E-invoicing pilot broadening out to target large businesses 1 July 2025 The Nigerian tax authority, Federal Inland Revenue Service (FIRS) has indicated this week that it aims for a full pilot of its “FIRS e-Invoice” platform to streamline invoice management in alignment with the Tax
Tax Reform Bill to shake-up VAT revenue split between regions A new Tax Reform Bills has been submitted to the NigerianNational Assembly for consideration and proposes an equitable model to share the Value Added Tax among the 36 states of the federation. The bill also
Federal government proposal to hike VAT from 7.5% to 10% will be phased The proposed 2.5% VAT increase in Nigeria is likely to be phased in according to the Presidential Tax and Fiscal Policy Reforms Committee. This follows a call by the Minster of Finance
Lower House rejects Reform Bill proposes VAT rise from 7.5% to 10% A Bill to raise immediately VAT by 2.5% to 10%, and then to 15% by 2031, has been rejected by the House of Representatives on 14 March 2025. There has been no commitment
Simplified VAT compliance for foreign e-services and goods sellers & marketplaces Nigeria’s Federal Inland Revenue Service (FIRS) has delayed start date for non-resident businesses to register for the supplies of e-commerce goods through digital platforms. The plan had been a 1 January 2024 start date.
Delays in agreement on OECD Pillar 1 global tax reallocation rights prompts Nigeria to act unilaterally Nigeria has become one of the few countries to comply with the OECD 137-country agreement to renegotiate global taxing rights, and has acted unilaterally at the start of 2022
Banking system pre-clearance on mandated import export electronic invoicing to fight fraud From 1 February 2022, imports or exports of goods from Nigeria must include a pre-clearance of an electronic invoice. Invoices must be submitted to any Authorised Dealer Bank for certification on the Trade
