Nigerian Private Sector Worried Over Tax Reform and E-Invoicing Implementation
The Organised Private Sector in Nigeria expresses concerns over tax reform and e-invoicing following President Bola Tinubu signing four finance bills into law aimed at restructuring the tax system. The new laws aim to harmonize revenue collection, reduce tax burdens on citizens and businesses, and enhance tax compliance.
The Nigeria Tax Act, Tax Administration Act, Nigeria Revenue Service Act, and Joint Revenue Board Act are part of the reforms to consolidate fragmented tax laws. The Federal Inland Revenue Service (FIRS) introduced an electronic invoicing solution to revolutionize tax payments, making compliance easier and more transparent.
Ahead of the November 1, 2025 deadline, FIRS announced that 20% of large taxpayers have been onboarded onto the e-invoicing platform, with concerns raised by the Nigeria Employers Consultative Association (NECA).
Plus234Feed summary based on reporting from Daily Trust. Read the original report below.
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