FG proposes NIN, tax for foreigners

The Federal Executive Council (FEC) on Wednesday proposed an amendment to the National Identity Management Commission Act No. 23, 2007 to allow for foreigners living in the country to be issued the National Identification Number.

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

The Special Adviser to the President on Information and Strategy, Bayo Onanuga, revealed this while briefing State House Correspondents at the Aso Rock Villa, Abuja, on Wednesday.

According to him, the two proposed legislations 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 other related matters.

He further stated that the government proposes a new paragraph to Section 16, which states that any person, whether or not he is a citizen of Nigeria, who is deemed to be resident or otherwise is subject to tax in Nigeria under any legislation in force in Nigeria.