FIRS e-invoicing
FG Unveils E-Fiscal Platform to Combat Tax Evasion
The Federal Government has officially launched a nationwide Electronic Fiscal System (EFS), a landmark reform designed to modernise Nigeria’s tax administration, combat evasion, and ensure greater transparency in revenue collection. The initiative, spearheaded by the Federal Inland Revenue Service (FIRS), introduces an electronic invoicing solution, the Merchant-Buyer Model (MBS), which went live on August 1, […]
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 […]