The approval for the extension of the deadline is contained in a statement issued by the President’s Special Adviser on Media and Publicity, Femi Adesina, in Abuja on Wednesday.
Browsing: Voluntary Assets and Income Declaration Scheme
The short extension after the original March 31 date is based on the appeals of professional bodies and individual taxpayers
The tax amnesty programme, which expired on Saturday, offered a nine-month window of opportunity for tax payers to regularise their tax liabilities
The Director General of the Debt Management Office, Patience Oniha, disclosed this on Wednesday in Abuja
Adeosun gave the explanation on Thursday evening while speaking on Channels Television’s Core programme
The minister stated this in Enugu during the hosting of VAIDS by the Enugu State Government
The appeals of the Government for Nigerians to declare in the interest of the nation have now received huge backing from the very type of threat that will make any sensible Nigerian sit up and pay attention
The Minister of Finance, Kemi Adeosun, disclosed this on Sunday in Abuja while presiding over the meeting of the Whistleblower Unit in the Federal Ministry of Finance and the Presidential Initiative on Continuous Audit.
Fowler’s warning was contained in a keynote address at a workshop for professionals advising clients on participation in the VAIDS in Kano
Among the speakers was Chief Cyril Ede, the President, Chartered Institute of Taxation of Nigeria, who warned that there will be no hiding place for tax avoiders
The scheme, an initiative of the Federal Ministry of Finance that provides a time-limited window for taxpayers with undisclosed income and assets to regularize their tax status, according to Tunde Fowler, the Chairman of the Federal Inland Revenue Service, had earned the Federal Government N17 billion by early December 2017
The Minister of Finance, Kemi Adeosun, who presented the memo for the money, also briefed the FEC on the progress under the tax amnesty
The Minister has also confirmed the review of the tax profiles of companies that received major payments from the Federal Government in the last five years.
The commendations were delivered in Abuja during a one-day training workshop for professionals advising clients on VAIDS
This was disclosed in a press statement by the VAIDS Office in the Federal Ministry of Finance, the initiator of the programme.
The Minister gave this advice during an interactive session with the media on Tuesday in Abuja, while responding to a question about the legality of the use of offshore tax shelters.
According to the statement, the VAIDS office expects states that provide all the required information to experience sharp rises in their respective Internally Generated Revenue as analyses of the obtained data will lead to considerable recovery of otherwise lost revenues and yield reliable information on eligible taxpayers.
According to the statement, useful data of all payments and receipts over N100 million between 2010 and 2015 has been collected from the Nigerian Customs Service.
The CTLOs have been handed the responsibility of creating awareness about the VAIDS scheme and taxation in general
Speaking on Saturday on the sidelines of the International Conference of African Tax Administrations Forum holding in Abuja, Zubair said the scheme could not have been introduced at a better time.