FG offers 9-Month Tax Amnesty for Tax Offenders

The Federal Government, today, launched its voluntary asset and income declaration scheme (VAIDS) to broaden the country’s tax base and offer incentives for tax evaders. The tax amnesty will run for the next nine months, effective from July 1, 2017 to December 31. A “waiver of interest and penalty, no prosecution of tax offences and no tax audit” would be offered to all tax evaders who declare their “hidden assets”.