Posted by Eddy
on August 13, 2008 at 18:43:07:
We suffer too much from multiple taxation in Nigeria and with the recent campaigns by the Lagos state govt on collecting tax from residents, it is becoming a burden for people to bear despite low income levels. Value added tax is a tax also called VAT that is place on all vatable goods and services when they are eithr bought or sold. It kind of replaces the sales tax and is even wider spread to cover more people who may want to evade tax. Most products that we buy are subject to tax. But i want to know, is it right fore people who earn below N10,000 be subjected to this same kind of tax since what they make is merely survival income
Posted by Wilfred Iwu
on October 18, 2008 at 19:42:17:
In Reply to: Modality of value added tax in nigeria posted by
Eddy on August 13, 2008 at 18:43:07:
i don't think that those who earn N10,000 and below have to pay personal income tax. I mean after the main deductions and personal allowances, you don't have to pay tax on just N10,000.
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