
News Breaking: Federal Government Announces New Scheme Called The VAT DIRECT INITIATIVE
💥BREAKING Federal Government announces a new scheme called the VAT DIRECT INITIATIVE, aimed at collecting Value Added Taxes (VAT) from the informal sector. This initiative is expected to reduce multiple taxations and streamline the taxation process in the informal economy. Here’s everything you need to know👇🏽👇🏽 1️⃣ The Federal Inland Revenue Service (FIRS) is responsible for collecting VAT and other revenues for the government. They will be partnering with the Market Traders Association of Nigeria (MATAN) to collect and remit VAT from their members, particularly those in the informal sector. 2️⃣ MATAN, founded in 1995, is the largest player in…









