Nigeria Gains Global Recognition for Tax-ID
Nigeria has achieved a significant 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 official Peppol Authority. The achievement, supported by the Standards Organisation of Nigeria (SON), registers Nigeria’s Tax-ID under the ISO/IEC 6523 International Coding System, granting Nigerian individuals and businesses recognition in cross-border transactions. Peppol—a globally accepted framework for the secure and standardised exchange of electronic documents—is widely used in Europe, Asia, and Australia. With FIRS as Nigeria’s Peppol Authority, local businesses can now connect seamlessly to this international network, ensuring faster payments, reduced administrative costs, and improved competitiveness. According to FIRS, the move will simplify compliance for taxpayers while boosting investor confidence. “This milestone simplifies compliance for taxpayers, enables smoother cross-border transactions, and strengthens confidence in Nigeria […]
