By Babajide Komolafe
Nigeria has secured a major milestone in its digital trade transformation with the global registration of its Tax Identification Number (Tax-ID) and the approval of the Federal Inland Revenue Service (FIRS) as the country’s Peppol Authority.
The achievement, made possible with the support of the Standards Organisation of Nigeria (SON), registers Nigeria’s Tax-ID under the ISO/IEC 6523 International Coding System, giving Nigerian individuals and businesses international recognition in cross-border transactions.
Peppol, an internationally accepted framework for the secure and standardised exchange of electronic documents, is already in use across Europe, Asia, and Australia. With FIRS as Nigeria’s Peppol Authority, Nigerian businesses can now integrate seamlessly into this network, allowing faster payments, reduced administrative costs, and improved global competitiveness.
According to FIRS, the move simplifies compliance for taxpayers and boosts confidence in Nigeria as an investment hub. “This milestone simplifies compliance for taxpayers, enables smoother cross-border transactions, and strengthens confidence in Nigeria as a global trade and investment hub,” the agency said in a statement.
Under the new framework, Tax-IDs generated using the National Identification Number (NIN) for individuals and Corporate Affairs Commission (CAC) numbers for businesses will now be internationally referenceable.
The initiative also reduces duplication, administrative errors, and compliance burdens by unifying Tax-IDs across federal and state levels.
In a further push, FIRS has launched the Merchant Buyer Solution (MBS) e-invoicing platform, which large taxpayers must integrate with by 1 November 2025, while medium and small businesses will follow in phases. Companies are urged to validate their Tax-IDs, update accounting systems, and onboard promptly.
“The launch of MBS is a significant step in simplifying tax administration, closing compliance gaps, and positioning Nigeria to meet global standards in taxation and cross-border trade,” FIRS added.
The post Nigeria gains global recognition for Tax-ID appeared first on Vanguard News.
