Nigeria Tax Administration Act, 2025 · s.104, s.23
The fiscalisation system
Taxable supplies must go through the VAT fiscalisation system: ₦200,000 plus 100% of the tax and interest if they do not.
Who this lands on: VAT-registered businesses once the system applies to them.
The Act provides for a value added tax fiscalisation system (s.23) for taxable supplies.
A taxable person who does not process a taxable supply through it is charged ₦200,000, plus 100% of the tax due, plus interest at the Central Bank of Nigeria monetary policy rate a year.
Clean, complete invoicing records are what make this straightforward when it reaches you.