The Nigerian Federal Inland Revenue Service (FIRS) has announced its plans to introduce mandatory e-invoicing through a new digital system called FIRS e-invoice.
The initiative will facilitate real-time transaction validation and storage and cover B2B, B2C and B2G transactions. The announcement was made at a private stakeholder meeting themed “Emerging Tax Matters”.
Nigeria already has mandatory e-invoicing for imports and exports, requiring the parties to import and export transactions to submit e-invoices to the Central Bank of Nigeria’s (CBN) dedicated portal for validation.
Implementation dates and further details have yet to be published.
For future updates on Nigeria’s e-invoicing mandate and other countries, visit our Regulatory Analysis page.
