80% Nigerians Do Not Have Taxpayers Identification Numbers – Edo Tax Boss - Business - Nairaland
Nairaland Forum › Nairaland General › Business › 80% Nigerians Do Not Have Taxpayers Identification Numbers – Edo Tax Boss (1172 Views)
| 80% Nigerians Do Not Have Taxpayers Identification Numbers – Edo Tax Boss by ifyan(op): 9:25am On May 18, 2015 |
The Chairman , Edo State Internal Revenue Service (EIRS), Sir Oseni Elemah, on Sunday, said 80 per cent of taxable Nigerians have not yet keyed into Taxpayer Identification Number (TIN) developed to boost the Nigeria’s tax system. Elemah told the News Agency of Nigeria (NAN) at the ongoing Annual Tax Conference (ATC) organised by the Chartered Institute of Taxation (CITN) in Abuja that such had paved way to high tax evasion and avoidance. NAN reports that Taxpayer Identification Number (TIN) is a unique number allocated and issued to identify a person (individual or Company) as a duly registered taxpayer in Nigeria. He stressed that the huge and massive leakages in Nigeria tax system as well as companies operating without filing annual assessment was due to lack of TIN. “When you calculate the tax income revenues Nigeria ought to have made and deduct it from the amount realised, we will all understand Nigeria is missing much. He said in order to have a transparent tax administration that is accountable, all taxable Nigerians and companies must be made to get TIN. “A Nigerian becomes taxable when he or she becomes 18 years and earns a regular income, such individual must file annual returns for assessment. “Many Nigerians are still outside the tax net, it remains so without TIN number,’’ he said. He said that other sources of tax income generation include, Company’s Income Tax, Personal Income Tax, Petroleum Income Tax and Valued Added Tax (VAT) among others. According to Elemah, the country needs massive reforms that would drag all taxable Nigerians into tax net. “All taxable Nigerians and companies must be made to acquire TIN and this must go with immediate enforcements,’’ he said. He further said that TIN would bring immediate voluntary compliance. He added that TIN would bring Nigeria’s tax administration and practice in line with global best practices, enhance taxpayer identification and registration and minimise leakages in tax collection. “It would also facilitate information sharing between various tiers of Government, create a more conducive environment for investors and ultimately inspire greater confidence in Nigeria’s taxation system. “It is also a good medium to drain illegal taxes and double taxation,” he said (NAN) Source:http://nairausd..com/2015/05/80-nigerians-do-not-have-taxpayers.html
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| Re: 80% Nigerians Do Not Have Taxpayers Identification Numbers – Edo Tax Boss by Nobody: 9:30am On May 18, 2015 |
And why should we pay tax? What have then done with our oil money that should make us pay tax? |
| Re: 80% Nigerians Do Not Have Taxpayers Identification Numbers – Edo Tax Boss by ifyan(op): 9:35am On May 18, 2015 |
jcmaiah:This one thing l laugh whenever any Gov. in power say they want to introduce TAX in the State or Country. WHAT HAVE THEY DONE WE WHAT IS ALLOCATED THEM. 1 Like |
| Re: 80% Nigerians Do Not Have Taxpayers Identification Numbers – Edo Tax Boss by Nobody: 9:38am On May 18, 2015 |
Tax payers information (TIN) should be integrated with the National Identification management. (NIMC) Simple! |
| Re: 80% Nigerians Do Not Have Taxpayers Identification Numbers – Edo Tax Boss by ifyan(op): 9:43am On May 18, 2015 |
Brandnew2:Easy said than done.Did your thing they are not ready to bring in ideas to swindle FG for cash. My bro this Nigeria. You know |
| Re: 80% Nigerians Do Not Have Taxpayers Identification Numbers – Edo Tax Boss by Young03(m): 9:59am On May 18, 2015 |
Is like his right cus I don't av |
| Re: 80% Nigerians Do Not Have Taxpayers Identification Numbers – Edo Tax Boss by ifyan(op): 9:59am On May 18, 2015 |
Young03:You are not alone. |
| Re: 80% Nigerians Do Not Have Taxpayers Identification Numbers – Edo Tax Boss by Pavore9: 12:43pm On May 18, 2015 |
What is on ground that should make those Nigerians he highlighted feel comfortable with paying tax? |
| Re: 80% Nigerians Do Not Have Taxpayers Identification Numbers – Edo Tax Boss by ifyan(op): 8:03pm On May 18, 2015 |
Pavore9:True talk bro. |
| Re: 80% Nigerians Do Not Have Taxpayers Identification Numbers – Edo Tax Boss by CriticalThought: 8:26pm On May 18, 2015 |
Brandnew2:You know that is being done right? |
| Re: 80% Nigerians Do Not Have Taxpayers Identification Numbers – Edo Tax Boss by Nobody: 8:33pm On May 18, 2015 |
CriticalThought:Nope... |
| Re: 80% Nigerians Do Not Have Taxpayers Identification Numbers – Edo Tax Boss by CriticalThought: 8:39pm On May 18, 2015 |
Brandnew2:well, now you know |
| Re: 80% Nigerians Do Not Have Taxpayers Identification Numbers – Edo Tax Boss by Nobody: 8:44pm On May 18, 2015 |
CriticalThought:Great!! By the way..when is the Bank account/Visa integrated I.D cards coming out? |
| Re: 80% Nigerians Do Not Have Taxpayers Identification Numbers – Edo Tax Boss by CriticalThought: 8:45pm On May 18, 2015 |
Brandnew2:The ID card is already out, but not everyone is going to get it at the same time, I actually have a friend who used his own to withdraw money in front of my eyes. I was so happy. I am just waiting to collect my own. |
| Re: 80% Nigerians Do Not Have Taxpayers Identification Numbers – Edo Tax Boss by Nobody: 9:00pm On May 18, 2015 |
CriticalThought:Nice. So that should solve the problem of Taxation cuz the government would have direct access to the card users bank information and make direct deductions for their income Tax.. Am I correct? |
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