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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).
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.
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.
The Federal Government has extended its searchlight on tax evaders with net-worth properties in highbrow areas of major cities.
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).
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.
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.
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.
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.
About 500 prominent Nigerians with property and trusts abroad are to be invited to determine their tax compliance status at home.
The Bayelsa State Governor Seriake Dickson Monday met with his Kaduna State counterpart, Mallam Nasir el-Rufai at the Government House, Kaduna.
Governor Nyesom Wike of Rivers State and Most Rev. Matthew Hassan Kukah, the Bishop, Catholic Diocese of Sokoto, on Monday disagreed on the best way to entrench and consolidate democracy in Nigeria.
Shah Mathias, the Founder of Ameri Metro Inc, based in the United States, said on Monday that the company was ready to invest over $10 billion in the coastal rail project from Lagos to Calabar and Calabar to Port Harcourt.
The Defence Headquarters says 35 militia herdsmen have been neutralized, while one soldiers paid the supreme price and another one missing in the “Operation Whirl Stroke’’ in Benue, Nasarawa, Taraba and Zamfara states.
The Convener of the Red Card Movement and onetime Education Minister, Mrs Obiageli Ezekwesili, says Nigerians deserve the right to enjoy quality leadership and good governance.
UN deputy spokesperson Farhan Haq told reporters on Friday that a release ceremony was the third this year, bringing the total number of children released so far this year to 806.
The National Chairman of JOHESU, Mr Biobebelemoye Josiah, has alerted the public on purported efforts by Nigerian doctors to frustrate ongoing talks to end the four-week-old strike embarked upon by the union.
The Economic and Financial Crimes Commission (EFCC) on Thursday re-arraigned Col. Sambo Dasuki (rtd.), and four others in a Federal Capital Territory (FCT) High Court, Maitama, on a 25-count amended charge.
Two lava flows "reached the ocean along the southeast Puna coast overnight," on Hawaii's Big Island, the US Geological Survey, which monitors volcanoes and earthquakes worldwide, said in a statement Sunday.
Vladimir Putin has opened a bridge that will serve as Russia’s only road link to Crimea, demonstrating Moscow’s control over the annexed peninsula and easing its residents’ isolation.