May 24, 2018

FG to prosecute tax offenders through special courts … identifies 130,000 high profile tax evaders (Punch)

FG to prosecute tax offenders through special courts … identifies 130,000 high profile tax evaders (Punch)

The Federal Government will from April 1 this year start the prosecution of tax defaulters who fail to take advantage of the nine-month amnesty window provided by the Voluntary Assets and Income Declaration Scheme.

It said that from that date, special tax courts would be established to prosecute those who failed to regularise their tax status under VAIDS.

The Minister of Finance, Mrs. Kemi Adeosun, said these on Tuesday in Abuja during a live breakfast show, ‘Good Morning Nigeria’, aired by the Nigerian Television Authority.

VAIDS offers a grace period from July 1, 2017 to March 31, 2018 for tax defaulters to voluntarily pay back to government what they owe. Read more

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