Commissioner of finance Tamakat Weli in her speech said the scheme which was launched on the 28th of June 2017 by the acting president Professor Yemi Osinbajo is expected to last for nine months only from July 1st to 31st March 2018 and there shall be no renewal nor extension . “The scheme is a time limited opportunity for taxpayers to voluntarily disclose previously undisclosed assets and income for the payment of all outstanding Nigeria tax liabilities with the assurance that they will not face criminal prosecution for tax offences ,”. ‘The key condition of the scheme is that a full and honest declaration must be made “. “The key condition of the scheme is that a full and honest declaration must be made ,the aim of this scheme is to offer an amnesty window to allow Nigerians who may have evaded tax,whether ignorantly or deliberately ,the opportunity to do their civic duty and pay the correct taxes whilst providing the much needed revenue for Nigeria’s infrastructure .” “Upon the expiration of the Voluntary Asset and Income Declaration Programme ,Government will commence criminal prosecution of those who have evaded taxes and yet failed to take advantage of the scheme”. ” The scheme covers all Federal and state taxes and will cover all back taxes for 6 years ,in line with the statutory periods of limitation under the relevant statues “.

“The launch of VAIDS in Plateau state and across the country will ensure that tax administration in Plateau is carried out seamlessly while improving the existing friendly interface between tax payers and the tax authorities, as Plateau under the visionary leadership of our rescue Governor Simon Lalong is once again taking the lead to bring succor to Plateau people by being among the first states to launch VAIDS .” “I call on citizens of the state to take advantage of the amnesty window which this scheme provides to Voluntarily and honestly declare all hitherto undeclared assets and incomes and regularize their standing with the federal ,state and local government tax authorities, I solicit for the support of all Plateau citizens for this administration as it sets out to achieve its five point policy trust and sustain peace and development being witnessed in the state .”

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PLSG launches Voluntary Assets and Income Declaration Scheme (VAIDS )

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