In preparation for the complete rollout of the National E-Invoicing project, set to commence on July 25, 2025, the Federal Inland Revenue Service (FIRS) has started onboarding major taxpayers onto its Merchant Buyer Solution (MBS) platform.
According to the FIRS, E-invoicing is a Merchant Buyer Solution that offers a digital representation of transactions between suppliers and buyers, effectively replacing traditional paper or electronic documents like invoices, credit notes, and debit notes.
Sodiq Arogundade, the agency’s Lead consultant, MBS project stated this during an interview with newsmen after the stakeholders’ engagement with Oil & Gas Services and Midstream Sector held in Lagos, stressing that the MBS was designed with an effective Application Programming Interface in a bid to ensure its user-friendliness.
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