Pay your taxes or face punishment – Osinbajo tells tax defaulters

Pay your taxes or face punishment – Osinbajo tells tax defaulters

- Acting President Yemi Osinbajo says names of tax defaulters in the country who fail to comply with a directive to pay up their taxes will be published

- Osinbajo states that information available to the government shows that only 214 Nigerians located in Lagos state pay taxes of N20 million and above annually

- The acting president says about 914 Nigerians, all located in Lagos state except two in Ogun state, pay taxes of N10 million and above annually

Acting president, Yemi Osinbajo, has given an ultimatum to tax defaulters in the country to pay necessary taxes before March 31, 2018 or be punished.

Osinbajo gave the ultimatum on Wednesday, June 28, during the launch of the Voluntary Assets and Income Declaration Scheme (VAIDS) in Abuja, Vanguard reports.

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He warned that the names of tax defaulters in the country who failed to comply with the directive will be publicly shamed.

The acting president said information available to the government shows that only 214 Nigerians located in Lagos state are paying taxes of N20 million and above annually.

The Nation reports that Osinbajo also noted that about 914 Nigerians, all located in Lagos state except two in Ogun state, pay taxes of N10 million and above annually.

He said: “The issue of accountability in tax revenue is one that this government is fully ready and able to address. In our war on waste and inefficiency at all levels we have positioned ourselves to ensure that tax revenues will be a driver of real lasting progress.

“Based on information on tax evasion that is now available, our personal preference is that those who have diverted Nigeria’s legitimate tax revenues abroad or concealed them at home, should taste the full force of the law. However, the extent of noncompliance coupled with the urgent need to revive the economy has persuaded all of our policy makers that we adopt the pragmatic approach of declaring a time limited programme of the VAIDS.

“VAIDS will be operated from July 1, 2017 to March 31, 2018. It will be supported by an executive order that I will sign into law today. VAIDS will offer a once in a lifetime opportunity to those in default to regularise their tax affairs."

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The acting president called on tax defaulters to take advantage of the VAIDS scheme which he said was implemented in the spirit of national reconciliation and rebuilding.

He warned that defaulters who failed to take advantage of the scheme will face the law.

“Upon expiry of the scheme we will consider those who have failed to take advantage of this offer or who have declared falsely, to be wilful tax defaulters and economic saboteurs.

“We will then proceed with aggressive investigation with a view to criminal prosecution. We will also publish a tax defaulters list to name and shame those refusing to do the right thing,” he said.

Meanwhile, Acting President Yemi Osinbajo has approved the appointment of 14 chief medical directors and medical directors of different Federal Teaching Hospitals, Federal Medical Centres and Specialists Hospitals in Nigeria.

In an approval letter signed by the deputy chief of staff to the Acting President which was addressed to the minister of health Isaac Adewole, the five of the appointees will be serving their second and final terms.

It was gathered that about 20 out of 52 tertiary institutions in Nigeria were operating without CMDs or MDs.

The institutions were then run by interim head for about six month to two years against the provision of the Acts upon which they were established.

Congratulating the appointee, the minister of health urged them to ensure that theu operate and all-inclusive administration during their tenure.

In the NAIJ.com video below, the traders at the popular Oba Market on Ring Road in Edo state lament bitterly about the trading conditions in their state and the prices of goods.

Source: Naija.ng

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