- The Nigerian Federal Inland Revenue Service (FIRS) has announced its plans to introduce mandatory e-invoicing through a new digital system called FIRS e-invoice.
- The initiative will facilitate real-time transaction validation and storage and cover B2B, B2C and B2G transactions. The announcement was made at a private stakeholder meeting themed “Emerging Tax Matters”.
- Nigeria already has mandatory e-invoicing for imports and exports, requiring the parties to import and export transactions to submit e-invoices to the Central Bank of Nigeria’s (CBN) dedicated portal for validation.
- Implementation dates and further details have yet to be published.
Source Sovos
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See also
- E-Invoicing/Real Time Reporting – What can you find on VATupdate.com
- Worldwide Upcoming E-Invoicing mandates, implementations and changes – Chronological
- Collection of E-Invoicing Guides – Worldwide – VATupdate
- Join the Linkedin Group on Global E-Invoicing/E-Reporting/SAF-T Developments, click HERE
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