In Nigeria, Over 800,000 Firms Have Never Paid Taxes - Adeosun
Finance Minister Kemi Adeosun has revealed that more than 800,000 companies in Nigeria, including government contractors, have never paid ...
https://newshelmng.blogspot.com/2017/11/in-nigeria-over-800000-firms-have-never.html
Finance Minister Kemi Adeosun has revealed that more than 800,000
companies in Nigeria, including government contractors, have never paid
any taxes.
In a statement, she also said that only 14 million Nigerians, out of an economically active base of 70 million, paid taxes.
Of the 14 million, more than 95% were salary earners in the formal sector, but only 241 people paid personal income taxes amounting to about $65,500 (£50,000) in 2016, Ms Adeosun said.
There was "systematic tax evasion at all levels", and the government planned to step up efforts to increase tax collection, she added.
This would help reduce government reliance on oil revenue, Ms Adeosun said.
In a statement, she also said that only 14 million Nigerians, out of an economically active base of 70 million, paid taxes.
Of the 14 million, more than 95% were salary earners in the formal sector, but only 241 people paid personal income taxes amounting to about $65,500 (£50,000) in 2016, Ms Adeosun said.
There was "systematic tax evasion at all levels", and the government planned to step up efforts to increase tax collection, she added.
This would help reduce government reliance on oil revenue, Ms Adeosun said.
