Sunday, February 18, 2018

Tag "Voluntary Assets and Income Declaration Scheme (VAIDS)"

    Adeosun: Regular tax payment can protect Nigeria’s economy

Adeosun: Regular tax payment can protect Nigeria’s economy

Kemi Adeosun, minister of finance, says regular tax payment by all economically active citizens can protect Nigeria from the shocks associated with commodity boom and bust cycles.The minister spoke while providing more enlightenment about the Voluntary Assets and Income Declaration Scheme (VAIDS) in Enugu on Thursday.The Enugu state government, led by Ifeanyi Ugwuanyi, played host to the minister.In 2016, Nigeria's economy [...]

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    Fowler warns: Do the right thing, VAIDS deadline will not be extended

Fowler warns: Do the right thing, VAIDS deadline will not be extended

Babatunde Fowler, chairman of the Federal Inland Revenue Service (FIRS), says the announced deadline for the Voluntary Assets and Income Declaration Scheme (VAIDS) will not be extended.VAIDS is a self-assessment and tax compliance window for individuals and business entities to pay tax arrears without fear of prosecution and defaulters who do not comply will be sanctioned beginning from the March [...]

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    ICYMI: We’ve discovered 800,000 companies that have never paid taxes, says Adeosun

ICYMI: We’ve discovered 800,000 companies that have never paid taxes, says Adeosun

Kemi Adeosun, minister of finance, says the ministry has discovered 800,000 companies that have never paid tax.She said the ministry is compiling a database that combines data from the various arms of government, including bank records, property and company ownership, and customs records.Adeosun said the ministry had also enlisted one of the world’s premier private investigation agencies to trace overseas assets.She said [...]

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Exchange Rates

Feb 16, 2018USDGBPEUR
INTERBANK360.45487.18428.32
LAGOS364497448
KANO364495430
PH363498435
ABUJA365497434
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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