Nigeria Launches E-Invoicing Platform to Combat Tax Evasion and Enhance Compliance

• Launch of E-Invoicing Platform: The Federal Inland Revenue Service (FIRS) in Nigeria has launched the Merchant Buyer Solution (MBS) e-invoicing platform, facilitating compliant e-invoice issuance for taxpayers and marking progress toward a nationwide mandate.
• Pilot Program and Roll-Out Timeline: A pilot for the largest taxpayers will begin in July 2025, with plans to extend the e-invoicing requirement to medium and smaller taxpayers thereafter, aligning with the Tax Administration and Enforcement Act of 2007.
• Invoice Validation and Notification System: The MBS portal allows for direct issuance of e-invoices or integration via API, with invoices validated and assigned a unique identifier before exchange, and both buyers and sellers receive notifications for cleared invoices, including options to reject or cancel them.

Source:

• Pagero
• regfollower.com

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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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