Tax defaulters and prospective taxpayers have been advised to seize the opportunity provided by the Voluntary Assets and Income Declaration Scheme (VAIDS) or risk having themselves exposed through data and a series of information-sharing agreements to which Nigeria is a signatory.
The advice was given in Lagos yesterday at a one-day training workshop organised for tax professionals by the VAIDS office in the Federal Ministry of Finance.
In a paper presented at the workshop, held at the Federal Palace Hotel, Victoria Island, Lagos, Mr. Peter Ukonu of Financial Derivatives warned that the availability of data from various sources makes it difficult for tax dodgers to evade the attention of tax authorities.
Data, information-sharing agreements will expose tax dodgers, say experts
