- President Muhammadu Buhari has extended the date for the payment of tax to Saturday, June 30
- The decision by the president came after much appeal from professional bodies and taxpayers
- The extension was announced by the special adviser to the president on media and publicity, Femi Adesina
The special adviser to President Muhammadu Buhari on media and publicity, Femi Adesina, has said that the presidency has approved the extension of the Voluntary Assets and Income Declaration Scheme (VAIDS) deadline to Saturday, June 30.
The short extension after the original Saturday, March 31 date is based on the appeals of professional bodies and individual taxpayers, the News Agency of Nigeria (NAN) reports.
However, Adesina reported that it is the decision of the presidency that there will be no further extension of date after this.
The presidency further stated that the extension was also based on the advice of the ministry of finance that the overall objective to increase compliance will be attained, and additional revenue will accrue. A fresh executive order will be made to give legal backing to the new timeline.
President Buhari said: "For a nation of people who are competitive and driven, it is not a pride that we are the lowest performer in tax to GDP, not just in Africa, but in the world.
"Nigeria's growth needs are such that every Nigerian must do his duty to his nation, to his neighbour, and to himself.
"Hiding monies overseas, evading taxes by manipulation, and other unwholesome practices, have never developed a country, and for Nigeria to attain her true potential, these must stop."
The President urged Nigerian companies and individuals to join the federal government in the rebuilding mission, "and do the right thing by taking this window of extension to regularize."
Meanwhile, NAIJ.com reported that the VAIDS team led by the minister of finance, Kemi Adeosun took a sensitization campaign to Enugu state as part of the effort towards educating the public on their tax obligations and why they should embrace the scheme.
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