Nigeria

Nigeria Launches Real-Time E-Invoicing Systemvia MBS Platform Starting July 2025, Nigeria’s Federal Inland Revenue Service (FIRS) will begin rolling out a real-time e-invoicing mandate through the Merchant Buyer Solution (MBS) platform. The pilot phase targets large taxpayers with annual turnover above ₦5 billion and will expand to smaller businesses in phases. The system applies real-time validation, cryptographic […]

Nigeria E-invoice Update : FIRS Launches Peppol E-Invoicing Pilot  Pilot Program Launched Nigeria’s Federal Inland Revenue Service (FIRS) has launched a pilot program for mandatory e-invoicing and real-time reporting with large taxpayers. The initiative aims to enhance tax administration and compliance.  Peppol-Based E-Invoicing System The pilot uses the BIS (Billing Information Standard) Billing 3.0 UBL (Universal Business Language) standard to facilitate seamless e-invoice exchange for B2B, B2C, and B2G transactions. It will integrate with over 500,000 businesses.  New “FIRS e-Invoice” Platform FIRS has introduced the “FIRS e-Invoice” platform to manage invoices in line with the Tax Administration and Enforcement Act (TAEA), ensuring transparency and compliance.  Fiscal Policy Goals FIRS aims to increase tax revenue by 57%, targeting N19.4 trillion in 2024. Digital reporting may become mandatory in the future, with the specific timeline to be clarified later, potentially starting as early as 2025.