The Executive Chairman, Federal Inland Revenue Service, Mr Tunde Fowler, said on Thursday that the government would sell properties built and developed in corporate names across the country on which taxes were not being paid. Fowler disclosed this in Lagos at a stakeholders’ meeting, where he noted that the country still had one of the […]
Read More The Voluntary Assets and Income Declaration Scheme will come to an end on June 30. In this piece, IFEANYI ONUBA examines the level of compliance and the strategies of the government to prosecute tax offenders after the expiration of the amnesty programme As the tax amnesty programme under the Voluntary Assets and Income Declaration Scheme […]
Read More A total of ₦30 billion has been realised from taxpayers who have declared their assets under the Voluntary Assets and Income Declaration Scheme of the Federal Government. The Executive Chairman, Federal Inland Revenue Service, Mr. Babatunde Fowler, gave the figure on Wednesday during the official presentation of the VAIDS certificates of declaration to chairmen of […]
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The Honourable Minister of Finance, Mrs Kemi Adeosun has called on tax evaders or those who have not declared their income or pay taxes accordingly to take advantage of the Voluntary Assets and Income Declaration Scheme (VAIDS) or face prosecution at its expiration on 31st March, 2018. She stated this during the Stakeholder Interactive Session […]
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Having grossed ₦23 billion from the Voluntary Assets and Income Declaration Scheme (VAIDS) in 2017, the Federal Government expects to net considerable tax revenue this year through the scheme. According to Mr. Tunde Fowler, Chairman of the Federal Inland Revenue Service (FIRS), VAIDS had earned the Federal Government the sum of ₦17 billion by early […]
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The Minister of Finance, Mrs. Kemi Adeosun, has revealed that the Nigerian Government targets to generate at least 7,500 jobs through the Voluntary Asset Income Declaration Scheme (VAIDS). Adeosun stated this in a report on the activities of the ministry in the last two years. According to her, job creation remains one of the spin-offs […]
Read More The Chairmman of Federal Inland Revenue Service (FIRS), Mr. Babatunde Fowler, has pledged the tax authority’s readiness to offer free advisory services to taxpayers who are willing to comply with the Voluntary Assets and Income Declaration Scheme (VAIDS). According to Fowler, who disclosed this recently at a media workshop on VAIDS in Lagos, FIRS would […]
Read More The Chairman, Joint Tax Board (JTB), Mr. Babatunde Fowler, says the board is set to capture 40 million Nigerians outside its tax net by March, next year. Fowler, who is also the Chairman, Federal Inland Revenue Service(FIRS) gave the new target in Sokoto on Monday during a courtesy visit to the Sultan of Sokoto, Sultan […]
Read More The Nigerian Government expected to rake in an additional ₦6 billion from the implementation of the Voluntary Assets and Income Declaration Scheme before the end of the year, the Executive Chairman, Federal Inland Revenue Service, Mr. Babatunde Fowler, has said. Fowler said that a total of ₦17 billion had been realised from the scheme in […]
Read More The Minister of Finance, Mrs Kemi Adeosun, has once again read the riot act to tax evaders in the country. According to her, the Federal Government would come hard on the tax dodgers from next April when the grace period for voluntarily assets and income declaration would have been over. In this interview, she explained […]
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The Federal Government has dashed the hopes of many individuals and organisations hoping for possible extension of the enforcement of the Voluntary Assets and Income Declaration Scheme (VAIDS), saying the March 2018 deadline remains sacrosanct. The Executive Chairman of the Federal Inland Revenue Service (FIRS), Mr. Tunde Fowler, stated this yesterday in Abuja at a […]
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As tongues wag over the avalanche of heavy offshore loans heaped on the country, the Minister of Finance, Mrs. Kemi Adeosun, yesterday said there was no cause for alarm as the Federal Government’s revenue and debt management strategy would mitigate its debt service risk to fast-track development. The Minister, who welcomed the advice of Nigeria’s […]
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