Mandatory E-Invoicing Deadline for Large Taxpayers Announced
- Mandatory Implementation for Large Taxpayers: The Federal Inland Revenue Service (FIRS) announced that its National E-Invoicing Solution will be mandatory for large taxpayers with annual turnover of N5 billion (~€2.9 million) starting August 1, 2025, following a successful pilot phase.
- Registration and Integration Requirements: Businesses must register on the e-invoicing platform, integrate their invoicing systems with the FIRS requirements, and begin real-time invoice generation, validation, and transmission by the deadline.
- Transaction Models and Compliance Goals: The system distinguishes between B2B/B2G transactions, requiring FIRS clearance and unique identifiers, and B2C transactions, which must be reported to FIRS within 24 hours, supporting Nigeria’s goals of enhancing transparency, reducing fraud, and improving tax compliance.
Source Sovos
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Nigeria to Implement E-Invoicing for Large Taxpayers Starting August 2025
- Nigeria’s Federal Inland Revenue Service will introduce electronic invoicing for large taxpayers starting August 1, 2025
- Applies to taxpayers with annual turnover of at least NGN5bn or USD3.27m
- Businesses must issue electronic invoices through software linked with FIRS’s digital solution for real-time transmission and validation
- Prior registration is required
- Follows a pilot that began in November 2024
Source: answerconnect.cch.com
- See also
- Join the Linkedin Group on Global E-Invoicing/E-Reporting/SAF-T Developments, click HERE
