The National Revenue Service (NRS) has given large taxpayers until July 31 to fully comply with Nigeria’s mandatory electronic invoicing regime, extending the implementation timeline as it steps up monitoring of compliance across affected companies.
Beyond regulatory sanctions, businesses that fail to comply with the e-invoicing regime face significant financial consequences. In addition to a N200,000 penalty for every non-compliant transaction, invoices that do not pass through the NRS platform may not qualify for VAT input credit claims or tax-deductible expense treatment, increasing the tax burden on affected companies.
The new deadline replaces the earlier June 30 implementation date, which saw many companies racing to complete onboarding and systems integration with the NRS Merchant Buyer Solution (MBS).
In a public notice signed by Zacch Adedeji, chairman of the NRS, the tax authority directed all large taxpayers to complete onboarding, integration, testing, and commence invoice transmission to the national e-invoicing platform
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