
Nigeria E-Invoicing for Medium Taxpayers: A Guide to the NRS Merchant-Buyer System
Nigerian firms with ₦1–5 billion turnover must clear B2B invoices on the NRS MBS platform since July 1, 2026; enforcement and penalties begin in Q1 2027.
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Value-added tax registration thresholds, simplified VAT regimes, input-VAT offsets, and VAT recordkeeping for businesses

Nigerian firms with ₦1–5 billion turnover must clear B2B invoices on the NRS MBS platform since July 1, 2026; enforcement and penalties begin in Q1 2027.

Seychelles' 2026 Voluntary Disclosure Programme waives penalties and prosecution for unpaid tax, but not interest — and eligibility ends once SRC audits you.

Azerbaijan's 0% payroll holiday ended January 1, 2026: private-sector wages now face 3–14% progressive tax, while caterers pay 6% on card sales.

Bahamas VAT on unprepared food fell from 5% to 0% on April 1, 2026. Grocers must re-code SKUs into 0/5/10% buckets and keep claiming input tax.

Botswana charges 14% VAT on non-resident digital services from Oct 1, 2026, and reverse charge starts Aug 1. Thresholds, due dates and record rules explained.

Saint Lucia waives 100% of penalties and interest on tax arrears through 2025 if you pay the principal by December 2027. File first, then settle.

Sri Lanka dropped its planned Rs. 36M VAT threshold; registration still starts at Rs. 60M a year or Rs. 15M a quarter, and digital-services VAT took effect.

Uganda’s EFRIS now covers 12 sectors regardless of VAT status; a missed e-invoice costs double the tax due or UGX 200,000 — here is how to comply.

Cameroon's IGS taxes small businesses on turnover, not profit — 500,000 to 2,000,000 CFAF a year for 10M–50M CFAF turnover, paid quarterly.

Since June 1, 2026, Israeli B2B tax invoices above ₪5,000 need a Tax Authority allocation number or the buyer cannot deduct input VAT.

Rwanda's April 2026 order taxes online goods and digital services at 18% VAT — foreign sellers must register with the RRA or banks withhold it.

South Korean sole proprietors under ₩104 million in prior-year sales file VAT on the simplified track — two filings a year, and no payment under ₩48 million.