Business
CITN Tasks Tax Administrators On Intelligence Units
Tax administrators have been urged to create intelligence units to monitor the activities of the affluent to ensure that they paid tax.
Chairman, Ikeja District Society of Chartered Institute of Taxation of Nigeria (CITN) Mr Agbeluyi Olushola, made the call in an interview in Lagos last Wednesday.
He explained that the move would ensure that the well-to-do in the society were captured in the nation’s tax system.
He said the intelligence units should be manned by experts who would regularly monitor the activities of the rich in the society and ensure they were appropriately taxed.
Olushola noted that most wealthy Nigerians had the culture of evading tax and hiding under the influence of political fathers.
?The chairman said that the development was unhealthy for the nation’s economy.
?”They are the easiest to bring, its’ just the political will, you can do what is called profiling.
?”The tax agencies are supposed to have intelligence units. You zero in on some people to collect taxes. Ordinarily from day one till date, nobody will willingly want to go and pay tax.
?”So, sometimes you need to profile these people. You look at somebody who rented Tafawa Balewa Square for the wedding of the son and the second leg of that wedding is taking place in Dubai.
“You just put the name on the system, how much has this man paid in the past five years, possibly N500,000, there is no relation between N500,000 and what that person spent.
?”So, it is easy but you discover that possibly this man donated amount of money to the campaign programme of this person, so the political will is not there.
“I think changes, when they come, they become inevitable. The way Nigeria is going, the time for change is near, it may not be in the next two, three, five years but the time for change has come.”
Olushola also urged revenue agencies to develop the political will to ensure the prosecution of tax evaders.
Transport
Automated Points Concession : FAAN Workers Gave 72hrs To Revise Decisions In PH
Transport
FAAN Announces Pick-Up Points for Go-Cashless Cards
Business
Fidelity Bank To Empower Women With Sustainable Entrepreneurship Skills, HAP2.0
-
Politics3 days agoSenate Urges Tinubu To Sack CAC Boss
-
News3 days agoAmend Constitution To Accommodate State Police, Tinubu Tells Senators
-
News3 days agoDisu Takes Over As New IGP …Declares Total War On Corruption, Impunity
-
Business4 days ago
Crisis Response: EU-project Delivers New Vet. Clinic To Katsina Govt.
-
Business4 days ago
President Tinubu Extends Raw Shea Nuts Export Ban To 2027
-
Business3 days ago
President Tinubu Approves Extension Ban On Raw Shea Nut Export
-
Sports3 days ago
NDG: Rivers Coach Appeal To NDDC In Talent Discovery
-
Business3 days ago
Fidelity Bank To Empower Women With Sustainable Entrepreneurship Skills, HAP2.0
