The Gombe State Board of Internal Revenue, in collaboration with the Federal Inland Revenue Service (FIRS), has launched the Voluntary Income and Assets Declaration Scheme (VAIDS) in the state.
Executive chairman of the board, Alhaji Muhammad Adamu Damji, said with launch of the scheme in the state, the board is targeting to internally generate N1 billion monthly.
He said the projected monthly IGR of N1 billion was achievable, following a robust awareness campaign and the public becoming more enlightened by the day.
Damji added that the state revenue generation has grown from between N70 million and N150 million monthly to N200 million and N500 million monthly, since the inauguration of a new tax policy in February 2017.
According to him the increase was achieved through the Internal Revenue Central System tax reforms which, he said, has blocked leakages and increased revenue generation in the state.
Our correspondent reports that the VAIDS is expected to last from July 1, 2017 to March 30, 2018 within which defaulters over a period of six years could regularise their tax status without penalty.
