Concerned about the deadline set by the Federal Government for implementation of the Tax Identification Number TIN policy for operating existing and new bank accounts by Nigerians, ActionAid a non government organisation has called for a review of the January 2020 deadline.
The Country Director of ActionAid Nigeria, Ene Obi made the call on Tuesday at the National Tax Summit jointly organised by ActionAid Nigeria in partnership with Tax Justice and Governance platform in Abuja the Nations Capital.
She said, cinsidering the high unemployment rate in the country, it has become increasingly difficult for an unemployed Nigerian to generate a TIN.
The TIN initiative was proposed by the federal government wherein it said that; from January 2020 Nigerians are required to produce their Tax Identification Numbers (TIN) before they can operate existing or new accounts.
The ActionAid boss suggested that Nigerians who already have a Bank Verification Number (BVN) should be allowed to harmonize it with their TIN in order to achieve quick results.
She further urged that FG should take the idea for consultation and look at whether the idea is sellable or not.
Mrs. Ene believes the country should be able to make Tax work for Nigerians, especially those who earn very little.
“If money for taxes are harnessed enough and widened by means of industrialization to create jobs for the masses, the money can work for us,”.
According to her, the two-day summit is seeking to look at people with multiple taxation, the issue of increase in VAT and more cooperate companies that can widen their tax base.
In his address at the Summit, the Assistant General Secretary of the Nigeria Labour Congress (NLC), James Eustace called on government to widen the tax network and explore all possibilities to ensure that big businesses, big cooperation pay their correct share of taxes to ensure that an effective regime is reviewed and implemented constructively to the benefit of Nigerians.
Verify your TIN today.. Clique Link Below.
https://tinverification.jtb.gov.ng/
(C) Control TV 2019.
