Let the tax games begin

Nigeria's 2026 tax reforms mandate e-invoicing for big firms and a unified ID to boost compliance.

Nigeria will begin implementing major tax reforms in 2026 under the Nigeria Tax Administration Act (NTAA) and the newly established Nigeria Revenue Service (NRS). The reforms require medium and large businesses to issue structured electronic invoices through the NRS Merchant Buyer Solution, while a unified Taxpayer Identification Number (TIN) will link individuals and businesses to banking, pension and insurance records. Banks and fintech companies will also be required to report transactions above regulatory thresholds. Small businesses with annual turnover below ₦100 million will remain exempt from company income tax. The reforms target Nigeria’s vast informal economy, which contributes nearly 58 percent of GDP and employs over 80 percent of workers. Authorities aim to boost tax compliance and raise the country’s tax-to-GDP ratio from 13.5 percent toward an 18 percent target.