E-Invoicing – The Merchant Buyer Solution (FIRSMBS eInvoice)

• The Merchant Buyer Solution (FIRSMBS eInvoice) is a government initiative aimed at all VAT-registered businesses, facilitating the issuance of electronic invoices as per the Tax Administration and Enforcement Act 2007, thereby replacing traditional invoicing methods.
• The eInvoice system enhances efficiency and compliance by automating invoicing processes, reducing errors, streamlining tax return filings, and providing real-time tracking and interoperability among various business accounting systems.
• To get started with eInvoicing, businesses must register with the FIRS using a Tax Identification Number (TIN) and can choose between using the FIRSMBS portal or implementing an API for direct data transmission, catering to different business needs and sizes.

Source gov.ng

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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
• • Briefing / Comprehensive Guides (incl. podcasts)

• Join the Linkedin Group on Global E-Invoicing/E-Reporting/SAF-T Developments, click HERE

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