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Nigeria Introduces Taxation for Commercial Sex Workers in New Fiscal Policy Reform

Business
The Will
1 min read
Nigeria Introduces Taxation for Commercial Sex Workers in New Fiscal Policy Reform

The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, revealed that commercial sex workers, commonly known as "run girls," will be required to pay taxes under Nigeria's new tax framework. This decision follows the signing of four tax reform bills into law by President Bola Tinubu on June 26.

Oyedele explained that the new Tax Administration Act will differentiate between income from moral and immoral sources, making income earned by providing services taxable. He clarified that taxation will apply to any income earned from services rendered, regardless of societal perceptions.

The move aims to overhaul the country's fiscal revenue system and ensure taxation compliance across various income sources.

Plus234Feed summary based on reporting from The Will. Read the original report below.

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