- Nigeria Revenue Service (NRS) is expanding its mandatory e-invoicing and Electronic Fiscal System (EFS) rollout to Medium and Emerging Taxpayers, following successful implementation for Large Taxpayers.
- The phased rollout includes stakeholder engagement, pilot rollout, go-live, post-go-live review, and compliance enforcement, with specific timelines and annual turnover thresholds for each taxpayer segment.
- Medium Taxpayers (NGN 1 billion – NGN 5 billion) will go live on 1st July 2026, and Emerging Taxpayers (below NGN 1 billion) on 1st July 2027.
- Taxpayers are urged to identify their category and comply with the communicated timelines and onboarding activities.
- The expansion aims to enhance tax administration, transparency, and voluntary compliance through technology-driven solutions.
Source: regfollower.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.
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