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VAIDS - Clarification to Taxpayers with Annual Turnover of N1 Billion

VAIDS - Clarification to Taxpayers with Annual Turnover

Following the expiration of the amnesty window provided by the Voluntary Assets and Income Declaration Scheme (VAIDS), the FIRS is aware that some companies, partnerships and enterprises etc have annual banking turnover of N1 billion.

Wole Obayomi

Partner & Head, Tax, Regulatory & People Services

KPMG in Nigeria


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To those responding through consultants to address their non-compliance, such consultants are advised to be professional in their assessment and responses to the FIRS on the above notice and show evidence of payment of undisputed taxes and desist from giving frivolous excuses that will not pass the test of the tax laws.

Click here to read more on the VAIDS - Clarification of taxpayers with annual turnover of N1 billion.

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