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. Fowler said this at the 138th Quarterly Meeting of the Joint Tax Board (JTB) on Monday...

There is currently a global initiative to tackle the problem of illicit financial flows and tax evasion, which has contributed to the country’s underdevelopment. A report by former South African Premier, Thabo Mbeki, noted that the amount of illicit financial flows out of Africa exceeded...

The Securities and Exchange Commission (SEC) in a circular culled from its website wishes to inform all Capital Market Operators (CMOs) and Public Limited Company (PLCs) on a new executive order by the Federal Government of Nigeria to comply with the new rule of...

Following the official launch of the voluntary Assets and Income Declaration Scheme (VAIDS) by the Acting President, Yemi Osinbajo, the Federal Government has unveiled the weekly public enlightenment campaign to sensitize Nigerians to embrace voluntary declaration and prompt payment of taxes. Henceforth, every Thursday...

Finance Minister Mrs Kemi Adeosun has said the Federal Government planned to raise over $1billion from the executive order signed by Acting President Yemi Osinbajo. Last week, Osinbajo signed an executive order to give room for Nigerians to regularise their taxes. Adeosun spoke yesterday on Sunrise...

The Federal Government will deploy and heavily rely on technology to increase tax compliance under the recently launched Voluntary Asset and Income Declaration Scheme (VAIDS). Minister of Finance, Mrs. Kemi Adeosun has said. In an interview on Channels Television, the Minister explained that the signing...