- The Nigerian Federal Inland Revenue Service (FIRS) plans to implement its e-invoicing system in phases starting July 2025, beginning with a pilot phase for selected large taxpayers, aimed at enhancing efficiency and compliance in tax administration.
- The new FIRS e-invoice system will facilitate real-time generation, validation, storage, and exchange of invoices, replacing traditional paper-based formats with structured digital records, and will cover various transaction types including B2B, B2G, and B2C.
- Suppliers will need to transmit invoice data for clearance to FIRS before sending to buyers, and B2C invoices must be reported to FIRS within 24 hours; additionally, service providers must be accredited by the National Information Technology Development Agency (NITDA) to participate in the system.
Source: sovos.com
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Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
