FIRS has announced a phased e‑invoicing and e‑reporting mandate in Nigeria, with the second wave becoming mandatory on 1 July 2026 for taxpayers with annual revenues between N1 bn and N5 bn. The authority will also introduce Peppol-based invoicing, implement the Automated Tax Administration System (ATAS) for audits, and impose soft‑landing penalties effective 2027. The final wave for small enterprises is planned for 1 July 2027.
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The Nation · 4 days ago
Nigeria Customs Service has exempted CNG, LPG and electric vehicles from import duty and VAT under the Presidential Gas for Growth Initiative. Importers must obtain an Import Duty Exemption Certificate from the Federal Ministry of Finance and comply with regulatory requirements.
Vanguard · 7 days ago
Nigeria: Large taxpayers will face fines from 31 July if they fail to onboard to the NRS e-invoicing system. The penalties include a ₦200,000 fine per infraction, a 100 per cent surcharge on tax due, and interest at the Central Bank of Nigeria Monetary Policy Rate plus two points.
ThisDayLive · 8 days ago
Nigeria's NRS has set a July 31, 2026 deadline for large taxpayers to fully migrate to the national e-invoicing and Electronic Fiscal System. The directive, part of the Merchant Buyer Solution rollout, requires companies with annual gross turnover of N5 billion or more to complete registration, system integration, testing and to transmit invoices with valid RINs.
Guardian · 9 days ago
Nigeria's Revenue Service (NRS) has set 31 July as the deadline for large taxpayers to comply with the National E-Invoicing and Electronic Fiscal System. The deadline requires large taxpayers to register on the Merchant Buyer Solution, integrate systems via approved Access Point Providers or Systems Integrators, validate, test, and transmit invoices electronically, with enforcement actions for non-compliance.
GlobalVATCompliance · 10 days ago
Nigeria: The Nigeria Revenue Service has begun compliance monitoring for large taxpayers under the mandatory National E-Invoicing & Electronic Fiscal System (EFS). Businesses must complete onboarding, integration, validation, testing and invoice transmission by 31 July 2026 to meet the deadline.
HeadTopics · 11 days ago
Nigeria's National Revenue Service has begun monitoring compliance for large taxpayers under its e-invoicing mandate, with a deadline of 31 July 2026. Companies must achieve full compliance by that date or face regulatory sanctions.
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Key Takeaways
On 1 July 2026, the second wave becomes mandatory for taxpayers with annual revenues between N1 bn and N5 bn.
FIRS was announced as the national Peppol Authority on 19 October 2025.
Soft‑landing penalties become effective in 2027, with penalties applying for the first time for the first wave and for the second wave after 2027.
FIRS has the powers to implement the Automated Tax Administration System (ATAS) since 30 April 2021.
Primary source
Read the full article at VatCalcThis summary was published on VATfaqs.com on 15 June 2026. It relates to VAT developments in Nigeria. The original source is VatCalc.
