Section 153 Nigeria Tax Act 2025

Section 153 of the Nigeria Tax Act 2025 is about VAT Invoice. It provides as follows:

(1) A taxable person who makes a taxable supply shall maintain a sequential invoice numbering, and shall in respect of a supply, furnish the purchaser with a VAT invoice containing, the following –

(a) supplier’s tax ID;
(b) an invoice number;

(c) name and address of the supplier;
(d) supplier’s incorporation or business registration number as applicable;
(e) the date of supply;

(f) name of purchaser or client;
(g) gross amount of transaction; and
(h) VAT charged and the rate.

(2) VAT invoice shall be issued on supply whether or not payment is made at the time of supply.

(3) VAT invoice shall be issued by a taxable person making a taxable supply or such other person as may be appointed by the Service.

(4) For the purpose of subsection (1), the Service may direct any taxable person who makes taxable supplies to adopt the use of electronic invoice,
provided that it gives a notice of, at least 30 days to the person.

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