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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 and collected.
The office also stated that the second phase of its data mining initiative was aimed at obtaining data from all government revenue-generating agencies such as the Federal Inland Revenue Service, Nigerian National Petroleum Corporation, Central Bank of Nigeria, Federal Airports Authority of Nigeria, Federal Housing Authority, Petroleum Technology Development Fund and the Nigerian Communications Commission.
Data harvested from these agencies, the VAIDS office explained, would be used to determine the companies that had not remitted taxes based on income earned, those that had under-declared, and government agencies and corporate organizations.
Photo Caption: Minster of Finance Mrs Kemi Adeosun
