufacturing sector. The Director-General of the association, Mr Segun Ajayi…
Source: LeadershipNGA - 🏆 4. / 77 Read more »
MAN cautions FG against VAT increment - The Nation NigeriaThe Manufacturers Association of Nigeria (MAN) on Thursday said the proposed VAT rate incremement was unfriendly to the manufacturing sector.
Source: TheNationNews - 🏆 6. / 69 Read more »
Nigeria’s employers’ union warns FG on VAT hike – Daily TrustNigeria’s employers union has warned the Federal Government not to go ahead with a proposal to increase the Value-Added Tax (VAT) charged in the country. On March 19, the government announced that a new VAT regime might be put in place after the nation’s upper legislative chamber approved a long-awaited new minimum wage of N30, … MBuhari ProfOsinbajo There are lots of channels govt can look at to raise money for the new wage: - National Assembly excess budget needs to be trimmed down first. - Govt should cut wastage by not venturing into a non-viable projects.. and so on.
Source: Daily Trust - 🏆 13. / 51 Read more »
VAT Increase: Economy Will Be More Vulnerable, Manufacturers Warn FG – Channels TelevisionThe masses are already miserable...this will add more salt to the injury... Story for d gods,who did u all voted for? That's just a tip,fuel increments is coming after ther so called 2nd term swearing in I hope he listens
Source: channelstv - 🏆 7. / 63 Read more »
VAT: MAN urges FG to harmonize taxes, levies to attract more investment - Vanguard News NigeriaThe Manufacturers Association of Nigeria, MAN, yesterday, advised the Federal Government to harmonize taxes/levies/fees payable by businesses in the country so as to attract more investments that would translate to higher productivity and more tax revenue for the government in the medium and long term.
Source: vanguardngrnews - 🏆 5. / 75 Read more »
FG, Don’t Increase VAT – Daily TrustThe Federal Government announced last week that it would soon send a request to the National Assembly to adjust the 2019 budget estimates in order to source for more funds to pay the new national minimum wage which was recently approved by the National Assembly. Minister of Budget and National Planning Udoma Udo Udoma, who …
Source: Daily Trust - 🏆 13. / 51 Read more »
What is your take on FG plans to increase VAT to 7.5% (1) - Vanguard News NigeriaThe Economic and Financial Crimes Commission (EFCC), on Wednesday in a Federal High Court opened its case in the trial of a former Director, Niger Delta Development Commission (NDDC), Tuoyo Omatsuli, over alleged N3.6 billion fraud. vanguardngr The “government” if one exist in Nigeria which I doubt, don’t care. Nigeria doesn’t have a functioning government though. vanguardngr why do you want to mess up what you FG did good? you can get the minimum wage paid by downsizing the NASS take home pay than increasing the vat vanguardngr Good idea!!!
Source: vanguardngrnews - 🏆 5. / 75 Read more »
‘VAT increase will pressure stock price, reduce patronage’ | The Guardian Nigeria News - Nigeria and World NewsCapital market experts fault proposed upward review of Value Added Tax, saying its implementation would further depress stocks’ price and increase transactions cost in the bourse. VAT Business Stocks Nigeria Nawa o. This, after they (FIRS) said they didn't say that!
Source: GuardianNigeria - 🏆 1. / 94 Read more »
NECA Kicks Against Plan To Increase VATThe Nigeria Employers’ Consultative Association (NECA), has cautioned against the planned increase of VAT by federal government. This is in reaction to indications that government might increase VA…
Source: LeadershipNGA - 🏆 4. / 77 Read more »