The tax agency -which no longer wants to be completely dependent on the operators’ accounting books- will integrate an application programming interface (API) into their systems.
“The API, which was developed in-house, is transaction-based and all we are trying to do is to ensure we have the basis for determining the completeness and accuracy of VAT elements in telecoms transactions,” explained Muhammad Nami (pictured), the executive chairman and CEO of FIRS.
Sources
Latest Posts in "Nigeria"
- Nigeria Overhauls VAT Rules: Expanded Deductions, New Exemptions, Fossil Fuel Surcharge, Stricter Compliance
- Pass-Through Costs: Tax Implications of Reimbursable Expenses for VAT and WHT in Logistics
- Is Commercial Rent Subject to VAT Under Nigeria’s 2025 Tax Act?
- Why Exporters Must Still Pay VAT on Local Purchases in Nigeria: Common Misconceptions Explained
- Nigeria Centralises VAT Collection as Customs Exits, NRS Takes Over Amid Sweeping Tax Reforms
