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The Federal Government of Nigeria launched a tax amnesty program called VAIDS to generate $1 billion in revenue. The program allows taxpayers to declare past assets and income from 2011-2016 to settle tax liabilities. Taxpayers can receive immunity from prosecution and penalties by making full disclosures verified by tax authorities. However, concerns include whether states will respect the amnesty and how taxpayers can challenge authority decisions or disputes under the program.

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valentine

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EN