Tax amnesty scheme nudges Nigeria onto right path

by | October 29, 2017 11:48 pm

Decades of overdependence on oil, which accounts for about 70 percent of Nigeria’s revenues, insulated the Federal Government from the colossal loss of potential revenue accruable from appropriately taxing the non-oil sector of the economy. The tax amnesty scheme, tagged Voluntary Asset and Income Declaration Scheme (VAIDS), acknowledges as well as seeks to redress this…

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