March 22, 2018

If you bought assets abroad with money made in Nigeria but paid no tax, VAIDs will expose you — Subair, LIRS boss

As a remedial measure, VAIDS has a lot of positives. First, the awareness of the need to pay tax is becoming more pronounced. A lot of Nigerians that were totally disconnected from the tax system are starting to hear about it. With the advocacy in the media, it is drumming home the need to develop […]

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Firms fret over capital market’s VAIDS’ tax audit

Quoted companies and capital market operators are anxious about the modus operandi and implications of the compliance tax audit for the Voluntary Assets and Income Declaration Scheme (VAIDS) by the Securities and Exchange Commission (SEC). SEC had in a circular indicated that it would audit public limited liability companies (Plcs) and capital market operators to ascertain their

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