The Nigerian Federal Inland Revenue Service (FIRS) has launched a dedicated website for the Voluntary Assets and Income Declaration Scheme (VAIDS). The scheme runs from 1 July 2017 to 31 March 2018 and provides relief from penalties and interest on outstanding tax liabilities on previously undeclared income and assets for the 2011 to 2016 years of assessment, as well as immunity from prosecution. The Scheme covers all federal and state taxes, including companies income tax, personal income tax, petroleum profits tax, capital gains tax, stamp duties, and tertiary education tax. Click the following link for the VAIDS website for more...