The
Nigerian government is leaving no stone unturned in the campaign to
enlarge the tax revenue as they just enforced that even beggars are
taxable because they make steady income.
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:
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”.
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:
?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.
?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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