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) rather than relying entirely on the Operators’ books of accounts.

According to him, “Our concern, as Regulator of the telecoms industry, is that we needed to be sure that it is not another way to tax telecoms Operators, who are already dealing with multiple taxation issues. We have also ensured that the integration of the solutions with telcos’ transactions systems will not, in any way, impact the cost and quality of service delivery by the Operators to telecoms consumers.”

Danbatta, therefore, assured telecoms consumers and stakeholders that the integration of FIRS solution with the Operators’ systems is entire to ascertain the accuracy of the VAT elements being paid by the Operators on their transactions and will not, in any way, degrade the quality of service delivery or lead to the high cost of service to the consumers.

In his comments, the Executive Chairman and Chief Executive Officer, FIRS, Muhammad Nami, who thanked the NCC for accepting to collaborate with the tax agency, said the MoU is mainly to ascertain the completeness of tax transactions of mobile service providers to the Federal Government due to the shift of physical businesses to electronic-based business activities.

He said: “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.”

SOURCE:https://brandspurng.com/2020/06/13/nigerias-tax-authority-will-now-digitally-verify-taxes-paid-by-telecom-companies/

What's the essence of the tax if previous tax couldn't be accounted for?

Nigerians pay taxes, only for Executhieves,Legislooters and House of rapes to embezzle it.

Nothing to show for the taxes... Ordinary palliatives they couldn't even give.

Nonsense.

They collect that tax, this tax and yet nothing works in Nigeria... Amazing

Okay oh...

postbox:


SOURCE:https://brandspurng.com/2020/06/13/nigerias-tax-authority-will-now-digitally-verify-taxes-paid-by-telecom-companies/

Noted

postbox:


SOURCE:https://brandspurng.com/2020/06/13/nigerias-tax-authority-will-now-digitally-verify-taxes-paid-by-telecom-companies/

Noted

We will get there.!

Chai
Different avenues for siphoning monies. U people should take it easy on us bikonu.
All this while taxes are being paid, where's what to show for it?

Una well done o

The more they tax.......the more they loot........thieves.

Good idea

Meanwhile

Hd Movies are available on an external Drive, location is ph,but can be send to your location,check my profile

Tax tax tax


Now the FGN is robbing Paul to pay Peter...


That stamp duty of a thing on bank transaction is wickedness. I am angry.

Person go send 1k to me, you remove stamp duty, how do you want me to withdraw the money...

Thieves

If only the government were actually using the tax, there wouldn’t be much complaints. Sadly, you will always see the issue of tax on the news, but also hear of the mishandling of funds. They need to sit up.

The same tax that is being taken for the poor masses. This government will at some point tax the air we breath in this country!!

NIGERIA SHOULD BE RESTRUCTURED.

To run this present federalism all the regions must contribute to the federal purse.

NO collection of REGIONAL TAXES THAT WILL NOW BE SHARED TO LAZY NORTHERN STATES.

Let northerners go and collect taxes from the Agricultural produce in their own region.

WHENEVER BUHARI GOVERNMENT BORROW MONEY HE SHOULD MAKE SURE ALL THE REGIONS BENEFIT FROM SUCH LOANS.

Taking the loan money to develop alone his own NORTHERN REGION is a barbaric acts that should not be condoned.

Digital money all the way to go. You transfer money to another person's account without seeing the cash. But to invest in digital money you are now scared

Check my signature for legit passive income

HornyTave:
What's the essence of the tax if previous tax couldn't be accounted for?

It is not that the previous tax is not accounted for. He is talking about VAT. Remember, he was appointed purposely to FIRS to eat. He was appointed purposely to reap where he did not sow. Prof Dambatta has just been given another term as NCC CEO. Telecom is a Cash Cow and easy money.

Babatunde Fowler, the previous chairman after the recession and with severe dwindling oil revenue which affected all industries introduced VAT on POS transactions, Calls & SMS and on Pay TV. Nigerians attacked him and abused him. He made the FG to approve it and forwarded it to Senate for approval. These areas are easy money and big money for FIRS.

In expectations of this income, he started to discredit Fowler just to take credit from expected surge in income from telecom and Pay TV. Covid -19 now came which is similar to recession of 2016 to mid 2018.

Nigerians should move against tax on POS transactions, SMS & Calls and on Pay TV.

babaolofin:


It is not that the previous tax is not accounted for. He is talking about VAT. Remember, he was appointed purposely to FIRS to eat. He was appointed purposely to reap where he did not sow. Prof Dambatta has just been given another term as NCC CEO. Telecom is a Cash Cow and easy money.

Babatunde Fowler, the previous chairman after the recession and with severe dwindling oil revenue which affected all industries introduced VAT on POS transactions, Calls & SMS and on Pay TV. Nigerians attacked him and abused him. He made the FG to approve it and forwarded it to Senate for approval. These areas are easy money and big money for FIRS.

In expectations of this income, he started to discredit Fowler just to take credit from expected surge in income from telecom and Pay TV. Covid -19 now came which is similar to recession of 2016 to mid 2018.

Nigerians should move against tax on POS transactions, SMS & Calls and on Pay TV.

The 'type' of tax is not what I'm talking about but tax in total.

wetn dem deh use the tax do??

babaolofin:


It is not that the previous tax is not accounted for. He is talking about VAT. Remember, he was appointed purposely to FIRS to eat. He was appointed purposely to reap where he did not sow. Prof Dambatta has just been given another term as NCC CEO. Telecom is a Cash Cow and easy money.

Babatunde Fowler, the previous chairman after the recession and with severe dwindling oil revenue which affected all industries introduced VAT on POS transactions, Calls & SMS and on Pay TV. Nigerians attacked him and abused him. He made the FG to approve it and forwarded it to Senate for approval. These areas are easy money and big money for FIRS.

In expectations of this income, he started to discredit Fowler just to take credit from expected surge in income from telecom and Pay TV. Covid -19 now came which is similar to recession of 2016 to mid 2018.

Nigerians should move against tax on POS transactions, SMS & Calls and on Pay TV.

That is the norm in other countries. You pay vat on the bolded text. Seun what is your take.?

Yeye country.. all I'm waiting for is to get out of this fucking country plus waiting for coming back of Jesus Christ..

mtn and Co no gp like this