Fowler: Corporates, Individuals Making Enquiries on Amnesty Window to Pay Taxes

The Executive Chairman of the Federal Inland Revenue Service (FIRS), Mr. Babatunde Fowler, has expressed confidence in the viability of the Voluntary Asset and Income Declaration Scheme (VAIDS), which grants a nine months amnesty to Nigerians who have not paid their income taxes to come forward to do so without being penalised, saying several corporates and individuals have started to come forward to make enquiries on how they can pay their back taxes and regularise their status.

Speaking exclusively to THISDAY, Fowler said since Acting President Yemi Osinbajo signed the Executive Order on VAIDS almost four weeks ago, the FIRS has been besieged with enquiries from corporates and individuals for information on how they can pay their backlog of unpaid taxes.
“Yes, we have been receiving a lot of requests from corporates and individuals who want to come forward and pay their taxes during the nine months window.

“They are also seeking to take advantage of the 29 per cent waiver they could get under the amnesty window, so they are asking for information on how they can get their assessment.
“I think in the next 30 days, we will begin to see some of these individuals and corporates who may have sorted out their audits and assessment coming forward to pay their taxes through the banks,” he said.

Thisday, July 25, 2017

 

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