mt | News: FIRS to automate VAT, WHT payments by airlines. The Federal Inland Revenue Service (FIRS) is to commence implementation of automated Value Added Tax (VAT) and Withholding Tax deductions at source for the aviation industry beginning from September 2013. The Acting Executive Chairman of FIRS, Kabir Mashi made this known in Abuja at a one-day sensitisation workshop for FIRS field officers, collection agents and banks. The pilot scheme of the automation processes which is expected to go live in the third quarter of 2013 would cover other sectors such as telecommunications, power, and financial institutions. Mashi, represented by the Coordinating Director, Direct Report Group (DRG), Onyekachi Ihedioha, also listed the automation of all our receipt processes, increase in the number of payment channels as well as the implementation of the Integrated Tax Administration System (ITAS) as among steps taken by FIRS to ensure increase tax revenue collection for the government.
Posted on: Wed, 26 Jun 2013 06:40:17 +0000
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