Nigeria tax system
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 […]
Senate to Weigh in on Tinubu’s Proposals After Resumption
The Nigerian Senate is set to consider President Bola Tinubu’s tax reform bills after its resumption. The proposed legislation aims to reform Nigeria’s tax system, promoting economic growth, and increasing revenue generation. President Tinubu’s tax reform bills are part of his administration’s efforts to diversify Nigeria’s economy and reduce its dependence on oil revenues. The […]