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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...

The Federal Inland Revenue Service (FIRS) has implemented a new Self-Registration Module on its Tax Administration Solution platform, TaxPro-Max. You may read our earlier publication on the migration from e-TP Plat to TaxPro Max Platform here. This new development aims to streamline the registration process for taxpayers, offering convenience and efficiency. Key Updates: Simplified Registration:...