FIRS wants banks and fintechs to share transaction data for VAT monitoring

Nigeria’s Federal Inland Revenue Service (FIRS) has developed a real-time portal to track all VAT-eligible electronic transactions and is mandating integration from banks, card schemes, fintechs, and payment service providers, according to an internal presentation seen by TechCabal, part of an aggressive push to plug tax leakages in the fast-growing digital economy.

“This system…