30 million Nigerians have refused to pay taxes - Adeosun

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November 29, 2017 at 09:05AM
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David Oladele

- The minister of finance Kemi Adeosun has spoken on the active tax payers in Nigeria

- Adeosun said only 40 million out of over 70 million taxable adults in the country pay taxes

- She explained that taxation contributes to national development of any country of the world

The minister of finance Kemi Adeosun on Tuesday, November 28, declared that only 40 million out of over 70 million taxable adults in the country pay taxes.

The Nation reports that Adeosun made this declaration known at the first annual lecture of the Lagos tate professorial chair of tax and fiscal matters.

She said about 13 per cent of the active tax payers have their taxes deducted at source under the Pay as You Earn (PAYE) category.

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The minister said tax policies cannot be rigid and needed regular reviews so that many more of the 30 million defaulters pay their taxes.

According to her, ''I have kept asking why the 30 million people have refused to pay taxes. Another major challenge is the fact that many Nigerians have other sources of income, yet they are only taxed only through the PAYE. Yet, they earn so much from part-time jobs, and extra businesses.''

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She noted that the new tax policies in the country must capture online businesses, entrepreneurship and others such as the film industry.

Adeosun, who explained the importance of taxation to national development, said every developed country has a well -developed tax policy and that Nigeria cannot be an exception.

Meanwhile, NAIJ.com had reported that the federal government was set to invite about 500 Nigerians who own properties and trusts abroad to determine their tax compliance here.

The development was made public by Kemi Adeosun, minister of finance, on Saturday, November 26.

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Source: Naija.ng

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30 million Nigerians have refused to pay taxes - Adeosun
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