Proshare - Facebook Proshare - Twitter Proshare - Google+ Proshare - Linked In Proshare - RSS Feed

Voluntary Assets and Income Declaration Scheme (VAIDS) and Responsible Tax Practice

Proshare

Monday, February 26, 2018 / 04:25 PM / KPMG, Wole Obayomi 

Overview of VAIDS
Proshare Nigeria Pvt. Ltd.

Taxes Covered by VAIDS
Proshare Nigeria Pvt. Ltd.

Prime Targets - Who Should Comply?
 

·       Full time employees with multiple income sources

·      
Companies with understated revenues, profits and taxes

·      
Individuals and companies with assets in offshore tax shelters and have not complied with their local tax obligations

·      
Individuals whose lifestyles are inconsistent with their tax payments on record

·      
Entertainers

·      
Retirees with unexplained wealth

·      
High net worth families and individuals
 

What Tax Authority Now Knows 
Proshare Nigeria Pvt. Ltd.

Global Collaboration against Tax Avoidance
Nigeria recently signed various agreements for Automatic Exchange of Information aimed at increasing transparency and exchange of information among the signatories for tax purposes, including  

Proshare Nigeria Pvt. Ltd.

Proshare Nigeria Pvt. Ltd.

VAIDS Compliance Procedure
Proshare Nigeria Pvt. Ltd.

Tax Compliance - Stakeholder Mapping for VAIDS Purposes
Proshare Nigeria Pvt. Ltd.

How KPMG Can Assist
  
Proshare Nigeria Pvt. Ltd.

Global Principles for a Responsible Tax Practice
 
The key focus of the KPMG tax practices is supporting our clients. In all areas of our work we apply uncompromising professional standards. KPMG’s Global Principles for a Responsible Tax Practice1 are the foundation of expected standards and conduct.

Proshare Nigeria Pvt. Ltd.

Conclusion
  
Proshare Nigeria Pvt. Ltd.

Related News

  1. VAIDS: We have collected N20bn out of the target N305bn - Tunde Fowler
  2. The Deadline for Tax eVAIDers
  3. Executive Order on the Voluntary Assets and Income Declaration Scheme (VAIDS)
  4. FG declares every Thursday, Tax enlightenment day as it launches #VAIDS
  5. N254.10bn Generated as VAT in Q4 2017 – NBS
  6. Label tax evasion,malpractices by MNCs as foreign corrupt practices, Adeosun tells OEDC, World Bank
  7. Taxes, Jobs key to inclusive growth in Nigeria-Kale
  8. Nigeria, Foreign Countries Share Data on Overseas Bank Accounts, Property Owned By Nigerians
  9. National Tax Policy Implementation Committee Presents Report on Tax Law Reforms
  10. The Challenge of Taxing the Informal Economy
READ MORE:
Related News