Executive Order (On the Voluntary Assets and Income Declaration Scheme) of 2017
Federal Government, Nigeria
This Executive Order permits the Federal Ministry of Finance to set up a Voluntary Assets and Income Declaration Scheme (hereinafter referred to as “the Scheme”) for all categories of taxpayers who have defaulted in payment of taxes due and collectable subject to the fulfilment of the terms and conditions that are stipulated in this Order and other subsequent complementary regulations. The scheme encourages and provides an opportunity for eligible taxpayers to regularize their tax status for all the relevant years; pay all outstanding taxes; prevent and stop tax evasion; and ensure full tax compliance.
Process Flow
National Assembly ⬤
Office of the President ⬤
Executive Order (On the Voluntary Assets and Income Declaration Scheme) of 2017 Current Version
January 2022
This Executive Order permits the Federal Ministry of Finance to set up a Voluntary Assets and Income Declaration Scheme (hereinafter referred to as “the Scheme”) for all categories of taxpayers who have defaulted in payment of taxes due and collectable subject to the fulfilment of the terms and conditions that are stipulated in this Order and other subsequent complementary regulations. The scheme encourages and provides an opportunity for eligible taxpayers to regularize their tax status for all the relevant years; pay all outstanding taxes; prevent and stop tax evasion; and ensure full tax compliance.
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