VAIDS Archives - National Wire

VAIDS: Defaulters Now To Pay Taxes With Interests, Penalties

July 5, 2018 0

The Chairman, Federal Inland Revenue Service, Babatunde Fowler, on Wednesday said with the June 30 expiration of the deadline set for compliance with the Voluntary Asset and Income Declaration Scheme, the Federal Government was set to descend on defaulters. He said the government would take all necessary legal steps to ensure that the defaulters were brought to book. Fowler stated …

FG Recovers N30 Bn From VAIDS

June 6, 2018 0

…FG TO PRESENT CERTIFICATES TO TAXPAYERS UNDER VAIDS The Federal Government has approved the issuance of a Declaration Certificate to taxpayers under the Voluntary Assets and Income Declaration Scheme (VAIDS). The Declaration Certificates, which was approved by the Minister of Finance, Mrs. Kemi Adeosun, are to be given to taxpayers who voluntarily declared their previously undisclosed assets and income. The …

Our Policies Helped FG Recover, Save N283bn In 3 Years—Finance Minister

May 28, 2018 0

Tayo Olanipekun Nigeria’s Finance Minister, Kemi Adeosun, said measures introduced by the government have in the last three years helped the nation in recovering billions of naira in looted public funds, tax recovery and also in reducing the cost of running public offices. A total of N283, 071,347,302 has been recovered as well as saved as a result of the …

VAIDS: FG Reviews States, Private Sector’s Pleas For Extension Of Deadline

April 1, 2018 0

…Insists Tax Evaders Risk Prosecution, Seizure of Properties 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 …

FG To Earn N23 bn From VAIDS Before Year End

December 15, 2017 0

The Federal Government will rake in an additional N6 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 N17 billion had been realised from the scheme in six months. The FIRS boss disclosed …

VAIDS collects five million Nigerians’ assets, income data

November 2, 2017 0

The Voluntary Assets and Income Declaration Scheme has collected data of over five million corporate organisations and individuals in the country. This was disclosed in a statement issued by the VAIDS Office in the Federal Ministry of Finance on Wednesday. According to the statement, data collected will be subjected to further analysis to ensure that all unpaid taxes are tracked …