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Nigerian businesses face dual tax deadlines, intensifying pressure on finance and accounting teamsNew e-invoicing mandate affects companies with turnover above N5 billion, raising compliance stakesExperts urge early preparation to avoid costly mistakes and regulatory penalties before the June deadline
Pascal Oparada is a journalist with Legit.ng, covering technology, energy, stocks, investment, and the economy for over a decade.
Thousands of Nigerian businesses are racing against time as two major tax obligations converge at the end of June, placing unprecedented pressure on finance and accounting teams across the country.
Companies are expected to file their Company Income Tax (CIT) returns while also complying with the Federal Government’s new electronic invoicing (e-invoicing) regime, a dual requirement that experts say could expose businesses to filing errors, delays and regulatory penalties if not properly managed.
Zaach Adedeji-led NRS begins the enforcement of tax filing by businesses. Credit: NRSSource: Facebook
Tax professionals warn that the overlap of both deadlines has
