As enforcement begins for large taxpayers and medium-sized firms enter the compliance net, businesses confront a new reality where digital invoicing is no longer optional but central to tax efficiency, VAT recovery and commercial competitiveness. Bennett Oghifo reports
Nigeria’s tax administration is entering a defining moment. Beginning July 1, 2026, large businesses with annual turnover of N5 billion and above will no longer have the luxury of delaying compliance with the Nigeria Revenue Service (NRS) electronic invoicing mandate. From that date, every invoice that falls outside the prescribed electronic transmission framework could attract penalties, marking the commencement of one of the most ambitious fiscal modernisation programmes ever undertaken in Africa.
The development signals a significant shift in the way taxes are administered, monitored, and enforced in Nigeria. More importantly, it highlights the increasing role of technology in plugging revenue leakages, improving transparency, and reshaping relationships between businesses and tax authorities.
At a virtual media parley organised by DigiTax Nigeria, stakeholders examined the implications of the policy and the readiness of businesses as the enforcement deadline approaches. The discussions revealed a mixed picture of progress and concern.
