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The Nigeria Revenue Service has given companies with an annual turnover of ₦5 billion and above until July 31 to fully adopt its national e-invoicing platform or risk regulatory sanctions.
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The agency says it has already begun monitoring compliance, with more than 1,000 large taxpayers completing the onboarding process as of the first quarter of 2026.
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Affected companies are expected to complete system integration, validation, and invoice transmission through the Merchant Buyer Solution before the compliance deadline.
July 20, (THEWILL) — The Nigeria Revenue Service (NRS) has given all large taxpayer companies until July 31, 2026, to fully adopt the Federal Government’s National E-Invoicing and Electronic Fiscal System, warning that companies that fail to comply risk regulatory and enforcement actions under existing tax laws.
The directive, contained in a statement issued on Sunday by the Special Adviser on Media to the NRS Chairman, Dare Adekanmbi, follows an earlier public notice signed by Executive Chairman Zacch Adedeji, outlining the implementation timetable for the mandatory adoption of the electronic invoicing platform, also known as the Merchant Buyer Solution (MBS).
NRS Begins Compliance Monitoring
The revenue agency disclosed that it has commenced compliance monitoring to assess the level of implementation among large taxpayers, warning that defaulting companies could face sanctions under relevant tax laws and regulations.
Companies yet to complete the onboarding process have been advised to urgently conclude all outstanding integration activities and commence invoice transmission before the July 31 deadline.
According to the NRS, the electronic invoicing framework is expected to strengthen tax administration, improve transparency, and enhance compliance across the country’s tax system.
Over 1,000 Companies Already Comply
The agency said more than 1,000 large taxpayer companies had already complied with the directive as of the first quarter of 2026.
It defines large taxpayers as companies with an annual gross turnover of ₦5 billion and above.
To achieve full compliance, affected companies are required to complete onboarding on the Merchant Buyer Solution platform, integrate their systems through approved Access Point Providers (APPs) or Systems Integrators (SIs), complete validation and testing procedures, and begin transmitting invoices to the NRS platform.
The agency also urged businesses to accept only compliant electronic invoices carrying valid Invoice Reference Numbers (RINs) from their suppliers.
E-Invoicing Rollout Nears Full Enforcement
The July 31 deadline marks the end of the transition period for large taxpayers under the NRS’ phased implementation of the national e-invoicing regime.
The electronic invoicing initiative was introduced to digitise invoice reporting, improve tax transparency and strengthen revenue collection by enabling real-time monitoring of business transactions.
The NRS said it will continue providing technical support to affected companies while urging all eligible taxpayers to complete the migration before full enforcement begins.
Ogochukwu Onwaeze is a writer specializing in business and economic journalism. At THEWILL News Media, she translates market trends, financial developments, and policy shifts into clear and engaging stories.
