- FIRS e-Invoice Initiative: The Federal Inland Revenue Service (FIRS) is set to launch an e-invoicing and e-valuation solution, starting with a pilot phase involving selected large taxpayers to enhance tax compliance and revenue collection in Nigeria.
- Stakeholder Engagement: During a stakeholders’ engagement, FIRS officials emphasized the transformative potential of the e-invoicing system, highlighting its role in fostering efficiency, transparency, and accountability in tax administration.
- Technological Integration: The e-invoice system, developed locally by D’Accubin Technology Limited, aligns with international standards (BIS Billing 3.0 UBL) and integrates with electronic reporting, POS systems, and cloud solutions to facilitate seamless data exchange and support intelligent decision-making for businesses and policymakers.
Source The Cable
