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Nairaland Forum / Entertainment / Celebrities / 4 Reasons Some Nigeria Celebrities Don't Pay Personal Income Tax (221 Views)
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4 Reasons Some Nigeria Celebrities Don't Pay Personal Income Tax by Extrastiv01(m): 9:28am On Jun 07, 2023 |
In Nigeria, personal income tax is a tax on individuals' earnings used to fund public services. It is administered by the Federal Inland Revenue Service (FIRS) and varies based on income levels and tax brackets. Some individuals, celebrities especially, may refuse to pay this tax for various reasons. 📄Tax evasion Some people intentionally avoid paying taxes by underreporting their income, inflating deductions, or engaging in other illegal activities to evade taxes. They may do this to retain more of their income or to avoid government scrutiny. 📄 Some may refuse to pay personal income tax as a form of protest against specific tax policies or government actions. They may believe that the tax system is unfair, inefficient, or mismanaged and choose to withhold their tax payments as a form of civil disobedience. 📄Lack of trust and dissatisfaction is also a reason people refuse to pay personal income tax if they perceive corruption, wasteful spending, or a lack of accountability, they may choose to withhold their tax payment as a way of expressing their discontent. 📄Financial hardship: Some individuals may struggle to meet their financial obligations and find it difficult to pay personal income tax. They may prioritize other essential expenses or simply lack the funds necessary to fulfill their tax obligations.
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Re: 4 Reasons Some Nigeria Celebrities Don't Pay Personal Income Tax by helinues: 9:31am On Jun 07, 2023 |
They would rather lavish the money at party than pay their taxes The irresponsible public figures |
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