eTranzact Backs NRS Digital Tax Drive with Same-Day Onboarding as E-Invoicing Rollout Expands
The Big Development
eTranzact Plc has reaffirmed its commitment to supporting taxpayers as the Nigeria Revenue Service (NRS) intensifies the phased rollout of its electronic invoicing (e-invoicing) regime.
The fintech firm pledged:
•
Same-day onboarding
• Seamless e-invoice uploads
• Multiple digital access channels
• Round-the-clock support
The commitment was made at the NRS E-invoicing Compliance Workshop and Stakeholder Engagement.
What Is E-Invoicing?
An e-invoice is the digital version of a commercial transaction between a supplier and a buyer. It captures:
• Buyer and supplier identities
• Item descriptions
• Quantities
• Pricing
• Applicable taxes
• Total transaction value
The system is designed to:
• Strengthen tax administration
• Improve transparency
• Reduce manual processes
• Promote voluntary compliance
️ NRS Rollout Plan: Phased & Structured
The NRS is implementing the system in three phases over a three-year period:
Phase 1 – Large Taxpayers
• System went live: August 1, 2025
• Engagement and pilot began: January 2025
• Implementation extended to November 2025
• Currently operational
Phase 2 – Medium Taxpayers
• Annual turnover: ₦1bn – ₦5bn
• Engagement & pilot: 2026
• Full implementation: July 2026
• Enforcement begins: Early 2027
Phase 3 – Emerging Taxpayers
• Annual turnover: Below ₦1bn
• Rollout begins: 2027
• Enforcement projected: 2028
The Service emphasized that enforcement will follow only after engagement, pilot testing, and post-deployment review.
eTranzact’s Role in the Ecosystem
eTranzact highlighted its long-standing collaboration with the NRS, particularly in:
• VAT collection infrastructure
• Secure payment processing
• Digital revenue remittance
According to the company, its platform:
• Is user-friendly regardless of literacy level
• Reduces reliance on manual processes
• Minimizes risks of multiple taxation
• Provides transaction notifications for transparency
The firm also operates through:
• Mobile applications
• Front-end digital platforms
• Integrated upload channels
Why This Matters for Businesses
The e-invoicing system aims to:
• Improve fiscal monitoring
• Reduce tax leakages
• Increase audit transparency
• Ensure accurate documentation
For businesses, this means:
• Stronger compliance tracking
• Reduced disputes over tax payments
• Automated documentation trail
Broader Economic Impact
The move supports:
• Nigeria’s expanding digital economy
• Improved tax-to-GDP ratio
• Greater formalisation of businesses
• Reduced cash-based inefficiencies
It also aligns with broader public finance reforms aimed at improving domestic revenue mobilisation.
InvestingPort Insight
This development signals a structural shift in Nigeria’s tax administration framework.
Key implications:
Increased compliance monitoring
Better revenue transparency
Stronger fintech-government collaboration
Digital transformation of fiscal systems
However, the success of the rollout will depend on:
• Infrastructure readiness
• Taxpayer education
• System reliability
• Enforcement consistency
If effectively implemented, the e-invoicing regime could significantly modernize tax administration and improve revenue collection efficiency nationwide.
The Big Development
eTranzact Plc has reaffirmed its commitment to supporting taxpayers as the Nigeria Revenue Service (NRS) intensifies the phased rollout of its electronic invoicing (e-invoicing) regime.
The fintech firm pledged:
•
Same-day onboarding• Seamless e-invoice uploads
• Multiple digital access channels
• Round-the-clock support
The commitment was made at the NRS E-invoicing Compliance Workshop and Stakeholder Engagement.
What Is E-Invoicing?
An e-invoice is the digital version of a commercial transaction between a supplier and a buyer. It captures:
• Buyer and supplier identities
• Item descriptions
• Quantities
• Pricing
• Applicable taxes
• Total transaction value
The system is designed to:
• Strengthen tax administration
• Improve transparency
• Reduce manual processes
• Promote voluntary compliance
️ NRS Rollout Plan: Phased & Structured
The NRS is implementing the system in three phases over a three-year period:
Phase 1 – Large Taxpayers
• System went live: August 1, 2025
• Engagement and pilot began: January 2025
• Implementation extended to November 2025
• Currently operational
Phase 2 – Medium Taxpayers
• Annual turnover: ₦1bn – ₦5bn
• Engagement & pilot: 2026
• Full implementation: July 2026
• Enforcement begins: Early 2027
Phase 3 – Emerging Taxpayers
• Annual turnover: Below ₦1bn
• Rollout begins: 2027
• Enforcement projected: 2028
The Service emphasized that enforcement will follow only after engagement, pilot testing, and post-deployment review.
eTranzact’s Role in the Ecosystem
eTranzact highlighted its long-standing collaboration with the NRS, particularly in:
• VAT collection infrastructure
• Secure payment processing
• Digital revenue remittance
According to the company, its platform:
• Is user-friendly regardless of literacy level
• Reduces reliance on manual processes
• Minimizes risks of multiple taxation
• Provides transaction notifications for transparency
The firm also operates through:
• Mobile applications
• Front-end digital platforms
• Integrated upload channels
Why This Matters for Businesses
The e-invoicing system aims to:
• Improve fiscal monitoring
• Reduce tax leakages
• Increase audit transparency
• Ensure accurate documentation
For businesses, this means:
• Stronger compliance tracking
• Reduced disputes over tax payments
• Automated documentation trail
Broader Economic Impact
The move supports:
• Nigeria’s expanding digital economy
• Improved tax-to-GDP ratio
• Greater formalisation of businesses
• Reduced cash-based inefficiencies
It also aligns with broader public finance reforms aimed at improving domestic revenue mobilisation.
InvestingPort Insight
This development signals a structural shift in Nigeria’s tax administration framework.
Key implications:
Increased compliance monitoring Better revenue transparency Stronger fintech-government collaboration Digital transformation of fiscal systemsHowever, the success of the rollout will depend on:
• Infrastructure readiness
• Taxpayer education
• System reliability
• Enforcement consistency
If effectively implemented, the e-invoicing regime could significantly modernize tax administration and improve revenue collection efficiency nationwide.