VAIDS’ N17bn revenue offers window view into tax leakages

by | February 12, 2018 1:30 am

Nigeria’s 6 percent tax-to-GDP ratio is among the lowest in the world, due to low tax compliance among high net-worth individuals and a large informal sector. The relative success of the Voluntary Asset and Income Declaration Scheme (VAIDS) bears witness to this. Introduced by the Federal Government in June 2017, VAIDS is designed to shore…

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