Federal Inland Revenue Service (FIRS) has announced plans to implement a new e-invoicing platform, ‘FIRS e-Invoice’ to advance Nigeria’s tax administration system.
Gatekeepers News reports that ‘FIRS e-Invoice’ is set to streamline invoice management in alignment with Tax Administration and Enforcement Act of 2007.
Executive Chairman of FIRS, Zacchaeus Adedeji announced this during LCCI-FIRS Organised Private Sector Stakeholders Engagement held in Lagos on Wednesday.
Adedeji emphasised the significance of e-invoicing for modernising and enhancing the efficiency of Nigeria’s tax system.
He said, “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.”
The chairman added that the introduction of e-invoicing will foster a more robust and transparent tax environment, benefiting both businesses and the economy at large.
Adedeji further assured businesses in the country of a friendly tax administration.
He noted that the ongoing restructuring at the agency had led to the creation of a one-stop shop for taxpayers according to their turnover thresholds.
