The window of opportunity provided by Voluntary Asset and Income Declaration Scheme VAIDS is for individuals and companies to regularise thier tax liabilities. This scheme has commenced since 1st July 2017 and it will end by 31st March 2017.
There is one sure thing about all opportunities.That thing is that opportunity is tied to time. By the time you see an opportunity you will also observe that except you grab it there and then will it not fly past you.
One of the great men in history who seized such an opportunity before it slipped from him as in tapestry.. Untill tomorrow we’ll continue to use the phrase, “a stroke of luck”. How did the stroke became a luck? One common feature of all heros is that become great after they have passed through a trial, a test or an ordeal. How a hero has approached the test, how decisive he has acted and the choice he has made when faced moral or ethical dilemma. After the hero’s darkest hours he overcome, claims his treasure and comes to light and we see and say, “stroke of luck”.
Alexander the great was very decisive and with a stroke cut through the Gordian knots at once. That’s how he solved his world most complex problem in 323BC- thinking out of the box. Alexander in history is one among many that can not be ignored in the art or science of decision making.
The age long disputation of why should the taxpayers pay the next tax dues while the government has not given proof, by way of projects execution with the last, taxes revenue collections. So long this argument subsist so long, it has unending dead lock, an aporia that keeps begin for answer.
The Way Forward
If the argument will like to return back both the government and the taxpayers may not meet it at the point they left it. Why? Because the internet and the information revolution is providing government a huge incentives couple with cooperation across borders. The tax radar can beam as far as the distant governments have pacts to share and exchange information on citizens.
Go ask an accountant, s/he knows that “the taxman knows you”. Every hero needs a helper to help him to conquer his fear. There is the treasure in VAIDS.