Newscoven
  • Home
  • News
    • All
    • Analysis
    • Feature
    • Interviews
    • Politics
    • Science
    • World
    Parties Are Built, Not Bought

    Parties Are Built, Not Bought

    Yilwatda, Uzodinma Call For Unity Among APC Diaspora Members

    Yilwatda, Uzodinma Call For Unity Among APC Diaspora Members

    Get Your PVCs Before July 10 Deadline, Olatunji, Oyo ADP Governorship Candidate, Urges Residents

    Get Your PVCs Before July 10 Deadline, Olatunji, Oyo ADP Governorship Candidate, Urges Residents

    2027: APM Unveils Open Salawu As Deputy Governorship Candidate

    2027: APM Unveils Open Salawu As Deputy Governorship Candidate

    Tinubu Urges Stronger Northern Traditional Rulers Collaboration On Security, Development

    Tinubu Urges Stronger Northern Traditional Rulers Collaboration On Security, Development

    Remembering Gentleman Femi Esho, Two Years On

    Remembering Gentleman Femi Esho, Two Years On

    Oyo Govt, EU To Collaborate On Agriculture, Education

    Oyo Govt, EU To Collaborate On Agriculture, Education

  • Entertainment
    Historic Send-Forth For Professor YK Ajao As Iseyin Honours Its Musical Pride

    Historic Send-Forth For Professor YK Ajao As Iseyin Honours Its Musical Pride

    Olukoya Builds Heritage Event Hall In Memory Of Music Aficionado, Femi Esho

    Olukoya Builds Heritage Event Hall In Memory Of Music Aficionado, Femi Esho

    Sanusi, Atlético Berja Board, Berja Mayor, Seal Strategic Partnership

    Sanusi, Atlético Berja Board, Berja Mayor, Seal Strategic Partnership

    From Church Keys Too Global Stage, Pheelz Takes Over The Spotlight On CNN African Voices

    From Church Keys To Global Stage, Pheelz Takes Over The Spotlight On CNN African Voices

    Fela Lives: Tinubu On Grammy Lifetime Achievement Award

    Fela Lives: Tinubu On Grammy Lifetime Achievement Award

    Ilaji Assumes Ownership Of Interlink •Takes Over Atlético Berja

    Ilaji Assumes Ownership Of Interlink •Takes Over Atlético Berja

    Oyo Govt Gives Illegal Occupants Of Obafemi Awolowo Stadium 14-Day Quit Notice

    Oyo Govt Gives Illegal Occupants Of Obafemi Awolowo Stadium 14-Day Quit Notice

  • About Us
  • Contact Us
  • More
    • Advertisement
    • Disclaimer
    • Privacy Policy
    • Terms of Use
Saturday, June 20, 2026
No Result
View All Result
  • Home
  • News
    • All
    • Analysis
    • Feature
    • Interviews
    • Politics
    • Science
    • World
    Parties Are Built, Not Bought

    Parties Are Built, Not Bought

    Yilwatda, Uzodinma Call For Unity Among APC Diaspora Members

    Yilwatda, Uzodinma Call For Unity Among APC Diaspora Members

    Get Your PVCs Before July 10 Deadline, Olatunji, Oyo ADP Governorship Candidate, Urges Residents

    Get Your PVCs Before July 10 Deadline, Olatunji, Oyo ADP Governorship Candidate, Urges Residents

    2027: APM Unveils Open Salawu As Deputy Governorship Candidate

    2027: APM Unveils Open Salawu As Deputy Governorship Candidate

    Tinubu Urges Stronger Northern Traditional Rulers Collaboration On Security, Development

    Tinubu Urges Stronger Northern Traditional Rulers Collaboration On Security, Development

    Remembering Gentleman Femi Esho, Two Years On

    Remembering Gentleman Femi Esho, Two Years On

    Oyo Govt, EU To Collaborate On Agriculture, Education

    Oyo Govt, EU To Collaborate On Agriculture, Education

  • Entertainment
    Historic Send-Forth For Professor YK Ajao As Iseyin Honours Its Musical Pride

    Historic Send-Forth For Professor YK Ajao As Iseyin Honours Its Musical Pride

    Olukoya Builds Heritage Event Hall In Memory Of Music Aficionado, Femi Esho

    Olukoya Builds Heritage Event Hall In Memory Of Music Aficionado, Femi Esho

    Sanusi, Atlético Berja Board, Berja Mayor, Seal Strategic Partnership

    Sanusi, Atlético Berja Board, Berja Mayor, Seal Strategic Partnership

    From Church Keys Too Global Stage, Pheelz Takes Over The Spotlight On CNN African Voices

