Browsing: VAIDS

In the presentation, titled: “Achieving Voluntary Tax Compliance: The VAIDS Option,” the FIRS Chairman explained that the key motivation for introducing the scheme is that the country’s tax remittance rate remains low despite having some of Africa’s most profitable and well capitalised companies.

The VAIDS team will be led by Kemi Adeosun, the Minister of Finance, whose ministry ‎conceived VAIDS as a solution to the country ‘s defective tax system.