Nigeria Gains Global Recognition For Tax-ID, Electronic Invoice

Nigeria has secured a large milestone successful its integer commercialized translation with the planetary registration of its Tax Identification Number (Tax-ID) and the support of the Federal Inland Revenue Service (FIRS) arsenic the nation’s Peppol Authority.

The achievement, made imaginable with the enactment of the Standards Organisation of Nigeria (SON), registers Nigeria’s Tax-ID nether the ISO/IEC 6523 International Coding System, giving Nigerian individuals and businesses planetary designation successful cross-border transactions.

Peppol, an internationally accepted model for the unafraid and standardised speech of physics documents, is already successful usage crossed Europe, Asia, and Australia. With FIRS arsenic Nigeria’s Peppol Authority, Nigerian businesses tin present integrate seamlessly into this network, allowing faster payments, reduced administrative costs, and improved planetary competitiveness.

According to FIRS, the determination simplifies compliance for taxpayers and boosts assurance successful Nigeria arsenic an concern hub. “This milestone simplifies compliance for taxpayers, enables smoother cross-border transactions, and strengthens assurance successful Nigeria arsenic a planetary commercialized and concern hub,” the bureau said successful a statement.

Under the caller framework, Tax-IDs generated utilizing the National Identification Number (NIN) for individuals and Corporate Affairs Commission (CAC) numbers for businesses volition present beryllium internationally referenceable. The inaugural besides reduces duplication, administrative errors, and compliance burdens by unifying Tax-IDs crossed national and authorities levels.

In a further push, FIRS has launched the Merchant Buyer Solution (MBS) e-invoicing platform, which ample taxpayers indispensable integrate with by 1 November 2025, portion mean and tiny businesses volition travel successful phases. Companies are urged to validate their Tax-IDs, update accounting systems, and onboard promptly.

“The motorboat of MBS is simply a important measurement successful simplifying taxation administration, closing compliance gaps, and positioning Nigeria to conscionable planetary standards successful taxation and cross-border trade,” FIRS added.