Entrepreneurs in the ‘OS’ industry will have to pay tax on the services they offer starting next year—Tax Expert Taiwo Oyedele explains

According to the economist , when you earn money and decide to send part of it to your cousin, your brother, or even a stranger, it doesn’t matter who the recipient is. If the money you’re giving is simply upkeep or a gift, then you, the giver, should have already paid tax on that income before giving it out.

He explained further that if the person is providing a service, then the money they receive counts as taxable income. Using an extreme example, he noted, “If someone is into runs, they look for men to sleep with that’s a service, and tax is payable on it.”

Oyedele stressed that tax law is indifferent to morality. “One thing about the tax law is that it doesn’t care whether what you’re doing is legitimate or not; it only asks one question do you have an income? If yes, then it is taxable.”