Buhari Extends Tax Amnesty To June 30
If you have yet to take advantage of the tax amnesty programme, you still have up until June 30 to pay up on what you owe the government.
On Wednesday, President Muhammadu Buhari approved the extension of the Voluntary Assets and Income Declaration Scheme to June 30.
The approval for the extension of the deadline was contained in a statement issued by the President’s Special Adviser on Media and Publicity, Mr. Femi Adesina, in Abuja on Wednesday.
According to the statement, the short extension after the original March 31 date is based on the appeals of professional bodies and individual taxpayers.
The statement, however, maintained that no further extension of time would be approved after June 30.
It stated that a new date was also given, based on the conviction of the Ministry of Finance that the overall objective to increase compliance will be attained, and additional revenue will accrue.
It said that a Fresh Executive Order would be made to give legal backing to the new timeline.
“For a nation of people who are competitive and driven, it is not a pride that we are the lowest performer in tax to GDP, not just in Africa, but in the world.
“Hiding monies overseas, evading taxes by manipulation, and other unwholesome practices, have never developed a country, and for Nigeria to attain her true potential, these must stop,’’ President Buhari was quoted as saying in the statement.
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