As part of efforts to tackle perennial issues of tax evasion and revenue leakages that have long plagued Nigeria’s tax administration, the Federal Inland Revenue Service (FIRS) has concluded a 2-day stakeholder engagement on its National E-Invoicing Project.
The event, held in Lagos, brought together industry leaders and stakeholders from the manufacturing sector to discuss the initiative and provide input on its implementation.
The latest engagement marked the fifth sector-specific engagement session, following previous sessions with tax consultants, large taxpayers, financial services, and the oil and gas sector.
FIRS has been engaging various stakeholders to ensure that the e-invoicing project is tailored to meet the needs of different industries and sectors.
Project Manager for the e-invoicing initiative, Mr. Mohammed Bawa, emphasised the importance of the manufacturing sector to the economy and the FIRS’ commitment to valuing their input.
“We know that the manufacturing sector is the heartbeat of commerce, trade, and all commercial activities that happen within Nigeria,” he said. “Without you, where would we be? We would not cook, we would not eat, we would not do all of those things. But thank God for the value that you provide to the economy of our nation.”
He added, “We are excited to work with you to ensure that this project is a success and benefits both taxpayers and the government.”
(FROM: THISDAY)
