The Acting President, Yemi
Osinbajo, has signed an Executive Order to back the Voluntary Asset and Income
Declaration Scheme.
Osinbajo signed the Executive
Order during the formal launch of the VAIDS scheme at the Presidential villa,
Abuja.
Speaking during the signing, the
Acting President said the new initiative is targeted at increasing tax
awareness and compliance, as well as grant taxpayers a time-limited
opportunity to regularise their tax status without penalty.
Osinbajo noted that the scheme
which will be jointly executed by the Federal and State Governments, would
concentrate on the obligations of all Nigerian companies and citizens to pay
their taxes, wherever their income is earned.
The signing of the Executive
Order was witnessed by the Minister of Finance, Mrs Kemi Adeosun, Governors of
Ogun, Kaduna, and Zamfara among others.
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