No sacred cows under VAIDS – Fowler

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Babatunde Fowler: FIRS chairman

Chairman of the Federal Inland Revenue Service (FIRS), Mr. Tunde Fowler, has advised prominent Nigerians with tax liabilities to take advantage of the Voluntary Assets and Income Declaration Scheme (VAIDS), as political, social or economic prominence will not insulate them from sanctions for non-declaration.

Fowler gave the advice in an interview in Lagos on Saturday.

According to the FIRS Chairman, VAIDS offers all categories of tax debtors the opportunity to regularize their tax status and warned that failure to take advantage of the tax amnesty programme, which ends on 31 March, will attract a number of sanctions.

These, he said, include, payment of penalties and interests on owed taxes, tax audits and prosecution.

Asked if Nigerians with strong social and political connections will not escape sanctions for failure to comply with VAIDS, Mr….



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