The National Revenue Service (NRS) has announced July 31 as the deadline for large companies to fully comply with its electronic invoicing, or e-invoicing, requirements as part of efforts to strengthen tax administration, improve transparency, and enhance revenue collection. The agency said the initiative is designed to modernize the tax system by replacing manual invoicing processes with secure digital platforms that provide real-time reporting and improve the accuracy of financial records. According to the NRS, businesses classified as large taxpayers are expected to complete their registration, integrate their accounting systems with the approved e-invoicing platform, and ensure that all eligible transactions are processed electronically before the deadline. Officials explained that the move will help reduce tax evasion, limit fraudulent invoicing, improve compliance, and create a more efficient business environment. The agency also noted that electronic invoicing will simplify record keeping, speed up tax verification processes, and provide businesses with a more reliable method of managing financial transactions. Companies that fail to comply within the stipulated timeframe may face regulatory sanctions or other penalties in accordance with existing tax laws and administrative guidelines. The NRS encouraged affected organizations to work closely with approved service providers and seek technical support where necessary to ensure a smooth transition before the compliance date. Business groups have acknowledged the long-term benefits of digital tax administration while urging the agency to continue providing guidance and support to companies adapting to the new system. The e-invoicing initiative is expected to strengthen fiscal accountability, improve government revenue generation, and promote greater confidence in the country’s tax administration framework.
