The Federal Inland Revenue Service (FIRS) is set to launch its electronic invoicing system, known as the Merchant Buyer Solution (MBS), on July 25, 2025. This initiative aims to modernize Nigeria’s tax administration by replacing traditional paper-based invoicing with a digital framework that facilitates real-time validation and storage of transactions. The system will cover Business-to-Business (B2B), Business-to-Consumer (B2C), and Business-to-Government (B2G) transactions.
The phased rollout will begin with large taxpayers, who conduct millions of transactions daily or weekly, and will gradually extend to medium and small businesses. This approach allows for efficient management of feedback before scaling the use cases to other taxpayer categories.
The MBS platform is designed to standardize invoice creation and exchange across sectors public and private under the broader umbrella of the Digital Public Infrastructure (DPI) framework. It enables seamless, interoperable data sharing, allowing for cross-border invoice interchange and integration with existing Enterprise Resource Planning (ERP) systems.
To prepare for the transition, the FIRS has engaged stakeholders from various industries, including oil and gas, banking, manufacturing, and services, to share feedback on the initiative. Interested parties can submit their opinions via a survey on the FIRS website.
The introduction of the MBS is expected to boost Nigeria’s tax-to-GDP ratio by improving tax compliance, enhancing transparency, and curbing revenue losses. The platform will unify transaction data, providing insights into supply chains, purchasing trends, and financial data to support data-driven fiscal and economic policies.
For more information and to participate in the survey, visit the FIRS website: https://www.firs.gov.ng.
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