FG Targets 4 Million Fresh Taxpayers Through Tax Amnesty
The federal government believes it would be able to bring in additional 4 million people into the tax net through the tax amnesty scheme.
The tax amnesty is being implemented through the Voluntary Assets and Income Declaration Scheme.
The scheme started last year and would expire by March 31, 2018.
The Minister of Finance, Kemi Adeosun, said she hopes more people would take advantage of the government's benevolence and act right.
This was one of the remarks she made while speaking at the ongoing Platform for Collaboration on Tax Conference at the United Nations in New York.
Adeosun explained that the tax amnesty program was targeted at increasing the tax payer base, raising revenue and regularising the tax status of many Nigerians.
She also noted that the scheme is aimed at raising at least $1 billion, about 360 billion naira for the government, adding that more Nigerians have indicated interest in complying with regulations.
“We are using technology to improve the accuracy and efficiency of the programme. Project Light House is using advanced data mining and data analytics techniques to identify tax defaulters, establish their tax liabilities and send notifications,” Adeosun said.
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