Beggars In Nigeria Will Start Paying Tax – FG Says

The Nigerian government has stated that no one would be left out in the campaign to enlarge the tax revenue.

She said some beggars were earning millions and that “proceeds from begging are taxable. You are supposed to pay taxes even if your means of income is begging”.

Minister of Finance, Mrs. Kemi Adeosun said this in Lagos at a lecture at PWC’s Business School, with the theme: ‘Voluntary Assets and Income Declaration Scheme (VAIDS) Interactive Session for Executives and Business Owners.’

She said to ascertain the income status of the companies/individuals and their lifestyle, investigators would rely on information derived from Bank Verification Number (BVN), records of property ownership, records of foreign exchange allocation, and records of company ownership from the Corporate Affairs Commission (CAC), among others.



Adeosun said:

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“We are using some firms to trace assets internationally.The investigators’ findings will enable us to compare the income and how much tax the company/person is really paying, and that gives us lots of information.
“But we encourage people to come up and pay their taxes willingly. You can register a high-end car. It tells me something about your income.
“So, we look at your tax returns. If you registered Mercedes E-Class and you are paying N100,000 tax, then something is wrong. Those are red flags. We now have the capacity to assess people accurately.
“We are trying to build an economy where we have oil and other things. It is going to be oil plus and wider economy”.

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Posted: at 15-07-2017 02:08 PM (6 years ago) | Hero

Shut up madam all thing is to corner the money to the govt pocket

Posted: at 15-07-2017 02:15 PM (6 years ago) | Gistmaniac

Thunder would fire all of them dere, assuming they are utilizing d money we have already and we are seeing progress we would understand but all the money they claim to have collected from whistle blower to d ones returned from abacha loot etc, we have not seen any change or D money being used for good. This A PC govt it's like de jus have it in mind to make Nigerians suffer, for example look at wat de did with d data plan stuff, now de want to collect money from people that don't even have anything

Posted: at 15-07-2017 02:33 PM (6 years ago) | Gistmaniac

Nigerian government is getting worse and more confused everyday.it's time now the youths must rise up and put an end to all this rubbish,make thunder fire all of them

Posted: at 16-07-2017 08:44 PM (6 years ago) | Upcoming