Nigeria: FIRS defers implementation of simplified compliance regime for VAT for non-resident suppliers of goods
18 January, 2024
On 15 January 2024, Nigeria’s Federal Inland Revenue Service (FIRS) published a public notice declaring that it deferred enacting the Guidelines on the Simplified Compliance Regime for VAT for Non-Resident Suppliers of goods to Nigeria through digital platforms. The regime went into force on 1 January 2024. This postponement is to allow the service to conclude the development of a seamless process for the effective and efficient process of the collection and remittance of the tax. The implementation of the guidelines on the supply of services and intangibles by non-residents commenced on 1 January 2022 and is not affected by this notice.
The Nigeria Revenue Service (NRS) has announced the continuation of the phased rollout of its E-Invoicing and Electronic Fiscal System (EFS), also known as the Merchant Buyer Solution (MBS), to Medium and Emerging Taxpayers. In a notice issued on
The Nigeria Revenue Service (NRS) has released a timeline for the phased implementation of its Electronic Invoicing and Electronic Fiscal System (EFS), also known as the Merchant Buyer Solution (MBS). The initiative is part of efforts to modernise
The Nigeria Revenue Service has clarified, on 17 February 2026, that the Nigeria Tax Act 2025 is already in effect and does not impose a 25% tax on building materials, construction funds, or related transactions, contrary to false claims circulating
The Nigeria Revenue Service (NRS) has ended the road infrastructure tax credit programme on 5 February 2026, citing its inability to verify construction projects completed under the initiative. NRS Chairman Zacch Adedeji announced the decision,
The Federal Airports Authority of Nigeria (FAAN) announced that it will implement new cargo tariffs from 2 February 2026. The revision, approved in 2025, was delayed to allow FAAN to strengthen internal controls and close revenue leakages that
The Federal Government of Nigeria has welcomed the decision of the European Commission to remove Nigeria from the European Union’s list of high-risk third countries for Anti-Money Laundering and Countering the Financing of Terrorism
