Business 65% Of Corporate Citizens Don’t Pay Tax – Okonjo-Iweala - Leadership

Vunderkind

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A recent diagnostic study of the country’s tax administration conduct by McKinsey &Company has shown that 65 per cent of eligible corporate tax payers, especially from the non-oil sector, are not filing returns to the Federal Inland Revenue Service (FIRS).

The minister of finance and coordinating minister of the economy, Mrs Ngozi Okonjo-Iweala, stated this yesterday at the FIRS Stakeholders Engagement Forum held in Lagos.

The minister who presented a keynote address at the event noted that the forum was being held on the heels of the successful hosting of the World Economic Forum on Africa (WEFA) by Nigeria, remarking that the Nigerian edition of the WEFA attracted 1,021 global participants, the highest attendance by any WEF, outside Davos; the headquarters of the forum.

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Source: #Leadership

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