Posted on Fri 10 Nov 2017, 05:06 AM

Following recent calls t the Federal Government to extend the deadline compliance to the Voluntary Assets and Income Declaration Scheme (VAIDS), the Chairman of the Federal Inland Revenue Service (FIRS) Mr Babatunde Fowler has said there will be no extensions on the set deadline.

The VAIDS programme flagged off by the Federal Government requires all Nigerian individuals and businesses to voluntarily comply with tax payment provisions before the end of March 2018 or face criminal prosecution. 

According to Fowler, the time allocated was enough for compliance, stating that "those who have no intention of complying will not even if you extend the deadline to 10 years.

This is coming after the President of the Chattered Institute of Taxation of Nigeria, Mr. Cyril Ede appealed for an extension of the dealine from March to September, 2018

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