The Voluntary Assets and Income Declaration Scheme (VAIDS) might just have made more Nigerians more responsive to issues of tax as the scheme has garnered $50 million, the Chairman, Federal Inland Revenue Service (FIRS), Babatunde Fowler has said. VAIDS was introduced in July as an initiative designed to encourage voluntary disclosure of undisclosed assets and... Read More

Federal Inland Revenue Service (FIRS), nigeria governors' forum, State Internal Revenue Services, Voluntary Assets and Income Declaration Scheme (VAIDS)

October 10, 2017

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FG begins data collection from banks for tax purposes

The Ministry of Finance says the Voluntary Assets and Income Declaration Scheme (VAIDS) has started the collection of data on the income and assets of high net-worth individuals and companies in the country. Highlights (Report by TheCable): In a statement issued on Tuesday, it further said this is the first step in collecting intelligence that... Read More

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Ministry of Finance, Voluntary Assets and Income Declaration Scheme (VAIDS)

September 29, 2017

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FG deploys 700 graduates as tax liason officers

The Voluntary Assets and Income Declaration Scheme (VAIDS) has deployed over 700 graduates to nine states and the Federal Capital Territory (FCT) – who will serve as community tax liaison officers (CTLOs). [ICYMI: We are here for this VAIDS explainer video] Highlights (Report from TheCable): The CTLOs were trained for the purpose of sensitising taxpayers.... Read More

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community tax liaison officers (CTLOs), Vice President Yemi Osinbajo, Voluntary Assets and Income Declaration Scheme (VAIDS)