Nigeria’s Minister of Finance, Kemi Adeosun has said that some beggars were earning millions and that government would look at their lifestyles and tax them.
According to Adeosun, tax is a matter of law and Nigerians should continue to pay. “We are trying to build an economy where we have oil and other things. It is going to be oil plus and wider economy,” she said.
She stated that no one would be left out in the campaign to enlarge the tax revenue.
“You are supposed to pay taxes even if your means of income is begging”.
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.
The minister said that the response being received so far showed that people were embracing the tax policy.
Got a news tip/information for us? Email email@example.com
Follow us on twitter @thesheet
Like us on Facebook @ www.facebook.com / The Sheet
This is a 2017 Copyright of thesheet.ng. You may wish to request express approval from thesheet.ng to republish.