FEDERAL GOVERNMENT ROLLS OUT E-TAX SYSTEM TO FIGHT TAX EVASION

The Federal Government has officially launched a national Electronic Fiscal System (EFS) aimed at curbing tax evasion, enhancing transparency, and modernising Nigeria’s tax administration.

The Federal Inland Revenue Service (FIRS) confirmed that the platform powered by the Merchant-Buyer Model (MBM) electronic invoicing solution went live on August 1st, 2025, following a pilot phase that began in November 2024.

The rollout targets large companies with annual turnovers of 5 billion naira and above, offering real-time tracking of commercial transactions and verifying the authenticity and accuracy of invoices.

According to FIRS spokesperson Dare Adekanmbi, over 1,000 companies, 20 percent of the more than 5,000 eligible firms have already begun integrating with the system. While the original deadline was August 1st, the FIRS has extended it to November 1st, 2025, to allow more companies to complete onboarding.