The House of Representatives has set up an Ad-hoc Committee to look into the level at which all Information Communication Technology (ICT) enabled Transport Companies comply with the payment of requisite taxes into government coffers in line with the country’s extant Tax Laws.
This resolutiin was adopted by the House after a motion by Hon. Ganiyu Abiodun Johnson at the plenary on Thursday.
While presenting the motion, Hon. Johnson mentioned that many transportation activities now occur through online booking and payments which makes ordering of the services easier and efficient.
He noted that the online transport companies, Bolt and Uber, earn between 60,000 to 120,000 on the average every week while the companies take off 20% and 25% respectively as commission from the earnings of drivers operating on their platform.
He stated further that the companies have benefitted from facilities of the Federal Government such as road and security network which grants them ease of doing business and should thus, be accountable and up to date in their tax remittances.
Hon. Johnson further expressed that it is unclear whether the transport companies are in full compliance with the requirements of the Companies and Allied Matters Act, considering the fact that their services are procured online.
The House therefore, resolved that transport companies such as Bolt and Uber which, offer technology-based services are to be placed under watch within four weeks by the committee and report back to the legislature for further actions.
