CSOs kick FIRS over proposed social media tax.

Written by on September 7, 2021

Civil Society Organisations on Monday condemned the Federal Inland Revenue Service over its decision to impose taxes on social media activities.
The FIRS is currently seeking the approval of the National Assembly to further amend the Finance Act for the purpose of dragging online businesses on the social media to its tax net.
The chairman of the agency, Muhammad Nami, stated this during an ongoing engagement between the Senate Joint Committees working on the Medium Term Expenditure Framework and Fiscal Strategy Paper, and heads of revenue generating agencies of the Federal Government.
Nami said apart from targeting the social media businesses, the proposed amendments to the Finance Act would also affect the Stamp Duty Act because some of the provisions were already obsolete.
Reacting to the proposal, the Executive Director, Civil Society Legislative Advocacy Centre, Auwal Rafsanjani, cautioned the revenue agency against doing anything that would affect the businesses of young Nigerians who were struggling to survive.
Also, the founding Director of Women Advocates Research and Documentation Centre, described the move as another plot to shut the social media against the people.
 Akiyode-Afolabi said, “The government can’t make money on everything when it’s not giving people back.

The Chairman of the Senate Committee on Finance, who is also coordinating the joints panels of the red chamber working on the MTEF/FSP, Senator Solomon Adeola, said the proposal would assist the FIRS to meet its revenue projection of N10tn in 2022.

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