Technext· 1d ago· 1 min read
The Nigeria Revenue Service (NRS) has launched its compliance monitoring for large taxpayers under the National E-Invoicing and Electronic Fiscal System by requiring large taxpayers (companies with an annual turnover of ₦5 billion and above) to complete full system integration by 31 July 2026.
In an official statement made by the NRS on Friday, it noted that non-compliant entities face immediate enforcement actions, statutory penalties, and potential operational disruptions under applicable tax laws.
The tax authority also warned that failure to integrate the technology risks losing value added tax (VAT) input credits and facing severe financial penalties.
Notably, the public notice marks a decisive transition by the NRS from policy announcement to real-time tax enforcement. With compliance monitoring active ahead of the July 31, 2026 deadline, the NRS is establishing a direct,…
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