Corporate Nigeria races to beat June 30 e-invoicing deadline as sanctions loom

Corporate Nigeria is on a 24-hour countdown as the National Revenue Service (NRS) prepares to enforce its mandatory electronic invoicing regimen, leaving thousands of large companies racing to meet Tuesday’s June 30 deadline or risk financial penalties from July 1.

“By June 30, if you are not compliant, you will be liable for fines starting July 1,” said Olumide Akinsola, country director of DigiTax Nigeria, an accredited e-invoicing service provider.

For many businesses, however, the bigger threat is not the fine itself. Companies that f

Corporate Nigeria is on a 24-hour countdown as the National Revenue Service (NRS) prepares to enforce its mandatory electronic invoicing regimen, leaving thousands of large companies racing to meet Tuesday’s June 30 deadline or risk financial penalties from July 1.

“By June 30, if you are not compliant, you will be liable for fines starting July 1,” said Olumide Akinsola, country director of DigiTax Nigeria, an accredited e-invoicing service provider.

For many businesses, however, the bigger threat is not the fine itself. Companies that f