Tax Naija


53DAYS AND 23HOURS TO Voluntary Assets and Income Declaration Scheme (VAIDS) Deadline
on May 04, 2018



The Nigerian Voluntary Asset and Income Declaration Scheme (VAIDS) is a time-limited opportunity for taxpayers to regularise their tax status relating to previous tax periods and pay any taxes due. In exchange for fully and honestly declaring previously undisclosed assets and income, tax payers will benefit from forgiveness of overdue interest and penalties, and the assurance they do not face criminal prosecution for tax offences or tax investigations.

The aim of the Nigerian Voluntary Asset and Income Declaration Scheme (VAIDS) is to provide taxpayers with a time-limited opportunity to regularise their tax status relating to previous tax periods and pay any taxes due. In exchange for fully and honestly declaring previously undisclosed assets and income, tax payers will benefit from forgiveness of overdue interest and penalties, and the assurance they do not face criminal prosecution for tax offences or tax investigations.

The good news is that the deadline for the Voluntary and assets declaration scheme has been extended to 53days, 23hours as at the time of publishing this article.


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