The federal government has fine-tuned plans to punish and possibly jail entertainers who evade taxes after the nine-month grace period set out by the recently launched voluntary asset and income declaration scheme (VAIDS).
TheCable learnt that for 15 months, the federal government via various agencies and departments, to include the private sector, has been gathering information on tax compliance of many celebrities and high net worth individuals in the country.
“Highly qualified” agents of the federal ministry of finance have worked with the banks, Nigeria Financial Intelligent Unit (NFIU), bureau de change (BDCs), Corporate Affairs Commission (CAC), to monitor the degree of tax compliance of many celebrities and high net worth individuals.
The government has also reviewed land ownership, ownership of exotic cars, yatchs, private jets and other luxurious properties to understand the earnings and assets of many of these persons, relative to their taxes.
Following massive revelations, the government launched VAIDS, a scheme that allows these celebrities and other Nigerians to declare their assets and income, and pay necessary taxes without interest, penalty or investigation.
TheCable understands that the scheme, which will run for nine months, is a grace period for the celebrities to make amends or face the full wrath of the law, which could include jail term of up to five years.
For celebrities with houses in exotic locations worth millions of naira, and a tax record not consistent with the value of the property, the goverment advises that such celebrities “complete form VA1” and clarify sources of income for the house and pay necessary taxes within July 1, 2017 and March 31, 2018.
Celebrities who do not take advantage of the scheme risk “up to five-year imprisonment, get severe extra penalties: up to 100% of the outstanding tax due, a compound interest at 21% per annum, and forfeiture of such assets”.
Tiwa Savage To Release New Song, ‘Ole’
Nigerian singer, Tiwa Savage, is set to release a new song titled ‘Ole’ featuring Naira Marley. The award winning artist took to her Twitter page to share a teaser from the upcoming video.
‘Ole’ is a Yoruba word for ‘thief’. Stating why she has decided to release the song on Friday, October 30, she writes:
“An artist’s duty is to reflect the times. And at this crucial time in our lives everyday is a matter of survival – Nina Simone
It’s time to reclaim Nigeria back, we shall not only continue from where our parents left off but we shall win. Ole ft Naira Marley THIS FRIDAY”
‘Ole’ is a track on her third studio album, ‘Celia’.
See her tweet below:
Actress Ani Amatosero Says There Is SARS In Entertainment Industry
Nollywood actress, Ani Amatosero, has opened a can of worms in the entertainment sector. The movie star states that there is also SARS in the industry. Therefore, her colleagues in the industry should put a stop to their unwholesome activities.
Taking to her Instagram page, she writes:
“SARS IN THE ENTERTAINMENT SECTOR If you are a DIRECTOR, and you ask for sex before giving roles, you are worse than SARS. If you are a PRODUCER, and you owe your casts and crew and you refuse to pay, you are worse than SARS.
If you are an ACTOR, and you scheme your way to hijack a role from your fellow actor, some will tell their marketer boyfriends names of people that will not be in the job, then your name is SARS.
If you are a PM/Director/Producer and you tell people to register under your company (after registering in AGN) and you don’t give them good jobs, you are Daddy/Mummy SARS. We need to also cleanse the ENTERTAINMENT SECTOR”
See her post below:
‘I’m Sad All Over Again’ – Adekunle Gold Remembers Lekki Tollgate Shootings
Popular Nigerian singer, Adekunle Gold has said that he is still sad over the tragedy that struck at Lekki Tollgate, Lagos in the penultimate week.
Information Nigeria recalls men dressed in military wear opened fire on #EndSARS demonstrators, who convened at the protest ground on Tuesday, October 20.
Taking to Twitter, the singer stated that he is unhappy because the Nigerian Government hasn’t been able to hold one person responsible for the unfortunate incident one week later.
In his words;
“One week since Lekki Massacre and NOT ONE PERSON has been held responsible for the senseless killings of our people! Nothing has happened! I’m sad all over again.”
See his tweet below:
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