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Nigeria Tax Information

7.5% VAT

VAT is 7.5%. Registration required above NGN 25 million turnover. TIN required.

Contractor Services to Invoice

  • Labor charges
  • Material costs
  • Equipment rental
  • Permit fees
  • Subcontractor work
  • Change orders
  • Warranty work

Invoice Requirements in Nigeria

TIN
VAT registration
Client TIN
VAT (7.5%)
Total in NGN

Payment Terms

Progress billing at milestones. Retain 5-10% until final inspection.

CashNet 14Net 30Net 45

Payment Methods in Nigeria

Bank TransferUSSDMobile MoneyCardCash

Contractor Invoice Tips

  • Break down materials and labor
  • Reference permits
  • Document change orders
  • Include lien waiver language
  • Track progress payments

Frequently Asked Questions

What tax rate applies to contractor invoices in Nigeria?

Nigeria has 7.5% VAT. VAT is 7.5%. Registration required above NGN 25 million turnover. TIN required.

What payment methods are common for contractors in Nigeria?

Common payment methods in Nigeria include: Bank Transfer, USSD, Mobile Money, Card, Cash. Progress billing at milestones. Retain 5-10% until final inspection.

What should contractor invoices include in Nigeria?

Your invoice should include: TIN, VAT registration, Client TIN, VAT (7.5%). For contractor services specifically, also include: Labor charges, Material costs, Equipment rental.

How should contractors bill for projects?

Progress invoicing at milestones. Break down labor, materials, and subcontractor costs.

How do contractors handle material markup?

15-25% markup is standard. State policy in contracts.

What is Nigeria's VAT rate?

7.5% on most goods and services. Basic food, medical, educational items are exempt.