NCC, FIRS sign MoU for ascertaining VAT elements of telcos’ transactions

NCC, FIRS sign MoU for ascertaining VAT elements of telcos’ transactions

In line with its inter-agency collaboration, the Nigerian Communications Commission (NCC) has signed a Memorandum of Understanding (MoU) with the Federal Inland Revenue Service (FIRS) to ensure the tax agency ascertain accuracy and completeness of value added tax (VAT) elements and other taxes payable in the transactions of telecoms operators. With the MoU, the FIRS will be able to integrate an application programming interface (API) technology solution with the systems of telecom operators for independent verification of the amount of VAT that should be paid by mobile network operators (MNO)…

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