Nigerians reacts as 7.5% VAT takes full effect across the all different parastatals in the country.
This comes after the Honourable Minister of Finance, Zainab Shamsuna Ahmed had earlier announced that the implementation of the 7.5% value added tax (VAT) rate under the new Finance Act will commence on 1 February 2020.
With the implementation now in full gear, Nigerians have taken to micro blogging site, Twitter to vent their anger.
According to some, the Government should be doing the necessary things instead of increasing the Value Added Tax which they claim will have effect on the masses.
See some reactions below:
Pls see the screenshot that indicates the 7.5% VAT charge is now being applied on mobile phonecalls
I guess only the rich make phone calls in Nigeria?
Where are the Buharinomics experts & Ajurian economists that claimed the increase won't affect the poor?
Purveyors of poverty! pic.twitter.com/ihoGghTBID
— The Revolutionary Seeker (WAEC) (@The_Seeker76) February 5, 2020
Buhari I see the Chess game ur playing
U gave us N33,000 via minimum wage
And ur taking the money back via 7.5% VATBuhari u rule like the devil
U give nothing for freeBuhari is Nigeria's #coronavirus pic.twitter.com/7vjR9yM0k3
— Captain Jack Sparrow ?? (@Jenkky_2fit) February 5, 2020
With this new 7.5% VAT somebody's daughter would expect somebody's son to spend more than 20 mins with her on the phone?
Who does that? pic.twitter.com/XDdvhjhxx9
— Tunde Jimoh (@iamtundegold) February 5, 2020
7.5% VAT won't affect the poor masses yen yen yen.
7.5% VAT is only for luxuries yen yen yen.
Now MTN is adding 7.5% VAT to calls/texts or sending texts & phone call is for the rich alone?.
The annoying part is we didn't even have good roads to show for all the before before tax.— Zaddy Ajala (@UNCLE_AJALA) February 5, 2020
If only this 7.5% VAT will be used to develop the Country, But all this Revenue generated from the Poor Masses will still be Looted by our Corrupt Officials and also for rehabilitating Fake repetent Boko Haram Members.
Nnamdi Kanu was Right, Nigeria is a ZOO!— Agunego Kosisochukwu (@iamversatile) February 5, 2020
Normally an SMS is N4 but today i sent a text and i observed it was N4.10K. Imagine 10kobo from 100Million people.
7.5% VAT is in everything now. Thank you Buhari for the yahoo yahoo government.
Buhari I wish u parents used Condoms that night pic.twitter.com/WmqWOV6xEY
— Captain Jack Sparrow ?? (@Jenkky_2fit) February 5, 2020
They said this "7.5% VAT" won’t affect the masses just those living luxurious life will get the most of it.
What is this one for calls and data that am seeing. Can you people explain please? pic.twitter.com/qIvjxaOItv
— SULTAN OF LAGOS (@SurtanLeee) February 5, 2020
Apparently, no one is safe from the claws of 7.5% VAT. I'm trying to figure out how this works but I can't. Shouldn't VAT be removed from my airtime recharge and not every call I make? pic.twitter.com/Yp4WiS7ykX
— Amos Adéjìmí (@omoadejimi) February 5, 2020