Federation Account records N797bn VAT revenue in 10 months – Adeosun
The Minister of Finance, Mrs. Kemi Adeosun, on Tuesday said about N797.51 billion revenue generated from Value Added Tax (VAT) between January and October was transferred into the Federation Account.
LIRS sensitises Lagosians on tax status
The Lagos State Board of Inland Revenue, LIRS, has begun a campaign to educate residents of the state on the advantages of responding to ongoing Voluntary Assets and Income Declaration Scheme (VAIDS).
No Nigerian can evade tax payment with VAIDS - FIRS boss
The Chairman, Federal Inland Revenue Service (FIRS), Mr Babatunde Fowler says with the introduction of Voluntary Assets and Income Declaration Scheme (VAIDS), no Nigerian can evade tax payment.
Attracting defaulters into the tax net
Paying tax is unattractive to many citizens in this polity on the argument that tax from hard-earned personal income is either stolen or misapplied by public officials. This may be true, but only to an extent.
VAIDS is tax revolution, says tax institute
The coming of the Voluntary Assets and Income Declaration Scheme (VAIDS) has been described as a tax revolution, which would change virtually all the anomalies and poor orientation to taxation in the country.
Osinbajo signs executive order to enforce tax collection
Acting President Yemi Osinbajo yesterday signed an executive order that makes payment of taxes mandatory for Nigerians at all levels.