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.
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Vanguard · 2 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 · 3 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 · 4 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 · 5 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 · 6 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.
Technext24 · 7 days ago
Nigeria's Nigeria Revenue Service has announced that large taxpayers with an annual turnover of ₦5 billion and above must fully integrate the national e-invoicing system by 31 July 2026. The directive requires onboarding to the NRS Merchant Buyer Solution, ERP integration via approved access points, and real-time transmission of invoices with valid Invoice Reference Numbers, with non-compliance triggering enforcement actions.
As of 1 August 2026, Nigeria Customs Service exempts CNG, LPG and electric vehicles from import duty and VAT under the Presidential Gas for Growth Initiative.
As of 1 August 2026, importers must obtain an Import Duty Exemption Certificate issued by the Federal Ministry of Finance.
Primary source
Read the full article at The NationThis summary was published on VATfaqs.com on 1 August 2026. It relates to VAT developments in Nigeria. The original source is The Nation.
