The President of Nigeria, Muhammadu Buhari, has on Wednesday, 10th October stepped on Money Laundry and Tax Evasion with VOARS.
With an Executive Order number Eight, through the Voluntary Offshore Assets Regularization Scheme (VOARS), Nigerian taxpayers who hold offshore assets and incomes are expected to, within a period of 12 months, declare voluntary those assets and pay taxes on them.
When they do this, they should expect certain specified benefits. But those who default, but those who default at the expiration of the scheme, will be subject to investigation and enforcement procedures.
“With the Automatic Exchange of Information between Nigeria and foreign countries, there will be no hiding place for anyone,” says President Buhari.
The perfume industry in Nigeria has continued to grow with potential, exhibiting a similar trend to the global perfume market,…
Grammy-winning South African singer Tyla has commended her Nigerian counterpart, Tems, for paving the way for young African female artists…
Nigerian singer and rapper, Ice Prince, has said that he would never pull a stunt to promote his music. Prince…
Actress and movie producer Funke Akindele has announced her upcoming project, ‘Everybody Loves Jenifa,’ as part of the popular #Jenifa…
Asa Asika, the manager of Grammy-nominated singer Davido, has explained why his boss rarely collaborates with Wizkid and Burna Boy.…
Renowned Barbadian singer, Robyn Rihanna Fenty aka Rihanna has discussed her regrets regarding past nude fashion choices and the impact…