As the New Year's clock strikes midnight on January 1, 2026, the era of paper invoices in Nigeria officially ends for medium and small enterprises. Under the new Tax Administration and Enforcement Act (new tax law), the Federal Inland Revenue Service (FIRS) is no longer just "encouraging" digital transformation—they are mandating it through the Merchant-Buyer Solution (MBS).
The Real Cost of "Waiting and Seeing"
The new tax laws introduce a staggering ₦1,000,000 penalty for the very first day a business fails to allow FIRS to deploy its compliance technology. Following that, a daily fine of ₦10,000 accrues until you are compliant. This isn't just a "tax update"; it's a fundamental shift in how your business survives in Nigeria.
What You Need to Know:
The 72-Hour Rule: Once you issue an e-invoice, your buyer has exactly 72 hours to accept or reject it before it becomes a final, unchangeable tax record.
No More "Back-Dating": Invoices must be reported to the MBS in real-time or near-real-time (within 24 hours for B2C) to receive a mandatory QR Code and Cryptographic Stamp.
Input VAT Claims: If your supplier doesn't have a TIN, the FIRS will likely reject your claims for input VAT, directly hurting your bottom line.
How Ops29 Makes You Compliant
Integrating Odoo with the FIRS MBS is complex. It requires UBL 3.0 XML/JSON formatting and secure RESTful API connections.
Ops29 takes the burden off your shoulders. We specialize in mapping your ERP master data, your SKUs and product codes, to the FIRS harmonized system so every invoice you send is automatically validated and stamped.
Don’t wait for the fine