- Nigeria requires large taxpayers (annual turnover of at least NGN5bn/USD3.27m) to issue electronic invoices starting November 1, 2025.
- The original deadline was August 1, 2025, using invoicing software linked to FIRS’s digital system for real-time validation.
- Only about 20% of firms were ready by the initial deadline.
- FIRS extended the deadline by three months to encourage voluntary compliance, setting the new deadline at November 1, 2025.
Source: vitallaw.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
Latest Posts in "Nigeria"
- Pass-Through Costs: Tax Implications of Reimbursable Expenses for VAT and WHT in Logistics
- Is Commercial Rent Subject to VAT Under Nigeria’s 2025 Tax Act?
- Why Exporters Must Still Pay VAT on Local Purchases in Nigeria: Common Misconceptions Explained
- Nigeria Centralises VAT Collection as Customs Exits, NRS Takes Over Amid Sweeping Tax Reforms
- Nigeria VAT Compliance: Navigating TaxPro Max for Digital and Non-Resident Suppliers
