TAX INVOICE
(Issued pursuant to the Value Added Tax Act, Cap. V1, Laws of the Federation of Nigeria 2004 (as amended by the Finance Acts) and the Federal Inland Revenue Service (Establishment) Act 2007)
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Tax Identification Number (TIN): ________
VAT Registration No.: ________
Telephone: ________
Email: ________
Invoice No.: ________
Date of Issue: ________
To: ________
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Recipient TIN: ________
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§ 1. DESCRIPTION OF GOODS AND/OR SERVICES SUPPLIED
(QUANTITY / UNIT) — (PRICE PER UNIT) || TOTAL PRICE
___________________________________________________________________________________
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\u20a6(________) || \u20a6________
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SUB TOTAL (exclusive of VAT)
\u20a6________
___________________________________________________________________________________
VALUE ADDED TAX (VAT) at the prevailing statutory rate of ________%
\u20a6________
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WITHHOLDING TAX (if applicable, to be deducted at source and remitted by the recipient)
\u20a6________
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TOTAL AMOUNT PAYABLE (inclusive of VAT)
\u20a6________
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§ 2. TERMS OF PAYMENT
2.1. The total sum stated above is denominated in Nigerian Naira (\u20a6) and shall be paid by the recipient within ________ days from the date of this invoice.
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2.4. Payment may be made by the following permitted methods, as elected by the recipient:
(a) by cash; or
(b) by crossed cheque made payable to ________; or
(c) by electronic bank transfer to the account details set out in § 3 below.
2.5. A late payment charge at the rate of ________% per month (or part thereof) shall accrue on any sum remaining unpaid after the due date, without prejudice to any other right or remedy available to the sender at law or in equity.
§ 3. BANK ACCOUNT DETAILS FOR ELECTRONIC TRANSFER
Account Name: ________
Bank Name: ________
Account Number: ________
Sort Code / Branch: ________
§ 4. GENERAL
4.1. Title to the goods (where applicable) shall not pass to the recipient until the total amount payable under this invoice has been received in full and cleared funds.
4.2. Any dispute as to the contents of this invoice must be communicated in writing to the sender within ________ days of the date hereof, failing which the invoice shall be deemed accepted by the recipient.
4.3. This invoice and the supply to which it relates shall be governed by and construed in accordance with the laws of the Federal Republic of Nigeria, and any dispute arising therefrom shall be subject to the jurisdiction of the courts sitting at ________.
4.4. This is a valid VAT invoice for the purposes of input tax recovery under the Value Added Tax Act.
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For and on behalf of the Sender:
Authorised Signature: ________
Name: ________
Designation: ________
Date: ________
Thank you for your business.