Official VAIDS Executive Order & Form | Voluntary Asset and Income Declaration Scheme

Official VAIDS Executive Order & Form | Voluntary Asset and Income Declaration Scheme | VAIDS Executive Order & Form | Voluntary Asset and Income Declaration Scheme.

Tags related to vaids: vaids website, vaids executive order, vaids form, voluntary asset and income declaration scheme (vaids), voluntary assets and income declaration scheme (vaids), vaids facebook, npower vaids, voluntary asset declaration scheme.

Official VAIDS Executive Order & Form | Voluntary Asset and Income Declaration Scheme

Official VAIDS Executive Order & Form | Voluntary Asset and Income Declaration Scheme

Voluntary Assets & Income Declaration Scheme (VAIDS) launched

As a matter of fact you can now Declare your assets and income honestly, nevertheless pay the taxes due correctly, then go and sin no more or … READ DETAILS HERE

Latest Update 2017/2018 VAIDS

As a matter of fact few weeks ago, the Acting President, Prof. Yemi Osinbajo, SAN formally launched the Voluntary Assets and Income Declaration Scheme (VAIDS).

Generally speaking, the Scheme has already commence since 1st July 2017 and last for a period of 9 months which will be in April 2018.

Furthermore, VAIDS basically designed to encourage voluntary disclosure of previously undisclosed assets & income purposely for payment of outstanding tax liabilities.

Official VAIDS Executive Order & Form | Voluntary Asset and Income Declaration Scheme

Nevertheless Scheme would be implemented by Federal Inland Revenue Service (FIRS) alongside 36 State Internal Revenue Services & FCT IRS.

As a matter of fact, Government would gather intelligence locally and through various international conventions and multilateral agreements to obtain information required for prosecution of defaulting taxpayers or those who make false declarations.

On the other hand, an international forensic and asset tracing company has been engaged to support this process.

Comparatively, the tax man has been busy! Sneak a peek into some of the tax profiles they have put together.

[irp posts=”10814" name=”How To Donate a Car In California | Travel California 2017/2018"]

Latest Update VAIDS Nigeria Webinar

For current news about VAIDS view our latest Webinar.

Latest News/Update VAIDS-Nigeria-download

Download Declaration Forms, FAQs and other materials.

LATEST UPDATES COMING SOON

« Nigeria to sign OECD’s Multilateral Instrument that will automatically amend its existing tax treaties | Main Website | Tackling tax evasion and addressing Nigeria’s revenue challenge the VAIDS way »