The Chairman of the Federal Inland Revenue Service (FIRS), Babatunde Fowler, today disclosed that N30 billion had been recovered under the Voluntary Assets and Income Declaration Scheme (VAIDS) from individuals and organizations so far. Fowler, who gave this hint at the unveiling of the VAIDS Declaration Certificate in Abuja, projected that if the required support […]
There are strong indications that the Federal Government may auction properties and other assets of individual and corporate tax defaulters anytime from now for failure to declare or pay taxes on such assets as required under the Voluntary Assets and Income Declaration Scheme (VAIDS). The deadline set by the scheme for assets and income owners […]
The Minister of Finance, Mrs. Kemi Adeosun, today disclosed that about 56 million Nigerians who engage in one business or the other were not paying their taxes as required by law.
The Federal Government and some foreign countries, including the United Kingdom Government, have commenced the Automatic Exchange of Tax Information (AETI), particularly on overseas assets held by Nigerians.