Echotitbits – Nigeria News

Tag: e-invoicing

  • Revenue Service Pushes E-Invoicing as New System Integrators Get Accreditation

    Revenue Service Pushes E-Invoicing as New System Integrators Get Accreditation

    A report from The Punch indicates the National Revenue Service (NRS) has accredited new system integration partners to support automated e-invoicing, a move aimed at improving compliance and reducing leakages.

    The initiative is designed to let businesses connect accounting systems to national tax infrastructure, enabling real-time transaction data and more accurate VAT assessments.

    SMEs are being encouraged to adopt compliant solutions early to avoid penalties once enforcement tightens.

    **Echotitbits take:** E-invoicing can cut fraud and boost transparency, but adoption will be toughest for small businesses. Watch for a grace period, incentives, and clear onboarding support so compliance doesn’t become another cost shock.
    Source : The Punch — https://punchng.com/nrs-boosts-e-invoicing-compliance-with-pillarcraft-accreditation/ 2026-01-08

    Photo Credit: The Punch

  • FIRS Taps PwC to Help Businesses Plug Into Mandatory E-Invoicing Regime

    FIRS Taps PwC to Help Businesses Plug Into Mandatory E-Invoicing Regime

    Photo Credit: The Punch
    2025-12-26 06:30:00

    Figures cited by *PUNCH* show Nigeria’s tax authority is accelerating its push into transaction-level digital reporting, with PwC Nigeria accredited to support integration into the Monitoring, Billing and Settlement (MBS) platform that underpins mandatory e-invoicing.

    The move signals a shift from retrospective filings toward near real-time validation, placing new compliance and systems demands on corporates, SMEs, and high-volume retail sectors that issue invoices at scale.

    For businesses, the operational implication is clear: e-invoicing becomes a systems-and-controls project—touching ERPs, point-of-sale, audit trails, and data governance—rather than a “tax department only” problem.

    The policy aim is broader transparency and reduced leakage, but the transition could be bumpy for firms with weak digitisation or inconsistent record-keeping.

    *THISDAY* quoted PwC’s Chijioke Uwaegbute saying, “e-Invoicing embeds tax compliance directly into everyday business activity,” while *BusinessDay* noted the regime “requires invoices to be authenticated at source,” reinforcing that integration is becoming a regulatory necessity, not a technical extra.

    Echotitbits take: Nigeria is moving toward the global direction of continuous transaction controls. The big watch item is execution—clarity of timelines, sandbox testing, cost burden on SMEs, and whether enforcement is paired with support to avoid a compliance shock.

    Source: The Punch — Dec 26, 2025 (https://punchng.com/firs-accredits-pwc-as-system-integrator-for-e-invoicing/)

    Photo credit/source: The Punch
    The Punch 2025-12-26