Sunday , June 7 2020
Home / Gossips / We’ll prosecute Nigerians evading tax on foreign properties – AGF Abubakar Malami

We’ll prosecute Nigerians evading tax on foreign properties – AGF Abubakar Malami

Malami: We'll prosecute Nigerians evading tax on foreign ...We’ll prosecute Nigerians evading tax on foreign properties – AGF Abubakar Malami

Abubakar Malami, the attorney-general of the federation (AGF) has announced that the federal government will henceforth prosecute anyone found guilty of evading payment of tax on foreign properties.

 

 

 

FOLLOW @BTLSBLOG ON INSTAGRAM; https://instagram.com/btlsblog?igshid=1gvpllu208yzd

 

 

Malami who advised defaulters to take advantage of the voluntary offshore assets regularisation scheme (VOARS) to declare and regularise their assets, added that any bank or intermediary that is found to have helped any citizen conceal foreign properties will pay a fine equivalent to the cost of the property.

 

The statement reads;

 

“For defaulters who may be tempted to continue concealment of their offshore assets, Executive Order 008 as amended stipulates that any domestic or foreign bank, asset manager or intermediary that cooperates with defaulters, enabling them to conceal offshore assets and obligations pertaining to them shall, upon discovery, be liable to pay to the federal government a penalty on the total of such offshore assets, in addition to other penalties provided for under Nigerian laws or laws of foreign countries from which Nigeria can benefit.

 

 

 

Listen and download audio “Give Me Your Love” By Sunnymacksonhttp://btls.co/single.aspx?ref=2020/05/01/01/45/01/Give-me-your-love-by-Sunnymackson

 

 

“Executive Order 008 as amended mandates the AGF to set up and implement a voluntary offshore assets regularisation scheme referred to as ‘VOARS’.

“VOARS gives all relevant persons and their intermediaries who have defaulted in the declaration of their offshore assets the opportunity to voluntarily declare and regularise their offshore assets.

“The federal government hopes that relevant persons amongst Nigerians, Nigerian entities and their intermediaries will seize the opportunity provided by VOARS to declare and regularise their offshore assets before it is too late.

“Relevant persons who voluntarily declare their offshore assets and pay the stipulated levy to the federal government will receive compliance certificates which allow them to use their residual assets freely without hindrance.”

 

 

 

 

This will be the best christian song you will ever want to listen to “The day of The Lord” by Uzohttp://btls.co/single.aspx?ref=2019/11/08/08/04/00/The-day-of-the-Lord-by-Uzo

 

 

About btlsblog

Check Also

17-year-old girl arrested for staging her kidnap with the help of her butcher boyfriend

17-year-old girl arrested for staging her kidnap with the help of her butcher boyfriend

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.