Following the lapsing of the amnesty provided by the Voluntary Assets and Income Declaration Scheme (VAIDS) set up by the Federal Government of Nigeria through the Federal Ministry of Finance, the Joint Tax Board (JTB) in collaboration with the Federal Inland Revenue Service (FIRS), have indicated their readiness to immediately commence a “full scale enforcement […]
The Federal Inland Revenue Service (FIRS) has reported that 23,141 tax defaulters were owing currently N254 billion in tax liabilities. This is even as the Service disclosed that since the commencement of its tax substitution programme for banks, it had recovered over N97.7 billion from tax defaulters. Giving these hints at the 49th Annual Accountant […]
The Attorney General of the Federation (AGF) and Minister for Justice, Abubakar Malami (SAN), on Tuesday disclosed that the Federal Government had commenced processes of granting tax amnesty for defaulters who voluntarily declare their foreign assets. Malami, while giving the hint at the unveiling ceremony for the programme tagged ‘Voluntary Offshore Assets Regularisation Scheme (VOARS)’, […]