The Federal Inland Revenue Service (FIRS) has announced that it would partner with the Market Traders Association of Nigeria to collect and remit VAT from its members, particularly those in the informal sector using a unified systems technology.
FIRS stated thus:
“A collaboration between FIRS and MATAN where MATAN promotes awareness on VAT collection and remittance in the marketplace and informal sector, while also simplifying VAT payment and remittance for the marketplace and informal sector using a purpose-built digital platform.”
According to the FIRS, the scheme will help tackle multiple taxations in the marketplace through partnerships with security agencies to curb the activities of touts and self-imposed tax collectors.
MATAN members will each receive an ID card upon enumeration, which would contain their Tax Identification Number and other personal details.