While speaking on the voluntary asset and income declaration scheme (VAIDS) where the federal government has recently granted amnesty to tax offenders, chairman of the Federal Inland Revenue Service (FIRS), Babatunde Fowler says that all income earners in Nigeria should be held accountable when it comes to tax declaration.
Fowler who made this known while speaking on Arise TV, said Nigerians should not only be consistent with their tax declaration, but should also make it a life style.
He said; “this country requires those taxes to develop too. Nobody will develop Nigeria except we start developing it”.
“For example, if you declare that you own a car of N10 million, and a house worth N50 million, your clothes, including your suit, watch and tie maybe worth a million naira and you declare that you earn N2 million year, the question would be if you earn such amount yearly, how can you you afford the house, the car, the expensive suit and the wrist watch?”
“These are the questions we are asking. So we believe quite frankly that Nigerians can be law abiding.”
We also told you few days ago that in order to increase the country’s tax base, the federal government has offered tax offenders another amnesty.
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