Nigeria’s New E-Invoicing Rules: Streamlining Tax Compliance with Electronic Invoices and Centralized Platform

• Nigeria’s Federal Inland Revenue Service is introducing new electronic invoicing requirements and a centralized repository
• Plans to introduce standardized format for electronic invoices
• Invoices will be transmitted to a new platform for validation
• Solution will be used for various types of transactions
• Process involves supplier generating e-invoice, validation, unique identifier number, notification to supplier and recipient
• Summary of e-invoice transaction will be available on MBS portal
• E-invoices must be structured in JSON or XML format
• Taxpayers can submit invoices through compatible invoicing solutions

Source: answerconnect.cch.com

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.

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