For over 15-months, highly qualified agents of the federal ministry
of finance have worked with the banks, Nigeria Financial Intelligent
Unit (NFIU), bureau de change (BDCs), Corporate Affairs Commission
(CAC), to monitor the degree of tax compliance of many celebrities and
high net worth individuals.
The
result is the creation of Voluntary Asset and Income Declaration Scheme
(VAIDS) to broaden the country’s tax base and offer incentives for tax
evaders.
With this, the federal
government allows celebrities and other Nigerians to declare their
assets and income, and pay necessary taxes without interest, penalty or
investigation. The scheme which will run for nine months, is a grace
period for celebrities to make amends or face the full wrath of the
law, which could include jail term of up to five years.
The categories of people affected by the new law are:
The Entertainer
Full time employee with multiple income sources
Company with understated revenues
Use of offshore tax shelters uncovered
Lifestyle inconsistent with tax payments
High net worth family with complex tax situation
Retiree with unexplained assets
See all the details about the VAIDS HERE
15 comments:
lol. First question the so-called FG should ask itself is ' why do Nigerians evade tax"? for me the simple reason is that I know my money will be stolen and squandered or used for
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private investment by our politicians. the single most effective way of ensuring Nigerians pay tax is to make sure they get value for their money. simple!
Hushpuppi where art thou?
Boobierusky and Hushbingo.. Oya that food ona request for don dey ready o... lol
Issokay
... Merited happiness
Confusion go enter many people head this time bdat....
Hushpuppy and Toke Makinwa take note
I hear.
Wait a minute. what if someone makes $ from sleeping around with senators and biz men? should "gifts" for pussy be declared as income?
MR EDDY said this heat wan kill person o!
I'm loving this
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sure way to deal with wash puppy...lols
very good!
-D great anonymous now as Vivian Reginalds
See what all this celebrities had caused themselves for insulting Hush The Boss.
Ga juo ndi yard
I dnt think it's a bad idea... Celebrities have brought dis upon themselves... VAIDS is d way
Hushpuppi you see what u have caused
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