Mr.
Osy Chuke, explained that the only tax which such organizations was
exempted was income tax but that if they got involved in activities that
yielded profit, taxes had to be paid to the federal government from
such profits, adding that personal income taxes of their staff had to be
paid to the government.
“Nigerian tax laws do not necessarily exempt NGOs from paying taxes. Rather they recognise NGOs as basically no-for-profit entities, which are therefore exempted from paying Income Tax.
“Where, however, an NGO engages in activities from which it derives profits, then it will be required to pay taxes on such profits, like any other profit-making entity.
“Also, other than income taxes, NGOs are not exempt from paying taxes suck as Value Added Tax, VAT, on goods and services. They are also required to deduct and pay over Personal Income Tax from the salaries and allowances paid to their employees, amongst others,” he said
- See more at: http://www.vanguardngr.com/2014/10/ngos-must-pay-tax-firs-insists/#sthash.mI6TAvqF.dpuf
“Nigerian tax laws do not necessarily exempt NGOs from paying taxes. Rather they recognise NGOs as basically no-for-profit entities, which are therefore exempted from paying Income Tax.
“Where, however, an NGO engages in activities from which it derives profits, then it will be required to pay taxes on such profits, like any other profit-making entity.
“Also, other than income taxes, NGOs are not exempt from paying taxes suck as Value Added Tax, VAT, on goods and services. They are also required to deduct and pay over Personal Income Tax from the salaries and allowances paid to their employees, amongst others,” he said
- See more at: http://www.vanguardngr.com/2014/10/ngos-must-pay-tax-firs-insists/#sthash.mI6TAvqF.dpuf
Mr.
Osy Chuke, explained that the only tax which such organizations was
exempted was income tax but that if they got involved in activities that
yielded profit, taxes had to be paid to the federal government from
such profits, adding that personal income taxes of their staff had to be
paid to the government.
“Nigerian tax laws do not necessarily exempt NGOs from paying taxes. Rather they recognise NGOs as basically no-for-profit entities, which are therefore exempted from paying Income Tax.
“Where, however, an NGO engages in activities from which it derives profits, then it will be required to pay taxes on such profits, like any other profit-making entity.
“Also, other than income taxes, NGOs are not exempt from paying taxes suck as Value Added Tax, VAT, on goods and services. They are also required to deduct and pay over Personal Income Tax from the salaries and allowances paid to their employees, amongst others,” he said
- See more at: http://www.vanguardngr.com/2014/10/ngos-must-pay-tax-firs-insists/#sthash.mI6TAvqF.dpuf
“Nigerian tax laws do not necessarily exempt NGOs from paying taxes. Rather they recognise NGOs as basically no-for-profit entities, which are therefore exempted from paying Income Tax.
“Where, however, an NGO engages in activities from which it derives profits, then it will be required to pay taxes on such profits, like any other profit-making entity.
“Also, other than income taxes, NGOs are not exempt from paying taxes suck as Value Added Tax, VAT, on goods and services. They are also required to deduct and pay over Personal Income Tax from the salaries and allowances paid to their employees, amongst others,” he said
- See more at: http://www.vanguardngr.com/2014/10/ngos-must-pay-tax-firs-insists/#sthash.mI6TAvqF.dpuf
Mr.
Osy Chuke, explained that the only tax which such organizations was
exempted was income tax but that if they got involved in activities that
yielded profit, taxes had to be paid to the federal government from
such profits, adding that personal income taxes of their staff had to be
paid to the government.
“Nigerian tax laws do not necessarily exempt NGOs from paying taxes. Rather they recognise NGOs as basically no-for-profit entities, which are therefore exempted from paying Income Tax.
“Where, however, an NGO engages in activities from which it derives profits, then it will be required to pay taxes on such profits, like any other profit-making entity.
“Also, other than income taxes, NGOs are not exempt from paying taxes suck as Value Added Tax, VAT, on goods and services. They are also required to deduct and pay over Personal Income Tax from the salaries and allowances paid to their employees, amongst others,” he said
- See more at: http://www.vanguardngr.com/2014/10/ngos-must-pay-tax-firs-insists/#sthash.mI6TAvqF.dpuf
“Nigerian tax laws do not necessarily exempt NGOs from paying taxes. Rather they recognise NGOs as basically no-for-profit entities, which are therefore exempted from paying Income Tax.
