Nigeria: FIRS launches Electronic Invoicing (MBS) for large taxpayers

The Federal Inland Revenue Service (FIRS), the central tax authority of Nigeria, which plays a crucial role in revenue mobilization, modernization of tax administration, and support for national economic policies, has deployed a national electronic invoicing system called Merchant-Buyer Solution (MBS). This launch, following a pilot phase started in November 2024, marks a major step…...