The Executive Chairman of the Federal Inland Revenue Service (FIRS), Babatunde Fowler, has expressed confidence in the viability of the Voluntary Asset and Income Declaration Scheme (VAIDS), which grants a nine months amnesty to Nigerians who have not paid their income taxes to come forward to do so without being penalised, saying several corporates and individuals have started to come forward to make enquiries on how they can pay back their taxes and regularise their status.

Fowler said since Acting President Yemi Osinbajo signed the Executive Order on VAIDS almost four weeks ago, the FIRS has been besieged with enquiries from corporates and individuals for information on how they can pay their backlog of unpaid taxes.

In order to keep the Nigerian public informed on the progress made through VAIDS, Fowler added that his agency would issue monthly updates on the success of the scheme.

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