The Federal Government of Nigeria launched the Voluntary Asset and Income Declaration Scheme, (VAIDS) on the 29th of June this year. The main objective is to broaden the country’s tax base and offer incentives for tax evaders. But how have the country’s high net worth responded to the scheme so far? Emeka Onwuka, Partner and Head Family Wealth and Private Clients at Andersen Tax joins CNBC Africa to discuss this.
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