E-invoicing Nigeria
FIRS warns taxpayers: don’t hide transactions under E-Invoicing
The Federal Inland Revenue Service (FIRS) has issued a stern warning to taxpayers against attempting to hide transactions following the launch of Nigeria’s National E-Invoicing Solution (Merchant-Buyer Model). The new digital invoicing platform, designed to streamline and modernize tax administration, now allows for real-time monitoring of transactions between suppliers and buyers. Speaking at a two-day […]
E-Invoicing Set to Improve Credit Access, Says FIRS
The Federal Inland Revenue Service (FIRS) has revealed that the forthcoming National E-Invoicing System could significantly enhance access to credit for Nigerian manufacturers, marking a major step toward fostering a robust credit economy in the country. Speaking during a recent stakeholder engagement held in Lagos, the FIRS emphasised that the adoption of e-invoicing is not […]