VAIDS deadline extended by 3 months

by | Apr 12, 2018

The presidency has approved the extension of the deadline for the Voluntary Assets and Income Declaration Scheme (VAIDS) to June 30, 2018.

VAIDS, which started back in July 2017, is an initiative by the Federal Government to allow Nigerians regularise their tax status.

According to Punch, the extension was contained in a statement that was released by the Special Adviser to the President on Media and Publicity, Mr. Femi Adesina.

Adesina linked the extension to appeals by professional bodies as well as individual taxpayers, but that there would be no further extension after June 30. He revealed that President Muhammadu Buhari has implored the relevant tax authorities to further work on their plans to prosecute those that fail to make use of the new extension window.

We currently don’t have the details of the new extension as to applicable interest and penalty on assets and income declared during the new window. But it is clear the government is bent on providing taxpayers and businesses with enough window to file their tax returns.

With the extension, from the previous March 31st, 2018 deadline, taxpayers and businesses now have another 3 months grace to fulfil these necessary obligations.

Ifeanyi Ndiomewese
Ifeanyi Ndiomewese

Ifeanyi is a desk reporter-turned administrator. Outside of work, I love to read and travel.


Are you in tech and you are looking at getting a foreign remote job or you want to move abroad? Fill this form and you will get the BEST resources to help you get that high paying remote job as well as japa easily! WAGMI!

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

Recent News

$2 million to drive learning via WhatsApp 

$2 million to drive learning via WhatsApp 

On #TechpointDigest, we discuss how major players in the African mobility space can change the mobility narrative, FoondaMate’s $2 million funding, Twitter Create, and AMP’s $5.6 million seed round.

[PODCAST] Taxing calls to give you healthcare

[PODCAST] Taxing calls to give you healthcare

The Nigerian government wants to tax phone calls to provide better healthcare. In today’s edition of the #TechpointAfricaPodcast, we discuss possible implications and upsides to this.

TABS is tomorrow! 💃 💃

TABS is tomorrow! 💃 💃

On #TechpointDigest, we discuss Victory Farms’ $5m investment, Netflix for kids and people with disabilities, and TikTok’s plan to credit creators.

Subscribe to Techpoint Digest!

A daily 5-minute roundup of happenings in African and global tech, sent directly to your email inbox, between 5 a.m. and 7 a.m (WAT) every week day!

Please check your email to confirm your subscription.

Subscribe to Blockchain Explorer

Analysis oninnovation, regulations, and trends inthe blockchain sector, as it concerns Africa

Please check your email to confirm your subscription.

Subscribe to The Experts

A bi-weekly where tech career specialists take us on their journey from newbie to expert, and how they became successful in the industry.

Please check your email to confirm your subscription.

Subscribe to Founder's Table

A monthly series, where we catch up with founders in the startup ecosystem, learn about their failures, successes and a few tricks of the trade

Please check your email to confirm your subscription.

Copy link
Powered by Social Snap