More than 800,000 Nigerian companies do not pay tax – Kemi Adeosun by Blessing 6/11/2017 | 3:59 0 Posted in Business, News, Politics, Social Issues Minister of Finance, Kemi Adeosun Minister of Finance Kemi Adeosun has revealed numbers of Nigerian companies that do not pay taxes. Adeosun in a statement said that more than 800,000 companies in Nigeria, including government contractors, have never paid any taxes. “Only 14 million Nigerians, out of an economically active base of 70 million, paid their taxes. “Of the 14 million, more than 95% were salary earners in the formal sector, but only 241 people paid personal income taxes amounting to about $65,500 (£50,000) in 2016,” Ms Adeosun said. She further revealed government’s plans to step up efforts to increase tax collection. “There was “systematic tax evasion at all levels,” and the government plans to step up efforts to increase tax collection. “This would help reduce government reliance on oil revenue,” Ms Adeosun added. Enjoy and Share Post:FacebookTwitterGoogleRedditLinkedInEmailPinterest Related Tags:000, 800, companies evade tax, Kemi Adeosun  Leave a Reply Cancel reply Your email address will not be published.Name Email Website Notify me of follow-up comments by email. Notify me of new posts by email.