Nigeria · VAT accounting
Accounting software built for Nigeria businesses
HelloBooks computes Nigeria VAT at 7.5% (raised from 5% in February 2020 under the Finance Act 2019) on every invoice and bill, reconciles your bank feeds with AI, and prepares the FIRS VAT Return from your live ledger. Unlike most VAT systems, Nigeria has no registration threshold — all businesses must register with the Federal Inland Revenue Service (FIRS). Monthly returns are due by the 21st of the following month. Basic food items, books, baby products, and medicines are exempt.
Live today
- VAT compute at 7.5% — standard, zero-rated, and exempt classification on every transaction
- FIRS VAT Return preparation with output VAT, input VAT, and net remittable computed from your ledger
- Exempt item classification — basic food items, books, baby products, and medicines automatically flagged
- AI categorisation — 95%+ accuracy on bank transactions
- Multi-currency invoicing (NGN and foreign currencies)
- Smart and recurring invoices with Stripe and Flutterwave payment links
- Accounts payable and receivable aging
- Profit & loss, balance sheet, and cash-flow reports
Coming soon
- Direct VAT Return e-filing to FIRS e-Tax Pay portal via API integration
- Nigeria payroll with PAYE (LIRS/SIRS), pension, and ITF/NSITF levy computation
- Withholding tax (WHT) on dividends, interest, rent, royalties, and professional fees
- Companies Income Tax (CIT) computation for corporate filers
Get started with HelloBooks in Nigeria
Page last reviewed: 2026-06-16.