Taxaide Technologies Limited (Taxtech), a Nigerian provider of tax technology and automation solutions, has been licensed by the Federal Inland Revenue Service (FIRS) as one of the accredited service providers under Nigeria’s newly introduced National E-Invoicing Regime.
Under the new system, VAT-registered taxpayers, beginning with large corporations with annual turnovers of N5 billion and above, will be required to process qualifying transactions electronically in real time through the FIRS platform.
The initiative aligns Nigeria’s fiscal infrastructure with international best practices in tax digitisation, a move which marks a significant milestone in the country’s digital tax transformation agenda.
The FIRS rolls out its e-Invoicing platform, also known as the Merchant Buyer Solution (MBS), to enhance tax transparency, curb revenue leakages, and modernise tax administration. Taxtech, with its new accreditation, is recognised as a trusted System Integrator and Access Point Provider (APP), authorised to facilitate onboarding, system integration, and compliance for taxpayers across various industries.
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“We are honoured to be among the select technology companies licensed by the FIRS for this groundbreaking e-Invoicing project. At Taxtech, our mission has always been to simplify and transform tax processes through technology,” said Bidemi Olumide, managing director and CEO of Taxaide Technologies.
“At Taxtech, our mission has always been to simplify and transform tax processes through technology. With our expertise in automation and compliance solutions, we are fully prepared to support taxpayers in aligning with the new regime and ensuring smooth, efficient, and transparent operations,” Olumide noted.
As part of its offerings under the e-Invoicing regime, Taxtech will provide onboarding support to help taxpayers register and integrate with the FIRS platform.
It will also provide systems Integration between clients’ ERP or accounting systems and the FIRS infrastructure, compliance monitoring for real-time validation, cryptographic signing, and secure invoice transmission.
Taxtech will also offer advisory and training services to guide businesses through compliance and operational readiness.
