The insurance industry is one of the specialised businesses having a peculiar business model and corresponding distinct tax considerations in Nigeria. The core business of insurers/insurance companies, simply put, is to provide cover to another party (insured), against possible financial loss within a specified period. In return, the insured pays an insurance premium at the …
The Minister of Finance , Mrs Kemi Adeosun has called on tax invaders 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 face prosecution at its expiration on 31 March, 2018. She stated this during the Stakeholder Interactive Session …
We’ll Disgrace Tax Evaders After March 31 – Adeosun Read More »
The federal government is ready to prosecute, name and shame tax evaders that fail to utilize the tax amnesty programme, the Voluntary Assets and Income Declaration Scheme (VAIDS), to regularize their tax profiles, the Minister of Finance, Kemi Adeosun, declared yesterday. She also disclosed that the federal government would strictly adhere to the confidentiality of …
As VAIDS Winds Down, FG Prepares to Shame, Prosecute Tax Offenders from April 1 Read More »
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