Invoicing and Tax regulation in Niger
Invoicing Regulation in Niger
In Niger, businesses are under law required to provide invoices for transactions to ensure proper bookkeeping. These invoices must include details such as a unique identifier, full name and address of the supplier and customer, date of issue, description of goods and services, total amounts, and applicable taxes.
Real-Time Reporting / Fiscalization in Niger
Currently in Niger, there isn't a set system or requirement for real-time reporting or fiscalization. However, businesses are required to retain records of their transactions for several years. This could evolve as the country's digital infrastructure further develops.
E-Invoicing in Niger
There is no regulation or requirement for e-Invoicing in Niger at present. Despite lack of mandatory regulation, many businesses are adopting this system due to its efficiency and convenience. E-Invoicing can be particularly beneficial for record-keeping, and can even facilitate easier transactions across borders.
VAT/GST/Tax Compliance in Niger
Niger has a standard Value Added Tax (VAT) rate of 19%, with certain goods and services attracting reduced rates or are exempt. Businesses are required to register for VAT, file VAT returns periodically, and pay any owed VAT timely to avoid penalties. Compliance to these rules is strictly enforced by the Nigerien Tax Authority.