FIRS Introduces E-Invoice, Simplifies Tax Regimes for Informal Businesses
In a bid to enhance tax administration and compliance, the Federal Inland Revenue Service (FIRS) is set to introduce an electronic invoicing system. This innovative solution aims to facilitate real-time transaction validation and storage for business-to-business, business-to-consumer, and business-to-government transactions. According to FIRS Executive Chairman, Dr. Zacchaeus Adedeji, this initiative aims to create a more...