“Where, however, an NGO engages in activities from which it derives profits, then it will be required to pay taxes on such profits, like any other profit-making entity.
“Also, other than income taxes, NGOs are not exempt from paying taxes suck as Value Added Tax, VAT, on goods and services. They are also required to deduct and pay over Personal Income Tax from the salaries and allowances paid to their employees, amongst others,” he said
- See more at: http://www.vanguardngr.com/2014/10/ngos-must-pay-tax-firs-insists/#sthash.mI6TAvqF.dpuf
 |
| Ngozi Okonjo-Iweala, Coordinating Minister of the Economy |
Non-governmental organisations in the
country are not exempted from paying taxes, the Federal Inland Revenue
Service has declared.
According to the service, insinuations that NGOs, as not-for-profit organisations, are exempted from paying taxes are incorrect.
Speaking to members of different NGOs
during a sensitisation meeting in Abuja on Thursday, the Acting
Executive Chairman, FIRS, Mr. Kabiru Marshi, said “Nigerian tax laws do
not necessarily exempt NGOs from paying taxes.
“As an emerging economy, Nigeria is
moving away from resource dependence and focusing more on sustainable
sources of revenue, especially taxation. We cannot, therefore, afford to
leave behind any taxpayer segment, neither can any group of taxpayers
seek to exempt themselves from contributing to the development of
Nigeria through paying taxes, except as permitted by law.”
Marshi, who was represented by the
Coordinating Director, Modernisation Group, FIRS, Mr. Ossy Chuke, stated
that where an NGO engaged in activities from which it derived profit,
it would be required to pay taxes on such profits like any other
profit-making entity.
“NGOs are not exempted from paying taxes
such as Value Added Tax on goods and services. They are also required
to deduct and pay personal income tax from salaries and allowances paid
to their employees, among others.”
“Nigerian tax laws do not necessarily exempt NGOs from paying taxes. Rather they recognise NGOs as basically no-for-profit entities, which are therefore exempted from paying Income Tax.
“Where, however, an NGO engages in activities from which it derives profits, then it will be required to pay taxes on such profits, like any other profit-making entity.
Mr.
Osy Chuke, explained that the only tax which such organizations was
exempted was income tax but that if they got involved in activities that
yielded profit, taxes had to be paid to the federal government from
such profits, adding that personal income taxes of their staff had to be
paid to the government.
“Nigerian tax laws do not necessarily exempt NGOs from paying taxes. Rather they recognise NGOs as basically no-for-profit entities, which are therefore exempted from paying Income Tax.
“Where, however, an NGO engages in activities from which it derives profits, then it will be required to pay taxes on such profits, like any other profit-making entity.
“Also, other than income taxes, NGOs are not exempt from paying taxes suck as Value Added Tax, VAT, on goods and services. They are also required to deduct and pay over Personal Income Tax from the salaries and allowances paid to their employees, amongst others,” he said
- See more at: http://www.vanguardngr.com/2014/10/ngos-must-pay-tax-firs-insists/#sthash.mI6TAvqF.dpuf
“Nigerian tax laws do not necessarily exempt NGOs from paying taxes. Rather they recognise NGOs as basically no-for-profit entities, which are therefore exempted from paying Income Tax.
“Where, however, an NGO engages in activities from which it derives profits, then it will be required to pay taxes on such profits, like any other profit-making entity.
“Also, other than income taxes, NGOs are not exempt from paying taxes suck as Value Added Tax, VAT, on goods and services. They are also required to deduct and pay over Personal Income Tax from the salaries and allowances paid to their employees, amongst others,” he said
- See more at: http://www.vanguardngr.com/2014/10/ngos-must-pay-tax-firs-insists/#sthash.mI6TAvqF.dpuf
Marshi said the FIRS would provide an
elaborate explanation detailing the requirements of various
organisations in the country with respect to the payment of taxes.
The FIRS boss also said that the service had centralised all NGO tax issues in its Medium Tax Office in Abuja.
