Nigerian Firms Boost E-Invoicing Integration Ahead of Deadline

As the compliance deadline approaches, firms across Nigeria are rapidly integrating into the Nigeria Revenue Service's (NRS) e-invoicing framework. This initiative primarily affects large taxpayers, with medium taxpayers expected to join the platform later this year.

Olumid Akinsola, the country director for Digitax Nigeria, stated that this transition is prompting increased engagement among businesses. The NRS has issued a notice warning that businesses failing to complete integration will face compliance measures once enforcement begins.

Non-compliant suppliers will be unable to claim value-added tax input credits on transactions. Significant progress has been recorded, with major large taxpayers commencing successful transmission of invoice data on the platform.

Moham Bawa, project manager for the national e-invoicing project, described the initiative as a collaborative effort involving multiple stakeholders. A compliance breakfast event is scheduled for July 14 in Lagos, where businesses can seek clarity on integration timelines and compliance risks.