The Federal Inland Revenue Service (FIRS) has announced its intention to launch a nationwide Value-Added Tax (VAT) and Withholding Tax (WHT) compliance monitoring exercise for all taxable individuals, commencing on October 23.
The tax authority also pointed out that taxable individuals or tax agents who are subject to the VAT and WHT compliance monitoring initiative will be duly notified by the FIRS, and the necessary documents and requirements for the exercise will be outlined in the communication sent to the selected entities.
Source: nairametrics.com
