Value Added Tax (VAT) in Nigeria is regulated by the Federal Inland Revenue Service (FIRS). If your business is registered for VAT, your invoices must meet specific legal requirements. Here's what you need to know.
Current VAT Rate in Nigeria (2026)
The standard VAT rate in Nigeria is 7.5%. This applies to most goods and services, with some exemptions for basic food items, medical services, and educational materials.
What a VAT Invoice Must Include
According to FIRS guidelines, a valid VAT invoice should contain:
- Your business name, address, and TIN (Tax Identification Number)
- Customer name and address
- Date of issue
- Unique invoice number
- Description of goods/services
- Net amount (before VAT)
- VAT amount (7.5%)
- Gross amount (total including VAT)
How SendSlip Handles VAT
SendSlip lets you configure your VAT rate in your dashboard settings. Once set, every invoice you create automatically calculates and displays VAT correctly. No manual calculations, no errors.
When Do You Need to Charge VAT?
Businesses with an annual turnover of ₦25 million or more are required to register for VAT in Nigeria. Below this threshold, registration is voluntary but recommended for professionalism.
Stay Compliant with SendSlip
SendSlip makes VAT-compliant invoicing effortless. Create your free account, set your VAT rate once, and every invoice will be compliant automatically.