Auditing VAT Payments In Telecoms

The FIRS Payment Invoice Gateway

Agenda
The Problem
Daily Vat Collections

The Problem
Telcoms Service Providers Process Millions Of Naira In
Service Revenue Which Is Collected Daily
Airtime
Broadband Recharge

Required To Report VAT Collected On The 22nd Of The

Month

No Means Today To Audit Collections & Remittances

I Only Sold 3 Million NGN Of Airtime..

The Problem
Requires Daily Reporting Of Remittances Accrued
Reporting Of Remittances Paid To FIRS

Ensures The Right Amounts Are Remitted In A Manner

That Is Easy For FIRS To Verify

Daily VAT Collections

Payment Gateway

Daily VAT Collections

Ensures All Participants In The Value Chain Are Paying
And Remitting The Appropriate VAT

Daily VAT Collections

Using FIRS Payment & Invoice Gateway
Daily XML File Transfer From Operator
Detailing All Transactions Across All Channels
Recharge Vouchers
Bank Transfers
Other E-Platforms

Daily VAT Collections

XML File Lists All Transactions
Easily Auditable
Voucher X Loaded In Location Y Sold By Dealer A For Phone
Number Z
Transfer B From Mobile Payment Scheme C For Device E
Information Already Present In Accounting & OSS Systems Of
Operators And ISP

Ensures Dealers & Channels Are Remitting VAT & WHT

Payment Invoice Gateway (PIGS)

Flexible XML Schema Allows PIGS To Be Extended To Any
Industry With A Large Volume Of Daily Payments
FMCG
Cement
Government Payments

Captures All Invoices Raised By All Parties

Ensures Accountability