FIRS Launches Real-Time VAT Transaction Monitoring System: Implications for Financial Institutions and the Digital Economy
The Federal Inland Revenue Service (FIRS) has officially rolled out a Real-Time Transaction Monitoring System (RTMS) aimed at enhancing the transparency and efficiency of VAT compliance across Nigeria’s digital economy. This initiative mandates banks, card schemes, fintech companies, and payment service providers to integrate their systems with the FIRS platform to provide real-time data on […]
