Nigeria Revenue Service don begin to put pressure on large taxpayers for compliance with digital invoice mandate. According to statement wey dem release, NRS don start compliance monitoring activities to check how far large taxpayers don follow the e-invoicing rule.
Di agency say dem go assess level of adherence among big businesses. Dis move na part of effort to improve tax collection and reduce evasion for di country.
Large taxpayers wey no comply go face penalties. NRS warn say dem no go tolerate any form of non-compliance. Di monitoring go involve checking if companies dey issue digital invoices for all transactions.
E-invoicing mandate na policy wey require businesses to use electronic system for invoice generation. NRS believe say dis go help track transactions better and increase revenue.
Some companies don already start to adjust dia operations to meet di requirement. But others dey struggle with implementation. NRS say dem go provide guidance to help businesses comply.
Di agency don also set up team to handle compliance issues. Dem go visit companies and request documents to verify e-invoicing use.
Large taxpayers wey dey affected include banks, telecoms, and manufacturing companies. Di list dey based on turnover and tax history.
NRS say di monitoring go continue until all large taxpayers comply fully. Dem don warn say defaulters go face fines and legal action if necessary.
