August 16, 2022

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Put up-VAIDS: JTB, FIRS start full scale enforcement on defaulters


The Federal Inland Income Service (FIRS) in collaboration with the Joint Tax Board (JTB) would start a “full scale enforcement train” on defaulting taxpayers. 

The transfer comes after the enforcement of the amnesty supplied by the Voluntary Belongings and Earnings Declaration Scheme (VAIDS) arrange by the Federal Authorities of Nigeria by way of the Federal Ministry of Finance,

In accordance with an announcement by Particular Assistant (Media & Communication) to the Govt Chairman, Johannes Oluwatobi Wojuola, the enforcement train will embody prosecution of defaulting taxpayers who didn’t reap the benefits of the Scheme (VAIDS). 

In a Public Discover, titled: “Put up-VAIDS Enforcement and Prosecution Train,” and signed by Muhammad Nami, the Govt Chairman FIRS, who doubles because the Chairman JTB, “The Joint Tax Board (JTB) along side the Federal Inland Income Service (FIRS), is embarking on a full scale Enforcement Train, together with prosecution of these defaulting taxable individuals who didn’t reap the benefits of the Scheme,” the discover learn. 

“The defaulting Taxpayers can be assessed to tax in accordance with the related provisions of the Tax Legal guidelines.” 

Taxpayers who had excellent tax liabilities which had beforehand been declared beneath the Scheme have been inspired to pay up their excellent liabilities instantly to keep away from having the reliefs granted by the Scheme withdrawn.

This Put up-VAIDS enforcement and prosecution train is approaching the heels of a Put up-VAIDS Stakeholders’ Webinar held on sixth June, 2022 and organised by the FIRS.

Talking through the webinar which included consultants and taxpayers FIRS Govt Chairman, Muhammad Nami famous that regardless of having over 68 million lively companies within the nation, have been lively in Nigeria, solely 20 million have been lively taxpayers. 

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