Osibajo signs Voluntary Asset and Income Declaration Scheme

The acting President, Prof. Yemi Osinbajo has signed an executive order to back the Voluntary Asset and Income Declaration Scheme (VAIDS).

The signing of the executive order was done during the formal launch of the scheme in Abuja.

Acting President, Yemi Osinbajo said the new initiative is targeted at increasing tax awareness and compliance, as well as granting taxpayers a time-limited opportunity to regularize their tax status without penalty. He said the scheme will be jointly executed by the federal and state   governments.

The event was witnessed by the minister of finance, Mrs Kemi Adeosun, governors of Ogun, Kaduna, and Zamfara states among others.