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Project Lighthouse

VAIDs: Federal government reviews states, private sector pleas for extension of deadline

The Minister of Finance, Mrs Kemi Adeosun, on Saturday said that the Federal Government was currently considering the requests by the States and Private Sector for an extension of the tax amnesty programme, the Voluntary Assets and Income Declaration Scheme (VAIDS).

VAIDs: President Buhari under pressure to extend tax amnesty period

As the tax amnesty under the Voluntary Assets and Income Declaration Scheme (VAIDs) ends on Saturday, some private sector players are said to be lobbying President Muhammadu Buhari to extend the amnesty period.

VAIDS: Federal govt reviews data of 130,000 high net worth persons, companies

The data mining efforts of the Federal Government through the Federal Ministry of Finance has identified a new batch of over 130,000 high net worth individuals and companies that have potential tax underpayments.

VAIDS: Federal govt targets property owners in highbrow areas

The Federal Government has extended its searchlight on tax evaders with net-worth properties in highbrow areas of major cities.

How VAIDS’ll expose wealthy tax debtors – LIRS chair

Mr. Hamzat Ayodele Zubair, Chairman, Lagos Inland Revenue Service (LIRS), has stated that wealthy Nigerians who have been underpaying taxes will be easily exposed if they fail to take advantage of the Voluntary Assets and Income Declaration Scheme (VAIDS).

Federal govt uncovers more prominent tax defaulters

The Federal Government has identified fresh defaulting taxpayers and dispatched letters to them to take advantage of the Voluntary Assets and Income Declaration Scheme in regularising their tax status.

VAIDS: Federal govt targets four million fresh taxpayers – Kemi Adeosun

Through the implementation of the Voluntary Assets and Income Declaration Scheme, the Federal Government is targeting to bring a total of four million fresh taxpayers into the tax net.

Federal govt orders contractors to show TIN before payment

The federal government has ordered vendors of Ministries, Departments and Agencies (MDAs) to display their Tax Identification Numbers (TINs) on their invoices before payments are effected by the MDAs.

Federal govt deploys 1,700 tax officers to 33 states – Kemi Adeosun

The Federal Government has recruited and trained 2,190 Community Tax Liaison Officers (CTLOs) under the Voluntary Assets and Income Declaration Scheme (VAIDS) out of which 1,700 have been deployed to 33 states to raise tax awareness in the respective states.

500 prominent Nigerians invited to regularise their tax status – Kemi Adeosun

About 500 prominent Nigerians with property and trusts abroad are to be invited to determine their tax compliance status at home.

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