BEVERLY HILLS, December 08, (THEWILL) – The Federal Inland Revenue Service (FIRS) has revealed that the Federal Government has earned about N17b in taxes from those who have voluntarily declared their tax liabilities via the Voluntary Assets and Income Declaration Scheme (VAIDS).
This was disclosed by the FIRS Executive Chairman, Tunde Fowler, who said the N17 billion came from about 500 firms adding that N6 billion is expected from Nigerians who voluntarily declared their tax liabilities to the authorities before month end.
Fowler, who spoke at a workshop on VAIDS in Abuja, said firms were keen to seize the amnesty to regularise their tax status
He revealed that the tax authorities had identified 2,000 properties in the Federal Capital Territory (FCT), Abuja whose owners neither pay taxes nor file returns.
He declared that if the owners of the 2,000 properties refuse to pay the due taxes on these properties before the end of VAIDS, the FIRS would approach the court for approval to dispose of the properties.
“After netting off taxes due on them, the balance, if any, will be handed to their owners,” he declared.
He stressed that the March 2018 deadline for individuals and firms to regularise their tax liabilities remained sacrosanct.
