Latest Nigeria News - Latest Naija Gists

FG begs Nigerians over misleading tweets on registration for account holders

WhatsApp

FG begs Nigerians over misleading tweets on registration for account holders

Buhari mourns family doctor Marliya Zayyana

The Federal Government of Nigeria has appealed to Nigerians for its tweets on the self certification procedure released yesterday.

Recall that WITHIN NIGERIA had reported that all persons who hold accounts in different financial institutions would have to collect and submit separate forms to each one of the institutions.

In a series of tweets on Friday, the Federal Government acknowledged that the tweets were misleading.

“We apologize for the misleading tweets (now deleted) that went up yesterday, regarding the completion of self-certification forms by Reportable Persons. The message contained in the
@firsNigeria,” it wrote.

“Notice does not apply to everybody. FIRS will issue appropriate clarification shortly.”

 

However, a clarification published by the Federal Inland Revenue Service (FIRS) showed that the directive applies to individuals and entities who have presence in more than one country.

“Reportable persons are often non-residents. And other persons who have a residence for tax purposes in more than one jurisdiction or country,” the FIRS said.

“Financial Institutions are expected to administer the Self Certification form on such account holders when the information at its disposal indicates that the account holder is a person resident for tax purpose in more than one jurisdiction.

“The information that indicates an account holder is a resident for tax purposes in more than one jurisdiction, is expected to be available to financial institutions during the account opening processes for the KYC and AML purpose.”

The post FG begs Nigerians over misleading tweets on registration for account holders appeared first on Within Nigeria.





Promote Your Music and Video With AfroNaija Today Please Whatsapp Dj AfroNaija On +2349092093564
What do you think about this song? We want to hear from you. Drop your comments

Aminat Aigbe

Aminat Aigbe is the first lady of afronaija and a very good blogger ( Original Mrs AfroNaija )

Related Articles

Leave a Reply

Your email address will not be published.