Eighty per cent of taxable Nigerians do not have a taxpayer identification number and are therefore not paying taxes, the Chairman , Edo State Internal Revenue Service (EIRS), Sir Oseni Elemah,has revealed.
Elemah told NAN at the ongoing Annual Tax Conference (ATC) organised by the Chartered Institute of Taxation (CITN) in Abuja that such had paved way to high tax evasion and avoidance.
The Taxpayer Identification Number (TIN) is a unique number allocated and issued to.....
identify a person (individual or Company) as a duly registered taxpayer in Nigeria.
He stressed that the huge and massive leakages in Nigeria tax system as well as companies operating without filing annual assessment was due to lack of TIN. “When you calculate the tax income revenues Nigeria ought to have made and deduct it from the amount realised, we will all understand Nigeria is missing much.
He said in order to have a transparent tax administration that is accountable, all taxable Nigerians and companies must be made to get TIN.
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