    From Church Keys To Global Stage, Pheelz Takes Over The Spotlight On CNN African Voices

    Fela Lives: Tinubu On Grammy Lifetime Achievement Award

    Fela Lives: Tinubu On Grammy Lifetime Achievement Award

    Ilaji Assumes Ownership Of Interlink •Takes Over Atlético Berja

    Ilaji Assumes Ownership Of Interlink •Takes Over Atlético Berja

    Oyo Govt Gives Illegal Occupants Of Obafemi Awolowo Stadium 14-Day Quit Notice

    Oyo Govt Gives Illegal Occupants Of Obafemi Awolowo Stadium 14-Day Quit Notice

  • About Us
  • Contact Us
  • More
    • Advertisement
    • Disclaimer
    • Privacy Policy
    • Terms of Use
No Result
View All Result
Newscoven
No Result
View All Result
Home Business

FIRS Begins e-Invoicing, Electronic Fiscal System For Large Taxpayers

by Newscoven
August 10, 2025
in Business
Reading Time: 2 mins read
4 0
A A
0
FIRS Begins e-Invoicing, Electronic Fiscal System For Large Taxpayers
6
SHARES
81
VIEWS
Share on WhatsappShare on FacebookShare on Twitter

The Federal Inland Revenue Service (FIRS) has commenced an electronic invoicing solution (e-invoicing) aimed at revolutionising tax payment in the country.

The new innovation, which is a major transformation of digital tax administration, would be put largely at the disposal of large taxpayers.

The e-invoicing system, also known as the Merchant-Buyer Model, is aimed at making tax compliance easier, faster and more transparent for all categories of taxpayers.

Dare Adekanmbi, Special Adviser (Media) to the FIRS chairman, Zacch Adedeji, stated in a statement that the e-invoicing solution went live on August 1.

RelatedPosts

NNPC, TotalEnergies Renew Agreement On Methane Emission Reduction

Shell Appoints First Nigerian, Elohor Aiboni, Executive Vice President, Country Chair Nigeria

NNPC, Security Agencies Deepen Collaboration Against Energy Infrastructure Vandalism

He added that this followed a successful pilot phase which began in November 2024.

As contained in the statement, large taxpayers, which are companies with annual turnover of ₦5 billion and more, are expected to be the first to be onboarded on the platform.

In less than two weeks of the initiative going live, no fewer than 1, 000 companies, representing 20 per cent of over 5, 000 eligible firms, have so far embraced the solution and commenced integration with FIRS MBS platform.

The remaining large taxpayers are expected to come onboard on or before November 1, which is the deadline for all the firms in the category to finalise their onboarding and integration processes.

“MTN Nigeria became the first taxpayer to transmit live electronic invoices to the FIRS, officially ushering in the e-invoicing regime.

“Huawei Nigeria and IHS Nigeria have also concluded test transmissions and are set to go live in the coming days.

“In collaboration with the National Information Technology Development Agency (NITDA), service providers have been incorporated into the ecosystem to act as both System Integrators and Access Point Providers.

“These service providers will facilitate the onboarding, integration, and invoice transmission processes for taxpayers,” it was stated.

It was added that FIRS commended all large taxpayers, tax consultants, and service providers for their cooperation and commitment to the success of the e-invoicing project.

“We also acknowledge the genuine efforts of many taxpayers who strove to meet the 1st of August 2025 deadline but encountered operational constraints.

“In the spirit of encouraging voluntary compliance, the FIRS management has graciously approved a three-month extension of the deadline, with the new deadline now set for 1 November 2025.

“The FIRS e-Invoicing Implementation Team will continue to provide support through stakeholder engagements, including webinars, workshops, and town hall meetings, to ensure a seamless transition for all large taxpayers,” it was further stated.

The national e-invoicing solution is an electronic fiscal system (EFS) developed by FIRS to provide real-time visibility into commercial transactions and ensure the authenticity, accuracy, and completeness of invoices.

It is being rolled out in phases, beginning with large taxpayers and with those in the medium and emerging groups to follow.

The system aligns with global best practices and supports the Federal Government’s broader objectives of enhancing revenue assurance, reducing tax evasion, and modernising tax administration.

It is also a critical tool in the implementation of the Nigeria Revenue Services Reform Act, which seeks to harmonise revenue reporting and establish a single source of truth for government revenues.

