More than 800,000 Nigerian companies do not pay tax – Kemi Adeosunby Blessing 6/11/2017 | 3:59 0 Posted in Business, News, Politics, Social Issues Minister of Finance, Kemi AdeosunMinister 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.YOU MAY ALSO LIKE: I sold my child for N100,000, to treat myself – Enugu lady confessesShe 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. Previous Post Next Post Enjoy and Share Post:FacebookTwitterGoogleRedditLinkedInEmailPinterestloading... Tags:000, 800, companies evade tax, Kemi Adeosun  Leave a Reply Cancel replyYour email address will not be published.Name Email Website Notify me of follow-up comments by email. Notify me of new posts by email.