VAIDS: Only Act of NASS can establish Special Tax Courts, not ministry—Ubani
Indications have emerged showing that the trending announcement by the Minister of Finance, Mrs. Kemi Adeosun, that federal government will from April 1, this year begin the trials of identified 130,000 high profile tax evaders, may not work after all….
FG under pressure to extend VAIDS’ March 31st deadline by one month
Indications emerged on Tuesday that based on rising pressure from some former governors, top politicians, high profile individuals, business owners and professional bodies, on the Ministry of Finance to give more time for the expiration of voluntary tax declaration window…
Sorrow awaits tax evaders’ who fail to take VAIDS advantage from month end—Minister
The Minister of Finance, Mrs. Kemi Adeosun in Kaduna on Thursday, called on tax evaders’ or those who have not declared their income or pay taxes accordingly to take advantage of the Voluntary Assets and Income Declaration Scheme (VAIDS) or…
Bureaucracy, excess agencies at ports minus for new import-export guidelines
Just as the Federal Government is to commence the implementation of the 2017 Revised Import and Export Guidelines effective January 1, 2018, as part of its policy of enhancing the ease of doing business in the country, stakeholders argue that…
Non-receipt of VAIDS letter doesn’t mean FG didn’t identify tax evaders—Adeosun
As the Federal Inland Revenue Service (FIRS) began to dispatch letters of tax notice to listed 500 prominent Nigerians with property and trusts abroad, on Monday, the Minister of Finance, Mrs. Kemi Adeosun has made it clear that those in…
FG yet to complete forensic audit of NCC, Customs accounts
The Minister of Finance, Mrs. Kemi Adeosun, has revealed that the accounts of two major revenue generating agencies of the government including the Nigerian Communications Commission (NCC) and Nigerian Customs Service (NCS) are still outstanding and yet to be audited….
Sanctions await tax defaulters’ who failed to comply with VAIDS – FG
The federal government is still tightening its strategic efforts to capture everybody in its massive tax net, using the newly introduced Voluntary Assets and Income Declaration Scheme (VAIDS). To raise awareness and quicken compliance to the amnesty-styled scheme, the Minister…
7 banks yet to move MDAs’ funds to TSA 2 years after
The Minister of Finance Minister, Mrs. Kemi Adeosun has listed seven money deposit banks still holding on to large sums of money belonging to Ministries, Departments and Agencies (MDAs), more than two years after the introduction of Treasury Single Account…
Sukuk fund: Each zone to get N16.67bn for selected roads repairs
Following the raising of about N100 billion from the recently floated sovereign sukuk, the Federal Government has disclosed that each of the six geopolitical zones will get about N16.67bn to fix 25 major economic roads. The Finance minister, Mrs. Kemi…
Misappropriation, diversion of funds/revenue lead in whistle blowing tips—Minister
The Minister of Finance, Mrs. Kemi Adeosun in Abuja on Tuesday, revealed that “In reviewing the information we receive, we have noticed that certain type of tips are recurring, for example; 39% (144) of the actionable tips relate to misappropriation…
