Nigeria’s New E-Invoicing Platform Launch
- E-Invoicing System Launch: Nigeria’s Federal Inland Revenue Service (FIRS) launched the Merchant Buyer Solution (eInvoice) on August 1, 2025, requiring all large taxpayers, defined as those with an annual turnover of at least NGN 5 billion, to onboard the platform by November 1, 2025.
- Successful Integration and Support: Within two weeks of the launch, 1,000 companies began integrating with the e-invoicing system, with MTN Nigeria being the first to transmit live electronic invoices. The FIRS is collaborating with service providers to facilitate the onboarding process and has extended the deadline by three months to encourage compliance.
- Goals and Future Rollout: The e-invoicing initiative aims to enhance tax compliance, reduce evasion, and modernize tax administration, aligning with global best practices. The system will be rolled out in phases, starting with large taxpayers and eventually extending to medium and emerging businesses, supporting the goals of the Nigeria Revenue Services Reform Act.
Source Orbitax
- See also
- Join the Linkedin Group on Global E-Invoicing/E-Reporting/SAF-T Developments, click HERE
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