No hiding place for tax evaders – Fowler

The Executive Chairman of the Federal Inland Revenue Service (FIRS), Babatunde Fowler, has said there was no hiding place for tax evaders, who refuse to pay their appropriate taxes.
In a keynote address at a training workshop, in Kaduna, on Wednesday, Fowler described the Voluntary Asset and Income Declaration Scheme (VAIDS) as a tax amnesty programme, which allows tax-payers to come forward and regularise their tax status, in consideration of certain incentives given by the government.
Fowler stated that VAIDS was targeted at every tax-payer, who had, unlawfully, underpaid or not paying by any means, adding that the scheme would run till March 31, 2018.
During the period, it will provide opportunities for tax-payers to regularise their status relating to previous tax periods by honestly declaring previously undisclosed assets and incomes.

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