Beggars In Nigeria Will Start Paying Tax : FG

The Federal government has stated that no one will be left out in the campaign to enlarge the tax revenue.

She said some beggars are earning millions and that " proceeds from begging are taxable.You are supposed to pay tax even if your source of income is begging ".

Minister of Finance,Mrs. Kemi adeosun said this is in a lagos at a lecture at PWC's Business school , with the theme : 'Voluntary Assets and Income Declaration scheme' VAIDS Interactive Section For Executives and Business owner's'.She said to ascertain the income status of the companies/ individual and their life style ,investigators would rely on the information derived from the Bank Verification Number BVN, records of property ownership,records of foreign exchange allocation,records of  company ownership from the board and chairs commission among others.

Adeosun said  " we are using some firm to trace assets intentionally .The investigators' findings will enable us to compare the income and how much tax the company/person is really paying,and that gives us a lot of information ."But we encourage people to come up and pay their tax Willy.You can registered a high end car.It tells me something your income."so, we look at your tax returns. if you registered Mercedes E- class and you are paying N100,000 tax,then  something is wrong.Those are red flags.We now have the capacity to assess people accurately."We are  trying to build an economy where we have oil and others things.it is going to be oil plus and wider economy ". She said