• News
  • Business
  • Opportunities
  • Articles & Resources
  • Spotlight
  • Views
    • Interviews
    • Opinions
  • MSME Jobs
  • More
    • Africa
    • World
  • webmail
  • Terms of Use
MSME Africa
  • News
  • Business
  • Opportunities
  • Articles & Resources
  • Spotlight
  • Views
    • Interviews
    • Opinions
  • MSME Jobs
  • More
    • Africa
    • World
  • webmail
  • Terms of Use
No Result
View All Result
  • News
  • Business
  • Opportunities
  • Articles & Resources
  • Spotlight
  • Views
    • Interviews
    • Opinions
  • MSME Jobs
  • More
    • Africa
    • World
  • webmail
  • Terms of Use
No Result
View All Result
MSME Africa
No Result
View All Result

FIRS Rolls out E-Invoicing Platform as Over 1,000 Companies Begin Integration

Olusola Blessing by Olusola Blessing
August 11, 2025
in Business, News
0
FIRS Rolls out E-Invoicing Platform as Over 1,000 Companies Begin Integration
Share

Nigeria’s tax administration has entered a new phase of digital reform, with more than 1,000 companies — about 20% of over 5,000 eligible firms — beginning integration with the Federal Inland Revenue Service’s (FIRS) newly launched electronic invoicing platform.

The platform, which went live on August 1, is designed to streamline tax compliance, improve transparency, and curb tax evasion. It represents one of the most significant steps in modernizing the country’s fiscal systems.

According to the FIRS, the e-Invoicing system follows a successful pilot phase that started in November 2024 and is being rolled out in stages, beginning with large taxpayers — firms with annual turnovers of N5 billion and above.

In under two weeks of launch, major corporations have begun embracing the system. MTN Nigeria became the first to transmit live e-invoices, marking the official start of the new regime. Huawei Nigeria and IHS Nigeria have also completed successful test transmissions and are preparing to go live.

To aid smooth onboarding, FIRS is working with the National Information Technology Development Agency (NITDA) to bring service providers into the system as System Integrators and Access Point Providers. These providers will help companies integrate with the platform and handle invoice transmissions.

While many firms attempted to meet the initial August 1 deadline, some faced operational challenges. As a result, the final onboarding deadline has been extended by three months to November 1, 2025. The tax agency says it will maintain stakeholder engagement through webinars, workshops, and town hall meetings to help companies make the transition.

The e-Invoicing solution, developed as part of the Electronic Fiscal System (EFS), offers real-time tracking of commercial transactions and ensures invoices are authentic, accurate, and complete. It aligns with global best practices and supports Nigeria’s broader goals of boosting revenue assurance, tackling tax evasion, and unifying revenue reporting under the Nigeria Revenue Services Reform Act.

Following the integration of large taxpayers, the system will be extended to medium-sized and emerging businesses, widening its coverage and economic impact.

FIRS commended taxpayers, consultants, and service providers for their cooperation, describing the e-Invoicing platform as a transformative milestone in the country’s fiscal history.

Post Views: 7
Share

Related Posts:

  • African economies are projected to recover this year
    African economies are projected to recover this year…
  • MSME Africa Unveils Top 50 Remarkable MSME Founders 2023, Awards them $25,000 in Media Credits
    MSME Africa Unveils Top 50 Remarkable MSME Founders…
  • Best Cities to live as an Entrepreneur in Nigeria
    Ultimate 2025 Guide to the Top Business Enabling…
  • Tax reform bills: Presidency Says No Plan to Scrap NITDA, NASENI, and TETFUND
    Nigeria Loses $492 Billion Annually Due to Global…
  • images (20)
    FIRS Assures Manufacturers of Data Privacy with E-Invoicing
  • images (28)
    Nigeria President Signs Four Tax Reform Bills,…
Tags: FIRSSMEs
Previous Post

TETFund Secures Record N1.6 Trillion for Nigeria’s Tertiary Institutions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

No Result
View All Result
Join MSME on Whatsapp
Subscribe To Our Newsletter
Enter your email to receive a weekly round-up of our best posts. Learn more!
icon
By subscribing, you agree with our privacy policy and our terms of service.

Recent Posts

  • FIRS Rolls out E-Invoicing Platform as Over 1,000 Companies Begin Integration
  • TETFund Secures Record N1.6 Trillion for Nigeria’s Tertiary Institutions
  • FG Debunks Viral Claim of Free “Revolutionary” Diabetes Drug
  • UAE Tightens Airport Customs Rules: Travelers Must Declare Valuables Over $16,300 Online Before Arrival
  • Elektron Finance Launches N200bn Bond Programme

Recent Comments

  • 10 Reasons Why SMEs Should Invest in Video Marketing - MSME Africa on How to Create Viral Videos for Social Media in 2024
  • link alay4d on 5 Nigerian-based Companies Providing Accelerator Programs for Startups in 2024
  • Damilare Oladeji on Nigerian Government Agencies that Support Entrepreneurship in 2024
  • situs alay4d on 50 Best Tools to Boost Your Productivity as an Entrepreneur in 2025
  • Otabor Osayomore Blessing on Ultimate 2025 Guide to the Top Business Enabling Cities for Startup Founders and Entrepreneurs in Nigeria
  • About us
  • Advertise with Us
  • Contact Us
  • Home
  • News
  • Newsletter
  • Submit News
  • Terms of Use

© 2023 MSME Africa - All rights reserved.

No Result
View All Result
  • About us
  • Advertise with Us
  • Contact Us
  • Home
  • News
  • Newsletter
  • Submit News
  • Terms of Use

© 2023 MSME Africa - All rights reserved.