FIRS Launches E-Invoicing Platform for Big Companies to Boost Transparency, Revenue Collection
In a significant move towards digital transformation in tax administration, the Federal Inland Revenue Service (FIRS) has officially launched an electronic invoicing system (e-invoicing), marking a new era in Nigeria’s tax compliance framework.
Dubbed the Merchant-Buyer Model, the e-invoicing solution aims to streamline tax payments, making them quicker, more transparent, and easier for all taxpayers. A statement from Dare Adekanmbi, Special Adviser on Media to FIRS Chairman Zacch Adedeji, confirmed that the system went live on August 1, after a successful pilot phase that started in November 2024.
Initially targeted at large taxpayers—companies with annual turnovers of N5 billion and above—the platform has already seen enthusiastic adoption. Within just two weeks of launch, over 1,000 companies, representing about 20% of the 5,000 eligible firms, have begun integration with the FIRS MBS platform.
The remaining large taxpayers are expected to join by the November 1 deadline, which marks the conclusion of the onboarding process for this category. Notably, MTN Nigeria was the first to transmit live electronic invoices to FIRS, followed by Huawei Nigeria and IHS Nigeria, which have completed test transmissions and are preparing for full deployment.
FIRS, in collaboration with the National Information Technology Development Agency (NITDA), has partnered with system integrators and access point providers to facilitate onboarding, integration, and invoice transmission processes.
The agency expressed appreciation for the cooperation of taxpayers, tax consultants, and service providers, especially those who faced operational challenges meeting the original August deadline. To support smooth transition, FIRS has extended the deadline to November 1, 2025.
To ensure widespread understanding and compliance, the FIRS team will continue stakeholder engagement through webinars, workshops, and town hall meetings.
The national e-invoicing system is part of Nigeria’s broader efforts to enhance revenue collection, reduce tax evasion, and modernize tax administration. Developed as an electronic fiscal system (EFS), it provides real-time visibility into commercial transactions, ensuring invoice authenticity and accuracy. The phased rollout will eventually include medium and emerging taxpayers, aligning with global best practices and supporting the objectives of the Nigeria Revenue Services Reform Act.