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 with extensions to other sectors such as the Telecommunication and Financial services to follow.
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The Acting Executive Chairman of FIRS, Alhaji Kabir Mashi made this known yesterday in Abuja at a one-day sensitisation workshop for FIRS Field Officers, Collection Agents and Banks.
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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.