Business
‘PwC Nigeria named system integrator for govt’s mandatory e-invoicing’
Published
1 month agoon
By
MAIN
PwC Nigeria has been accredited as a system integrator for Nigeria’s mandatory e-invoicing system under the Monitoring, Billing and Settlement (MBS) platform.
The accreditation formed part of broader efforts to transform digital tax administration, increase transparency and improve the integrity of transaction-level tax reporting in Nigeria.
Partner and Tax & Regulatory Services Leader, PwC Nigeria, Chijioke Uwaegbute, said the e-invoicing mandate reflected global trends toward greater transparency and real-time oversight in tax reporting.
According to him, PwC would support businesses through the shift by helping them manage complexity, protect value and build trust across the tax ecosystem.
He explained that e-invoicing embeds tax compliance directly into everyday business activity, noting that as transaction data moves into real-time digital systems, organisations must be able to rely on that data for tax reporting, audit and regulatory review.
“This accreditation reinforces PwC’s role in helping organisations build trust, comply and report with confidence. We combine deep tax and regulatory expertise with technology to ensure e-Invoicing processes are accurate, empowering businesses to comply.
“Where e-Invoicing is treated simply as a technology exercise, organisations risk embedding data inconsistencies and control gaps into their operations. Managing these risks requires tax expertise to be built into how invoicing systems are designed, configured and governed from the outset,” Uwaegbute said.
Under the MBS framework, organisations are required to transmit invoice data to the National Revenue Service (NRS) platform in real time. This embeds tax reporting directly into business operations, with invoice data and control processes applied at the point transactions occur.
The MBS platform replaces traditional paper-based invoicing with a digital validation framework designed to reduce manual errors, improve oversight and enable real-time regulatory review. Accredited system integrators are responsible for enabling secure and reliable connectivity between taxpayers’ systems and the FIRS platform.
Partner and Tax Technology Leader, PwC Nigeria, Tim Siloma said that with the accreditation, PwC Nigeria would work alongside organisations to review invoicing and reporting processes, implement required system integrations and support ongoing compliance as e-Invoicing requirements continue to evolve.
“Technology can automate invoicing. However, interpreting tax requirements and managing risk require tax expertise. e-invoicing works best when tax rules, data controls and enterprise systems are designed together.
“Our tax technology capability brings tax advisory expertise into technology execution, enabling organisations to manage complexity, maintain control and rely on e-Invoicing as compliance becomes embedded into their operations,” Siloma said
Source link









