Business
‘Capture Online Business Operators In Tax System’
The Abuja Chamber of
Commerce and Industry Limited (ACCI) has called on the Federal Government to devise workable means of capturing Nigerians online companies into the nation’s taxation system.
The President of ACCI, Mr Tony Ejinkonye, made the call in an interview with newsmen in Abuja.
The Tide recalled that the Federal Government had promised to explore other innovative methods to increase its revenue to finance the N6.08 trillion 2016 budget.
Government had recently, through the Minister of Budget and National Planning, Mr Udo Udoma said that it would not raise corporate tax because it did not want to impose additional burden on Nigerians.
It, however, said that those who made money and were not paying taxes should pay to government.
To this end, Ejinkonye noted that it was important for government to look towards the direction of online companies registered in Nigeria.
“In oversees, those online businesses are captured within the tax net.
“So it is up to government and the FIRS to ensure that the online business operators are within the tax nets.
“What they simply have to do is for government and the FIRS to capture them into tax net because remittances to these online businesses are through the banks.
“So through the banks, they can determine the level of turnover each of these companies make and simply put them in the tax net”.
Enjinkonye said that the only way government could actually fund infrastructure development and every other envisaged project in the country was to diversify its income inflows.
He explained that given the prediction that price of crude oil would still fall below 20 dollars,it was important to explore other sources of generating income.
“Even the small time business men, they make up a bulk of the economy, they must get into the tax net”, he said.
The ACCI President said that the organisation had already embarked on sensitisation drive to create awareness on the need for small business to support the government through payment of tax.
He added that it was the duty of the business community to support the current administration to salvage the economy.
Business
Kenyan Runners Dominate Berlin Marathons
Kenya made it a clean sweep at the Berlin Marathon with Sabastian Sawe winning the men’s race and Rosemary Wanjiru triumphing in the women’s.
Sawe finished in two hours, two minutes and 16 seconds to make it three wins in his first three marathons.
The 30-year-old, who was victorious at this year’s London Marathon, set a sizzling pace as he left the field behind and ran much of the race surrounded only by his pacesetters.
Japan’s Akasaki Akira came second after a powerful latter half of the race, finishing almost four minutes behind Sawe, while Ethiopia’s Chimdessa Debele followed in third.
“I did my best and I am happy for this performance,” said Sawe.
“I am so happy for this year. I felt well but you cannot change the weather. Next year will be better.”
Sawe had Kelvin Kiptum’s 2023 world record of 2:00:35 in his sights when he reached halfway in 1:00:12, but faded towards the end.
In the women’s race, Wanjiru sped away from the lead pack after 25 kilometers before finishing in 2:21:05.
Ethiopia’s Dera Dida followed three seconds behind Wanjiru, with Azmera Gebru, also of Ethiopia, coming third in 2:21:29.
Wanjiru’s time was 12 minutes slower than compatriot Ruth Chepng’etich’s world record of 2:09:56, which she set in Chicago in 2024.
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