The Federal Inland Revenue Service (FIRS) has commenced an electronic invoicing solution (e-invoicing) aimed at revolutionizing tax payment in Nigeria.
The e-invoicing system, also known as the Merchant-Buyer Model, is designed to make tax compliance easier, faster, and more transparent for all categories of taxpayers.
The e-invoicing solution went live on August 1, following a successful pilot phase that began in November 2024.
Large taxpayers, which are companies with an annual turnover of N5 billion and more, are expected to be the first to be onboarded on the platform.
In less than two weeks of the initiative going live, no fewer than 1,000 companies, representing 20% of over 5,000 eligible firms, have already embraced the solution and commenced integration with FIRS MBS platform.
The remaining large taxpayers are expected to come onboard on or before November 1, which is the deadline for all firms in the category to finalize their onboarding and integration processes.
MTN Nigeria became the first taxpayer to transmit live electronic invoices to the FIRS, officially ushering in the e-invoicing regime.
Huawei Nigeria and IHS Nigeria have also concluded test transmissions and are set to go live in the coming days.
The FIRS has provided support for taxpayers through stakeholder engagements, including webinars, workshops, and town hall meetings.
The FIRS management has also granted a three-month extension of the deadline, with the new deadline now set for November 1, 2025, to accommodate taxpayers who encountered operational constraints.
The national e-invoicing solution is an electronic fiscal system (EFS) developed by FIRS to provide real-time visibility into commercial transactions and ensure the authenticity, accuracy, and completeness of invoices.
The system aligns with global best practices and supports the Federal Government’s broader objectives of enhancing revenue assurance, reducing tax evasion, and modernizing tax administration.
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