Urgent Help... It's A Tax Issue - Business - Nairaland
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| Urgent Help... It's A Tax Issue by Nobody: 5:56pm On Nov 03, 2016 |
pls what's the official Age one will reach to start paying tax... am 26 and want to open patent medicine store but PSN said I should bring my tax clearance receipt... |
| Re: Urgent Help... It's A Tax Issue by CuteTj(m): 9:36pm On Nov 03, 2016 |
NurseEze1:There is no official age to start paying tax. I guess you're thinking its 18 and above but its not so. If you earn profit or income then you are liable to pay tax. Take for example, If a 1 year old child whose parents bought a property and registered it in his/her name. If the parents sell the house and make a gain on it, it is expected that the child (since its the kid's name on the property) pays tax. Tax laws doesn't recognise minors. If you make profit, then you definitely must pay tax... As for you, at 26 years old, haven't you worked with an organisation (either private or government) before now?? 1 Like |
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