Uber, PwC ensure taxis compliy with with tax

uber 1From OKORO CHINEDU in Lagos, Nigeria
LAGOS, (CAJ News) -UBER and PricewaterhouseCoopers (PwC) Nigeria have announced a partnership envisaged to close the transport industry tax gap in the country.

The partnership between the online transportation network company and multinational professional services firm comes as the transport industry remains largely informal, with no clarity on how much money is made and only negligible tax contributions to the state.

Uber and PwC, together with the Federal Inland Revenue Service (FIRS) and the Lagos State Internal Revenue Service (LIRS), have developed guidance to help demystify tax for potential drivers.

Taiwo Oyedele, a Partner in PwC’s tax practice, said for many drivers, this is the first time they are registering for tax and paying taxes, so having clear guidance on what to do is important.

“Further, as individuals succeed and begin to grow their own business,their tax obligations change, and this is where we find a lot of
challenges,” said Oyedele.

Ebi Atawodi, General Manager for Uber in Nigeria, says drivers using Uber know the importance of paying the right amount of tax.

“We are proud to say all driver-partners are required to sign up for Uber with their Tax Identification Number (TIN), showing they have registered with the authorities,” said Atawodi.

Atawodi said with the recent passing of the resolution on ridesharing by the Federal House of Representatives, Uber’s new partnerships would help all Nigerians embrace a sharing economy that could be a valuable contributor to the country.

LIRS commended Uber and PwC for the initiative.

– CAJ News

Short URL: http://cajnewsafrica.com/?p=14194

Posted by on Jul 18 2016. Filed under Africa & World, Finance, National, Regional, Software, Technology. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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