This, he said, was to enable it better
identify and monitor NGOs for tax purposes, improve its turnaround time
on NGO issues and provide bespoke services to them.
“A more detailed presentation will be
made on the tax obligations of the NGOs so that there is greater clarity
on the part of taxpayers, tax officers, tax professionals and, of
course, NGO operators,” he added.
Marshi told members of the NGOs that
their tax files were now domiciled in the MTO and any such files yet to
be sent to the office would be transferred shortly.
According to him, the sensitisation
programme will “provide information on what types of entities constitute
NGOs so that the FIRS can make clear which files are to be transferred
to the MTO.”
Mashi,
who was represented by the Coordinating Director of Modernisation, Mr.
Osy Chuke, explained that the only tax which such organizations was
exempted was income tax but that if they got involved in activities that
yielded profit, taxes had to be paid to the federal government from
such profits, adding that personal income taxes of their staff had to be
paid to the government.
“Nigerian tax laws do not necessarily exempt NGOs from paying taxes. Rather they recognise NGOs as basically no-for-profit entities, which are therefore exempted from paying Income Tax.
“Where, however, an NGO engages in activities from which it derives profits, then it will be required to pay taxes on such profits, like any other profit-making entity.
“Also, other than income taxes, NGOs are not exempt from paying taxes suck as Value Added Tax, VAT, on goods and services. They are also required to deduct and pay over Personal Income Tax from the salaries and allowances paid to their employees, amongst others,” he said.
He disclosed that a Medium Tax Office had been opened in Abuja to handle NGOs’ tax issues as part of the organisation’s move to create specialized offices for various taxpayer groups.
In an opening address, the Coordinating Director, Field Operations Group, Mr. Ajayi Bamidele, noted that the contributions of NGOs were recognised in the society as they undertook shared responsibility with government for social and development needs of the country, thereby relieving the financial burden which otherwise should have been government’s responsibility.
- See more at: http://www.vanguardngr.com/2014/10/ngos-must-pay-tax-firs-insists/#sthash.mI6TAvqF.dpuf
“Nigerian tax laws do not necessarily exempt NGOs from paying taxes. Rather they recognise NGOs as basically no-for-profit entities, which are therefore exempted from paying Income Tax.
“Where, however, an NGO engages in activities from which it derives profits, then it will be required to pay taxes on such profits, like any other profit-making entity.
“Also, other than income taxes, NGOs are not exempt from paying taxes suck as Value Added Tax, VAT, on goods and services. They are also required to deduct and pay over Personal Income Tax from the salaries and allowances paid to their employees, amongst others,” he said.
He disclosed that a Medium Tax Office had been opened in Abuja to handle NGOs’ tax issues as part of the organisation’s move to create specialized offices for various taxpayer groups.
In an opening address, the Coordinating Director, Field Operations Group, Mr. Ajayi Bamidele, noted that the contributions of NGOs were recognised in the society as they undertook shared responsibility with government for social and development needs of the country, thereby relieving the financial burden which otherwise should have been government’s responsibility.
- See more at: http://www.vanguardngr.com/2014/10/ngos-must-pay-tax-firs-insists/#sthash.mI6TAvqF.dpuf
Mashi,
who was represented by the Coordinating Director of Modernisation, Mr.
Osy Chuke, explained that the only tax which such organizations was
exempted was income tax but that if they got involved in activities that
yielded profit, taxes had to be paid to the federal government from
such profits, adding that personal income taxes of their staff had to be
paid to the government.
“Nigerian tax laws do not necessarily exempt NGOs from paying taxes. Rather they recognise NGOs as basically no-for-profit entities, which are therefore exempted from paying Income Tax.
“Where, however, an NGO engages in activities from which it derives profits, then it will be required to pay taxes on such profits, like any other profit-making entity.
“Also, other than income taxes, NGOs are not exempt from paying taxes suck as Value Added Tax, VAT, on goods and services. They are also required to deduct and pay over Personal Income Tax from the salaries and allowances paid to their employees, amongst others,” he said.
He disclosed that a Medium Tax Office had been opened in Abuja to handle NGOs’ tax issues as part of the organisation’s move to create specialized offices for various taxpayer groups.
