Plateau State Government launches “Voluntary Assets and Income Declaration Scheme”
The Plateau State government has launched a “Voluntary Assets and Income Declaration Scheme” (VAIDS) for payment of all outstanding Nigerian tax liabilities.
The state government will soon commence criminal prosecution of those, who have evaded taxes and yet failed to take advantage of the new Scheme.
The Scheme was launched by the Acting President, Yemi Osinbajo, on 29 of June, 2017, and is expected to last for 9 months only, from the 1st of July, 2017, to 31st March, 2018, without option of renewal.
While launching the Scheme in the state, Commissioner for Finance, Tamakat Wali, said the Scheme has its time limit and it’s an opportunity for taxpayers to voluntarily disclose previously undisclosed assets and income for payment of all outstanding Nigerian tax liabilities, with the assurance that they would not face criminal prosecution for tax offences.
According to the commissioner, the key condition of the Scheme is that a full and honest declaration must be made, adding that, the aim of the Scheme is to offer “amnesty window” to allow Nigerians, who may have evaded tax – whether ignorantly or deliberately – the opportunity to do their civic duty and pay the correct taxes, whilst providing the much needed revenue for Nigeria’s infrastructure.
She said, the Scheme covers all Federal and State taxes, and will cover all back taxes for 6 years, in line with the statutory periods of limitation under the relevant statutes.
According to her, the Scheme is targeted on persons, who have been fully declaring their taxable incomes/assets and have not been paying tax dues at all.
It will also target those persons, who have been under-paying or under-remitting, and those under a process of tax audits or investigations with relevant tax authorities, and those who are prepared to settle their tax disputes out-of-court.
Others are: new tax payers, who are yet to register with the tax authorities and are existing registered taxpayers, who have new disclosures to make.
The commissioner called on citizens of Plateau State to take the advantage of the amnesty window of the Scheme provided to voluntarily and honestly declare all undeclared assets and income so as to regularize their standing with the Federal, State and local government tax authorities.
A representative of the Caretakers’ Committee Chairmen in the State, Hon. Emmanuel Jugu Daboyi, assured the state government of their support and cooperation towards achieving this goal.
Our correspondent reports that after the launching, there was a walk-round-the-streets of Jos City, starting from Board of Internal Revenue through Ahmadu Bello Way to Unity Junction, dawn to Tafawa Balewa Street to Rwang Pam Street and back.