₦airaland Forum

The Minister of Finance, Kemi Adeosun, has said Nigerians must start complying with relevant tax laws to make the nation prosperous; stressing that prosperous nations have high levels of tax compliance among citizens.

According to her, every citizen must come ‘clean’ to declare fully and to declare honestly what his or her assets and income are.


Adeosun, in a statement signed by the Director of Information in the Finance Ministry, Salisu Dambatta, said the signing of the executive order by Osinbajo on Voluntary Asset and Income Declaration (VAIDS) underscored the seriousness attached to the scheme, which would be vigorously implemented.

She also said the Federal Government would rely heavily on technology to increase tax compliance under the recently launched VAIDS.

The minister stated that at six per cent, Nigeria’s tax to Gross Domestic Product ratio was very low compared to other countries that had as much as 32 per cent.

She said: “Prosperous nations have high levels of tax compliance, whilst poor nations have low rates. Nigeria aspires to be a prosperous nation, so this problem must be solved.

“What VAIDS is doing is giving taxpayers, both companies and individuals, a window of opportunity to regularise, to come clean so to speak, to declare fully and to declare honestly.

In exchange for full and honest declaration, what we are assuring is that we will waive penalties that should have been levied and waive the interest that should have been paid on overdue tax, which is quite considerable; those who declare honestly will not be subject to any investigation or tax audit.


“Technology has been key in enabling us to build an accurate financial profile for Nigerians and based on the information we gathered, we saw that the level of non-compliance was very high and we knew we had to do something about it.

“In the past, tracking true income and assets would have been difficult but now, it is at the touch of a button.”

http://dailypost.ng/2017/07/04/nigeria-grow-people-must-pay-taxes-finance-minister-adeosun/

There was a country

Alright

Make I pay make Una squander the money

Fine face no brain


So you still need money to pay for that dead mans bill ba?

sarrki:
Alright

Make I pay make Una squander the money

Sarrki you no trust APC again?

CROWNWEALTH019:
Sarrki you no trust APC again?

That's where you are getting it wrong bro

I don't support party

I support working individuals

sarrki:
That's where you are getting it wrong bro

I don't support party

I support working individuals

So you don't have faith in our system controlled by the half dead criminal in London mortuary

CROWNWEALTH019:
Fine face no brain


So you still need money to pay for that dead mans bill ba?

Baby Ngozi that damaged our economy knows

sarrki:
Baby Ngozi that damaged our economy knows

We all know that she made the economy the biggest in Africa before she handed over to that ani mal in the mortuary .... Statistics are there for you to play with.

You guys are lucky mine is subtracted from source: if not, I won't willingly pay a dime!

When we provide our own water, light, security and healthcare in this country, even the silly roads end up spoiling our cars; you still expect tax from us.

Madam in all honesty, if you dont know what to do... kindly tender your resignation..

Taxes to be embezzled or mismanaged by you and your Co-corrupted souls travellers, shows the past I would tell you how the future will look like.. ..You have no better shape on ground to manage ours common wealth. As Saraki and Dogora.. how come they slashed development infrastructure to mere bole hole project. Fashiola is ready to be corrected.. "wasting tax payers money.. "

tinubu ane his co travelers should stay away from my money...they have enough already

Look at this one.
All the tax wey una don dey collect where una dey keeper? Inside reservoir?