Celebrities Beware The Tax Man Is Coming For You!
Celebrities in Nigeria have come under the radar of tax collectors.
After warming up for 15 months in preparation for the invasion of entertainers who evade tax, the federal government has launched the voluntary asset and income declaration scheme (VAIDS).
Under this scheme the exotic cars, yachts, private jets and other luxurious properties will now be accounted for and the appropriate levies charged.
The scheme will have a 9-month grace period for the celebrities to make amends or face the full wrath of the law, which could include jail term of up to 5 years and extra penalties.
Celebrities with houses in exotic locations and expensive toys whose tax record is not consistent with their possessions, have been sternly advised to clarify sources of income for the house and pay necessary taxes within July 1, 2017 and March 31, 2018, because the tax man is coming, and he is not smiling.