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ARTICLE · 08 JULY 2026

TEMPLARS Transcripts: Tax Digest | July 2026

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Nigeria's new tax regime transitions from legislative reform to practical implementation, with the Nigeria Revenue Service rolling out electronic invoicing requirements for large taxpayers and a comprehensive Tax Identification framework. The International Monetary Fund has weighed in with recommendations for further revenue mobilisation, while the Tax Appeal Tribunal has set important precedents on the proper methodology for Best of Judgment assessments.

NigeriaTax
Igonikon Adekunle
Igonikon Adekunle
Sesan Sulaiman
Sesan Sulaiman

Policy & Administration

Nigeria Revenue Service's Electronic Invoicing Compliance Deadline for Large Taxpayers Approaches

Effective 1 July 2026, the Nigeria Revenue Service (the “NRS”) will commence enforcement of the electronic invoicing regime for large taxpayers with annual turnover of ₦5 billion and above, the compliance window for which closed on 30 June 2026.

Notwithstanding the approaching deadline, indications are that a significant number of affected businesses remain outside the compliance framework. At a press briefing in Lagos, the NRS's e-invoicing technology partner disclosed that over 1,000 businesses had enrolled as of early 2026, based on NRS briefings shared with accredited service providers. However, a substantial proportion of entities within the affected taxpayer population had yet to commence compliance.

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