- Pilot Phase for Large Taxpayers: The Federal Inland Revenue Service (FIRS) is launching a pilot phase of its e-invoicing solution, starting with selected large taxpayers to enhance tax compliance and revenue collection.
- Transformative Potential: The e-invoice is a machine-readable digital document designed for automated processing, promoting efficiency, transparency, and accountability in tax administration while aligning with international best practices.
- Local Development and Standards Compliance: The e-invoicing system, developed by D’Accubin Technology, adheres to global data protection standards and utilizes the BIS Billing 3.0 UBL standard to facilitate seamless electronic document exchange across platforms.
Sources:
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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