In an opening address, the Coordinating Director, Field Operations Group, Mr. Ajayi Bamidele, noted that the contributions of NGOs were recognised in the society as they undertook shared responsibility with government for social and development needs of the country, thereby relieving the financial burden which otherwise should have been government’s responsibility.
- See more at: http://www.vanguardngr.com/2014/10/ngos-must-pay-tax-firs-insists/#sthash.mI6TAvqF.dpuf
“Nigerian tax laws do not necessarily exempt NGOs from paying taxes. Rather they recognise NGOs as basically no-for-profit entities, which are therefore exempted from paying Income Tax.
“Where, however, an NGO engages in activities from which it derives profits, then it will be required to pay taxes on such profits, like any other profit-making entity.
“Also, other than income taxes, NGOs are not exempt from paying taxes suck as Value Added Tax, VAT, on goods and services. They are also required to deduct and pay over Personal Income Tax from the salaries and allowances paid to their employees, amongst others,” he said.
He disclosed that a Medium Tax Office had been opened in Abuja to handle NGOs’ tax issues as part of the organisation’s move to create specialized offices for various taxpayer groups.
In an opening address, the Coordinating Director, Field Operations Group, Mr. Ajayi Bamidele, noted that the contributions of NGOs were recognised in the society as they undertook shared responsibility with government for social and development needs of the country, thereby relieving the financial burden which otherwise should have been government’s responsibility.
- See more at: http://www.vanguardngr.com/2014/10/ngos-must-pay-tax-firs-insists/#sthash.mI6TAvqF.dpuf
Mashi,
who was represented by the Coordinating Director of Modernisation, Mr.
Osy Chuke, explained that the only tax which such organizations was
exempted was income tax but that if they got involved in activities that
yielded profit, taxes had to be paid to the federal government from
such profits, adding that personal income taxes of their staff had to be
paid to the government.
“Nigerian tax laws do not necessarily exempt NGOs from paying taxes. Rather they recognise NGOs as basically no-for-profit entities, which are therefore exempted from paying Income Tax.
“Where, however, an NGO engages in activities from which it derives profits, then it will be required to pay taxes on such profits, like any other profit-making entity.
“Also, other than income taxes, NGOs are not exempt from paying taxes suck as Value Added Tax, VAT, on goods and services. They are also required to deduct and pay over Personal Income Tax from the salaries and allowances paid to their employees, amongst others,” he said.
He disclosed that a Medium Tax Office had been opened in Abuja to handle NGOs’ tax issues as part of the organisation’s move to create specialized offices for various taxpayer groups.
In an opening address, the Coordinating Director, Field Operations Group, Mr. Ajayi Bamidele, noted that the contributions of NGOs were recognised in the society as they undertook shared responsibility with government for social and development needs of the country, thereby relieving the financial burden which otherwise should have been government’s responsibility.
- See more at: http://www.vanguardngr.com/2014/10/ngos-must-pay-tax-firs-insists/#sthash.mI6TAvqF.dpuf
“Nigerian tax laws do not necessarily exempt NGOs from paying taxes. Rather they recognise NGOs as basically no-for-profit entities, which are therefore exempted from paying Income Tax.
“Where, however, an NGO engages in activities from which it derives profits, then it will be required to pay taxes on such profits, like any other profit-making entity.
“Also, other than income taxes, NGOs are not exempt from paying taxes suck as Value Added Tax, VAT, on goods and services. They are also required to deduct and pay over Personal Income Tax from the salaries and allowances paid to their employees, amongst others,” he said.
He disclosed that a Medium Tax Office had been opened in Abuja to handle NGOs’ tax issues as part of the organisation’s move to create specialized offices for various taxpayer groups.
In an opening address, the Coordinating Director, Field Operations Group, Mr. Ajayi Bamidele, noted that the contributions of NGOs were recognised in the society as they undertook shared responsibility with government for social and development needs of the country, thereby relieving the financial burden which otherwise should have been government’s responsibility.
- See more at: http://www.vanguardngr.com/2014/10/ngos-must-pay-tax-firs-insists/#sthash.mI6TAvqF.dpuf
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