News

Tax amnesty: FG rakes N30bn from VAIDS

Ihesiulo Grace 7 June 2018 0

The Federal Government has recovered about N30 billion from individuals and corporate establishments through the tax amnesty scheme, Voluntary Assets and Income Declaration Scheme (VAIDS).  The Chairman of the Federal Inland Revenue Service (FIRS), Mr. Babatunde Fowler, made this disclosure at

Business Headlines

VAIDS dateline: FG insists tax evaders risk prosecution, seizure of properties

Ihesiulo Grace 1 April 2018 0

The Minister of Finance, Mrs. Kemi Adeosun, on Saturday confirmed that the Federal Government was currently reviewing the requests by the States and Private Sector for an extension of the tax amnesty programme, the Voluntary Assets and Income Declaration Scheme (VAIDS). The tax amnesty programme, which expired on Saturday, offered a nine-month window of opportunity […]

Business Headlines News

Adeosun urges tax payers to demand for written notice from tax officials

Ihesiulo Grace 4 March 2018 0

The Minister of Finance, Mrs. Kemi Adeosun has advised tax payers to demand for written notice when they receive phone calls from tax officials. She gave this advice in response to the activities of some fake tax officials alleging to be officials of the Voluntary Assets and Income Declaration Scheme (VAIDS). In a statement on […]

Business Headlines News

VAIDS: FG talks tough, set to begin prosecution of tax evaders

Ihesiulo Grace 2 March 2018 0

* To name, shame defaulters March 31 The Federal Government has said that it has concluded plans to prosecute, name and shame tax evaders that fail to utilise the tax amnesty programme known as Voluntary Assets and Income Declaration Scheme (VAIDS), to regularise their tax profiles. Minister of Finance, Mrs. Kemi Adeosun, disclosed this on […]

Business

VAIDS: El-Rufai, Adeosun meet Kaduna business leaders, tax payers

Ihesiulo Grace 25 February 2018 0

Kaduna State governor, Mallam Nasir el-Rufai and the Minister of Finance, Mrs. Kemi Adeosun, would meet with business leaders, business owners and tax payers in Kaduna over the Voluntary Assets and Income Declaration Scheme (VAIDS). The Kaduna State Government was hosting the VAIDS Stakeholders’ Symposium, which is expected to have in attendance Executive Chairman of […]

Headlines News

FG rakes in N17bn from VAIDS 3 months to dateline

Ihesiulo Grace 8 December 2017 0

The Federal Government has raked in N17 billion into its tax coffers barely three months to the expiration of the tax amnesty granted for the Voluntary Assets and Income Declaration Scheme( VAIDS). Another N6bn is expected for remittance before end of December, 2017. The Executive Chairman, Federal Inland Revenue Service ( FIRS), Tunde Flower confirmed […]

Business News

Ihesiulo Grace 10 October 2017 0

Tax Amnesty: VAIDS Begins Collection Of Nigerans’ Income, Assets Data The Voluntary Assets and Income Declaration Scheme (VAIDS) has begun the collection of data on the income and assets of high net-worth individuals and companies in the country. This was disclosed in a statement issued by the VAIDS office in the Federal Ministry of Finance. […]

Economy Money News Nigeria

Nigeria signs major multilateral agreements with OECD

Ihesiulo Grace 18 August 2017 0

Tunde Fowler, Executive Chairman of the Federal Inland Revenue Service of Nigeria, Thursday, August 17, signed two major multilateral agreements at the Organisation for Economic Co-operation and Development (OECD). The agreement; Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (the MLI) and the CRS Multilateral

Headlines News

No Nigerian can evade tax payment with VAIDS – FIRS boss

Ihesiulo Grace 15 August 2017 0

The Chairman, Federal Inland Revenue Service (FIRS), Mr. Babatunde Fowler says with the introduction of Voluntary Assets and Income Declaration Scheme (VAIDS), no Nigerian can evade tax payment again. Fowler said this at the 138th Quarterly Meeting of the Joint Tax Board (JTB) on Monday, in Abuja. The News Agency of Nigeria( NAN) reports that […]

News

FG declares Tax Thursday, set to capture 4 million new payers

Ihesiulo Grace 30 June 2017 0

The Federal Government has declared every Thursday “Tax Thursday,” to create awareness among Nigerians on payment of tax and accrued benefits. Acting President Yemi Osinbajo, who made the declaration in Abuja yesterday, said the programme will last one year. Osinbajo said that the FG aims to capture in its tax net, at least four million ‘new […]