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Nigerian Invoice Generator — NGN, VAT Format
Nigeria operates a 7.5% VAT system administered by the Federal Inland Revenue Service (FIRS). Nigerian businesses must issue invoices that comply with tax regulations, including proper TIN (Tax Identification Number) display and VAT breakdown. The business environment is largely cash-based, making proper invoicing especially important for formal business transactions and tax compliance. Withholding tax requirements also affect how invoices are structured for corporate clients. InvoUno helps Nigerian businesses create professional invoices with NGN formatting, 7.5% VAT calculation, and clear documentation that supports both domestic and international business relationships.
Invoicing Requirements in Free Invoice Generator for Nigeria
Default Currency
NGN
Tax Label
VAT
Standard Tax Rate
7.5
Legal Note
Nigerian invoices should include: supplier business name and TIN, buyer details, invoice date and number, description of goods/services, unit price, VAT at 7.5%, total amount, and payment terms. VAT-registered businesses must charge and remit VAT to FIRS.
Frequently Asked Questions
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Nigeria standard VAT rate is 7.5% on most goods and services. Some items are VAT-exempt including basic food items, medical services, and educational materials. Companies must register for VAT regardless of turnover.
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Corporate clients may be required to withhold tax (5-10% depending on service type) from invoice payments. Your invoice should note the gross amount, and the client deducts WHT before payment.
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Bank transfers are standard for formal business transactions. Include your bank name, account number, and account name on every invoice. Multiple currency accounts are common for businesses with international clients.
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