The Revenue Service (NRS) is pressing ahead with its electronic invoicing system, targeting medium-sized taxpayers from April in a bid to modernise tax collection and boost compliance.
The phased rollout of the invoicing and electronic fiscal system (EFS) – dubbed the merchant buyer solution (MBS) – follows a successful launch for large taxpayers last year.
It aims to enhance transparency and voluntary tax payments, aligning with the NRS’s mandate under the Nigeria Tax Administration Act.
Executive Chairman of the NRS Zacch Adedeji announced in Abuja that large taxpayers, onboarded after an August 2025 go-live (later extended to November), are now largely transmitting invoice data successfully.
Building on this, the next wave covers medium taxpayers (annual turnover N1bn-N5bn) and emerging ones (below N1bn).
Timelines are provisional and may shift based on feedback, Adedeji noted, urging businesses to engage via NRS communications for smooth onboarding.
The move, empowered by sections 23 and 158 of tax laws, and are inline with Nigeria’s push for digital fiscalisation amid efforts to widen the tax net.
