Regulatory updates - Nigeria
Nigeria announces implementation timeline for e-invoicing phases
The Nigeria Revenue Service (NRS) has announced the implementation timeline of its e-invoicing phased rollout.
Nigeria announces implementation timeline for e-invoicing phases
The Nigeria Revenue Service (NRS) has announced the implementation timeline of its e-invoicing phased rollout.
Nigeria announces implementation timeline for e-invoicing phases
The Nigeria Revenue Service (NRS) has announced the implementation timeline of its e-invoicing phased rollout.
Country specifications
E-Invoicing/CTC Model:
Pre-clearance: B2B & B2G Real-time reporting: B2C
Mandatory Infrastructure:
NRS Merchant Buyer Solution (MBS)
Mandatory Format:
JSON, XML, Peppol BIS
Mandatory for Issuing:
Phased roll-out: 1 November 2025: Large taxpayers with an annual turnover of 5 billion NGN (ca. 3 million EUR) 1 July 2026: Medium Taxpayers with an annual turnover between 1 billion NGN – 5 billion NGN (ca. 631,800 EUR - 3 million EUR) 1 July 2027: Emerging Taxpayers with an annual turnover of less than 1 billion NGN (ca. 631,800 EUR)
Mandatory for Receiving:
No explicit requirements Share a validated e-invoice or a visual representation
eSignature:
Mandatory FIRS Cryptographic Stamp Identifier
Archiving Period:
6 years (Companies Income Act) 7 years for e-invoices upon request by the Tax Authorities
Archiving Abroad:
Allowed under conditions
