VAIDS Moves Against Tax Evasion

VAIDS Moves Against Tax Evasion

The Federal government has just approved in principle, the implementation of a Voluntary Assets and Income Declaration Scheme (VAIDS). By its provisions, the scheme encourages voluntary disclosure of previously undisclosed assets and income for the purpose of payment of all outstanding tax liabilities. It is expected to help expand Nigeria’s tax base and, therefore, improve […]
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