Reps to probe tax compliance by Bolt, Uber, other car-hailing companies

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The lawmakers say the car-hailing companies have benefited from facilities of the federal government such as road and security network and should be fully accountable and up to date in tax remittances.

The House of Representatives has resolved to investigate tax compliance by car-hailing companies and other tech transport firms.

The yet-to-be constituted committee is to investigate the level of compliance of all Information and Communication Technology -aided transport companies with the country’s extant tax laws and report back within four weeks for further legislative action. He said ICT has had significant impacts on the way organisations operate, as it offers tremendous opportunities such as storing, processing, retrieving, disseminating and sharing of information.drivers are about N60,000 to N120,000 while the companies take off 20% and 25% respectively as commission from the earnings of each driver operating on their platforms.

 

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South Africa South Africa Latest News, South Africa South Africa Headlines