FIRS To Introduce e-invoice platform

The Federal Inland Revenue Service has announced plans to implement an e-invoicing platform to advance Nigeria’s tax administration system.

New Digital Platform

The new digital platform, named FIRS e-Invoice, is set to streamline invoice management in alignment with the Tax Administration and Enforcement Act of 2007.

The Executive Chairman of FIRS, Zacchaeus Adedji, made the announcement during the LCCI-FIRS Organised Private Sector Stakeholders Engagement held in Lagos on Wednesday.

Adedeji emphasised the importance of e-invoicing for modernising and enhancing the efficiency of Nigeria’s tax system, stating “Our collective efforts will pave the way for a more prosperous and resilient Nigeria. As we advance, we encourage support for these initiatives through constructive feedback and collaboration.”

PUNCH reported that the Federal Inland Revenue Service has assured businesses in the country of a friendly tax administration.

Adedeji explained that the ongoing restructuring at the agency had led to the creation of a one-stop shop for taxpayers according to their turnover thresholds.