The Federal Inland Income Service (FIRS) has commenced digital invoicing answer – e-invoicing – geared toward revolutionising tax fee within the nation.
The e-invoicing system, also referred to as the Service provider-Purchaser Mannequin, is geared toward making tax compliance simpler, quicker and extra clear for all classes of taxpayers.
The FIRS, in an announcement by Dare Adekanmbi, the particular adviser on Media to its chairman, Zacch Adedeji, stated the e-invoicing answer went dwell on August 1, following a profitable pilot section which started in November 2024.
In keeping with the assertion, giant taxpayers, that are firms with annual turnover of N5billion and extra, are anticipated to be the primary to be onboarded on the platform.
In lower than two weeks of the initiative going dwell, no fewer than 1,000 firms, representing 20 p.c of over 5,000 eligible corporations, have thus far embraced the answer and commenced integration with FIRS MBS platform.
The remaining giant taxpayers are anticipated to return onboard on or earlier than November 1, which is the deadline for all of the corporations within the class to finalise their onboarding and integration processes.
“MTN Nigeria turned the primary taxpayer to transmit dwell digital invoices to the FIRS, formally ushering within the e-invoicing regime. Huawei Nigeria and IHS Nigeria have additionally concluded check transmissions and are set to go dwell within the coming days.
“In collaboration with the Nationwide Info Know-how Growth Company (NITDA), Service Suppliers have been integrated into the ecosystem to behave as each System Integrators and Entry Level Suppliers. These suppliers will facilitate the onboarding, integration, and bill transmission processes for taxpayers,” Adekanmbi stated.
The assertion added that FIRS counseled all giant taxpayers, tax consultants, and repair suppliers for his or her cooperation and dedication to the success of the e-invoicing challenge.
“We additionally acknowledge the real efforts of many taxpayers who strove to satisfy the first of August 2025 deadline however encountered operational constraints.
“Within the spirit of encouraging voluntary compliance, the FIRS administration has graciously permitted a three-month extension of the deadline, with the brand new deadline now set for 1st November 2025.
“The FIRS e-Invoicing Implementation Workforce will proceed to supply assist by stakeholder engagements, together with webinars, workshops, and city corridor conferences, to make sure a seamless transition for all giant taxpayers,” he stated.
The nationwide e-invoicing answer is an digital fiscal system (EFS) developed by FIRS to supply real-time visibility into business transactions and make sure the authenticity, accuracy, and completeness of invoices.
It’s being rolled out in phases, starting with giant taxpayers and with these within the medium and rising teams to observe.
The system aligns with international finest practices and helps the Federal Authorities’s broader targets of enhancing income assurance, decreasing tax evasion, and modernising tax administration.
It’s also a important device within the implementation of the Nigeria Income Companies Reform Act, which seeks to harmonise income reporting and set up a single supply of reality for presidency revenues.
We’ve obtained the sting. Get real-time reviews, breaking scoops, and unique angles delivered straight to your telephone. Don’t accept stale information. Be a part of LEADERSHIP NEWS on WhatsApp for twenty-four/7 updates →
