Steer Beggars In Nigeria Will Start Paying Tax –Says FG

Beggars In Nigeria Will Start Paying Tax – FG
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: “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.
READ ALSO : How FRSC officials allegedly abandon
victims after chasing them into a ditch

“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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