February 20, 2025 -
The Federal Inland Revenue Service (FIRS) has said that it will soon commence the pilot phase of the proposed electronic invoicing, e-invoicing and electronic valuation, e-valuation solutions.
Meanwhile, the government agency has commenced stakeholder engagement for the proposed e-Invoicing and e-Valuation solution, a key initiative designed to revolutionize digital taxation in Nigeria.
According to the FIRS, these innovations aim to enhance tax administration, improve compliance, and ensure transparency by leveraging technology to accurately monitor and evaluate taxable goods and services.
Speaking at the stakeholders’ engagement meeting in Lagos yesterday, Amina Ado, Coordinating Director of the Large Tax Group, highlighted the transformative potential of the National E-Invoicing Solution.
Represented by Dr. Olabode Olatunji, Director of Large Tax, Telecoms, and Financials, she described the initiative as a strategic step toward fostering efficiency, transparency, and accountability in tax administration.
“Our engagement today serves as an important platform for dialogue, collaboration, and shared insights as we navigate the pilot rollout of this solution,” she said.
“The e-invoicing system is not just a technological innovation but a strategic enabler that aligns with international best practices, ensuring seamless tax compliance, reducing revenue leakages, and enhancing the ease of doing business in Nigeria.”
The pilot phase will commence with selected large taxpayers, with insights gained used to guide broader implementation across various sectors.
Ado added, “Through detailed presentations, discussions, and expert insights, we will explore how this solution integrates into your business operations and the tax ecosystem at large.”
Acknowledging potential challenges in transitioning to a new system, she emphasized FIRS’s readiness to support stakeholders:
“FIRS remains committed to providing the necessary support and guidance to ensure a seamless adoption process for all stakeholders.”
Speaking to the media, Tayo Koleoso, Chief of Staff to the Executive Chairman of FIRS, noted the agency’s focus on engaging taxpayers.
“As we start this new innovation of deploying an electronic invoice, also called a merchant buyers’ service solution, the idea is to meet with large taxpayers and understand their requirements as we continue our journey into what we call Tax Administration Solution 3.0,” he explained.
0 Comments