Tags: #e-invoicing#ElectronicFiscalSystem#LargeTaxpayersFIRS
SendShare2Tweet2

Related Posts

NNPC, TotalEnergies Renew Agreement On Methane Emission Reduction

NNPC, TotalEnergies Renew Agreement On Methane Emission Reduction

by Newscoven
June 18, 2026
0
14

NNPC Limited, on Wednesday, renewed its agreement with TotalEnergies to accelerate methane emission reduction through advanced technology. This is to...

Shell Appoints First Nigerian, Elohor Aiboni, Executive Vice President, Country Chair Nigeria

Shell Appoints First Nigerian, Elohor Aiboni, Executive Vice President, Country Chair Nigeria

by Newscoven
June 18, 2026
0
41

Elohor Aiboni has been appointed as the Shell Executive Vice President and Country Chair Nigeria, taking over from Marno de...

NNPC, Security Agencies Deepen Collaboration Against Energy Infrastructure Vandalism

NNPC, Security Agencies Deepen Collaboration Against Energy Infrastructure Vandalism

by Newscoven
June 11, 2026
0
23

Nigerian National Petroleum Company Limited (NNPC Ltd.) has joined forces with some security agencies to fight against energy infrastructure vandalism....

ICT | Science | Technology

Globacom Unlocks “More Data More Value” Offer For Customers

Globacom Unlocks “More Data More Value” Offer For Customers

June 6, 2026
32
Smart Journalism And AI: Redefining News Creation And Distribution

Smart Journalism And AI: Redefining News Creation And Distribution

June 5, 2026
23
She-Powers Energy Initiatives: NASENI Trains 50 Women In Renewable Energy Technologies

She-Powers Energy Initiatives: NASENI Trains 50 Women In Renewable Energy Technologies

June 4, 2026
17
NASENI Empowers 2000 Kano Households With Clean Energy Solutions

NASENI Empowers 2000 Kano Households With Clean Energy Solutions

April 28, 2026
11
Compensate Subscribers For Poor Network Service, NCC Tells MNOs

Compensate Subscribers For Poor Network Service, NCC Tells MNOs

March 30, 2026
19
Prev Next

Health

World Earth Day: Adeleke Approves Climate Agenda For Osun

World Earth Day: Adeleke Approves Change Agenda

April 22, 2023
170

Evans Baroque Reaffirms Commitment To Excellence

July 6, 2024
56

Zoonotic Diseases: FG, Oyo Govt Inaugurate NADIS-Mobile App

July 5, 2023
87

When Akeem Olatunji Sponsored 11 For Cataract Operation

November 18, 2024
51

Joy As NNPC Foundation Saved 3 Minors, 700 Others From Blindness In Ogun

January 22, 2025
221

We Have Lassa Fever In Oyo State -Govt

April 15, 2026
22
Prev Next
Newscoven

NewsCoven.com is an independent and unbiased online news medium determined to take a holistic approach to reportage of events, covering all spheres of human activities, with refreshed zeal and vigour.

Contact: +234-805-732-0978

Categories

  • Achievers | Appointments
  • Agriculture
  • Analysis
  • Arts | Book Review
  • Banking & Finance
  • Business
  • Church
  • Crime | Court | Judiciary | Security
  • Culture | Religion
  • Editorial | Discourse | Opinion
  • Education
  • Energy | Oil & Gas
  • Entertainment | Sports
  • Environment | Community | Eye Report | Metro
  • Feature
  • Health
  • Health Law & Human Dignity
  • Hotels | Travels | Tourism
  • ICT | Science | Technology
  • In The Eyes of the News
  • Interviews
  • Islam
  • Kaleidoscope With Anike
  • News
  • Peoples | Events
  • Politics
  • Reflections With Dapo Falade
  • Science
  • Uncategorized
  • VOXPOPULI
  • Woman's Essence by Motunrayo Busari
  • World

Recent News

GSM, Oriyomi Hamzat And The Shape Of Things To Come

GSM, Oriyomi Hamzat And The Shape Of Things To Come

June 20, 2026
From Hope ’93 To Renewed Hope: Abiola And Tinubu In Historical Conversation

From Hope ’93 To Renewed Hope: Abiola And Tinubu In Historical Conversation

June 20, 2026
Parties Are Built, Not Bought

Parties Are Built, Not Bought

June 19, 2026

© 2024 NewsCoven - Beyond the Surface by DF Global Resources Enterprises.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • About Us
  • Advertisement
  • Breaking News | Latest Nigerian News Today
  • Checkout
  • Contact Us
  • Disclaimer
  • Home
  • Login/Register
  • My account
  • Privacy Policy
  • Terms of Use

© 2024 NewsCoven - Beyond the Surface by DF Global Resources Enterprises.