FIRS Launches Real-Time VAT Monitoring Portal to Curb Tax Leakages in Nigeria's Digital Economy

FIRS Launches Real-Time VAT Monitoring Portal to Curb Tax Leakages in Nigeria's Digital Economy

FIRS Launches Real-Time VAT Monitoring Portal to Curb Tax Leakages in Nigeria’s Digital Economy Nigeria’s Federal Inland Revenue Service (FIRS) has developed a real-time transaction monitoring portal to track VAT-eligible electronic transactions, marking a major shift in tax enforcement across the country’s fast-growing digital economy. The Transaction Monitoring System, as it’s called, is designed to give FIRS real-time visibility into payments…