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    VAIDS: Experts say data, info-sharing agreements will expose tax dodgers

    Yomi Olagbenro of Deloitte observed that tax avoidance, especially for those with incomes and assets outside Nigeria has been made more difficult. Tax experts have said defaulters and prospective taxpayers will be exposed through data and a series of information-sharing agreements to which Nigeria is a signatory.The experts advised taxpayers to seize the opportunity provided by the Voluntary Assets and Income Declaration Scheme (VAIDS) or risk having themselves The advice was given in Lagos on Friday, November24, 2017, 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, which held at the Federal Palace Hotel, 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. Ukonu said data had always been available, but not as integrated as they now are.

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