Telecom

Nigeria’s tax authority will now digitally verify taxes paid by telecom companies

Nigeria’s tax authority will now digitally verify taxes paid by telecom companies
Friday, 12 June 2020 17:58

The Nigeria Communications Commission (NCC) signed a memorandum of understanding with the Federal Inland Revenue Service (FIRS), on 9 June 2020, to verify that telecoms companies are paying taxes. 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.

The objective of this collaboration for the two federal agencies is to ensure the accuracy and completeness of the payment of value-added tax (VAT) and other taxes imposed on telecom operators' transactions.

According to Umar Danbatta, Executive Vice President of the NCC, the regulator is making sure, through this memorandum of understanding, that telecom operators -who already face multiple tax problems- fulfill their tax obligations. Umar Danbatta reassured that the integration of the FIRS technology solutions with the transaction systems of the telecom operators will not affect the cost and quality of services provided by the operators to consumers.

On the same topic
This successful bond sale not only reinforces AXIAN Telecom’s financial strength but also signals growing investor confidence in African digital...
• Experts at Cyber Africa Forum 2025 stress consumer education to fight cyber threats• Social engineering scams, phishing, and money mule schemes are...
Lebara Group is now bringing its affordable and reliable mobile services to Africa, starting with Nigeria. This marks a major step in its global expansion...
Monthly mobile data traffic per smartphone in Sub-Saharan Africa will rise to 14 GB by 2030. Total mobile data traffic is expected to grow from 2.3...
Most Read
01

• Maritime sector faces renewed risks amid military tensions in the Middle East• Blockade fears at S...

Israel-Iran conflict raises new threats for global shipping and oil trade
02

Lebara Group is now bringing its affordable and reliable mobile services to Africa, starting with Ni...

Telecoms: Lebara Enters Nigerian Market with Strong Competitive Ambitions
03

In a West African financial landscape marked by tighter regulation of the fintech sector, digital fi...

In Five Years, Francophone Africa Will be A Major Force in African Tech –Régis Bamba
04

• Google unveils Veo 3, its latest AI tool for ultra-realistic video generation• Experts warn deepfa...

Deepfake Threat Becomes Alarming in Africa as AI Advances Faster Than Laws
05

Kenya tops African entries in 2025 IMD ranking at 56th globally. Botswana, Ghana, South Afric...

Six African Countries Rank Among Top Economies in 2025
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

Benjamin FLAUX
bf@agenceecofin.com 
Téls: +41 22 301 96 11 
Mob: +41 78 699 13 72
Média kit : Download

EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.