HomeBusiness & EconomyFG Proposes NIN, Tax For Foreigners

FG Proposes NIN, Tax For Foreigners

The Federal Executive Council is proposing an amendment to the National Identity Management Commission Act to allow for foreigners living in the country to be issued the National Identification Number.

The FEC, on Wednesday, also proposed the Economy Stabilisation Bill to pave the way for the taxing of foreigners living and working in Nigeria.

The two proposed legislation are aimed to “expand the scope of registrable persons to include foreign individuals with the taxable presence or taxable source of income in Nigeria, and make provisions for the mandatory use of National Identification Number for transactions which are relevant for tax administration, and for related matters.”

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