The Acting President, Professor Yemi Osinbajo will launch the Voluntary Asset and Income Declaration Scheme (VAIDS) to the nation on 29 June 2017, outlining the Federal Government’s plan to increase tax awareness and compliance, and grant tax payers a time-limited opportunity to regularise their...

The National Economic Council (NEC) has approved the proposed Nigeria Voluntary Asset and Income Declaration Scheme (VAIDS), which will take off on May 1. It is expected to yield about $1billion to the Federal Government’s purse. The Chairman of the Federal Inland Revenue Service (FIRS), Babatunde...

In a country of about 180 million people, only 214 individuals pay their taxes, Federal government lamented on Thursday. It also regretted that many multinational companies evaded tax payments. The government also expressed concerned over the growing rate and the effects of deforestation in...