Country pack
communityNigeria
Ekwo is free, open source accounting software. Its Nigeria pack carries the chart of accounts (Nigeria reference chart of accounts, 201 accounts), 2 tax rates in NGN, the periodic return (VAT return, 15 boxes), and the financial statements (Statement of financial position, Statement of profit or loss). Last checked on 2026-10-23 against 11 texts of law and official sources.
- Country code
NG- Currency
NGN- Pack version
0.5.0- Last checked
- 2026-10-23
What the pack carries
- Charts of accountsWhat a company installs, and who each chart is published for.
default(default) — 201 accounts, for companies
- TaxesHow many the pack carries, at which distinct rates, and which treatments it can express.
- 10 taxes at rates of 0, 7.5
domestic,exempt,export,foreign_services_received,import,not_subject - Periodic declarationThe form the accounts are read into, the cadences it is filed on, and how many boxes it has.
NG-VAT-RETURN— 15 boxes, filed month
- When it is dueA rule of the country, not a date. A pack that cannot state its rule states nothing.
- day 21 of the month after the period
- The file it is deposited asThe brick of packages/formats that writes it, where one exists.
- filed by hand on the administration’s portal
- Electronic invoicingThe profile the country imposes, the day it starts, and the text that imposes it.
- no profile declared
- Where the tax balance landsThe accounts a filed declaration settles to, by role.
- payable
2210 - receivable
1155
- payable
- Bank statementsThe formats this country’s banks send, and whether anything here reads them.
- no format named
- Payment filesThe formats the country’s banks accept for an outgoing payment.
- no format named
- Financial statementsThe schemes the chart reports on, and the taxonomy their keys are written against.
NG-CAMA-BS— 24 linesNG-CAMA-IS— 12 lines
- Who has read itA pack is reviewed when a named professional has read it against the law, and never before.
communityno named reviewer11 sources cited- Last checked against the lawThe most recent day somebody opened one of the texts the pack was built from.
- 2026-10-23
- Pack versionWhat this pack calls itself, the day it says its transcription is true, and the languages it publishes.
0.5.0— published 2026-10-23en
Free, and operated
Where the open core stops.
The line is operational, not functional. Everything that keeps working on its own is open core; what needs credentials, a certificate or a channel somebody keeps running is the hosted edition.
NG-VAT-RETURNdeclarationFree, for everComputed from the ledger, frozen box by box, filed by hand on the administration’s portal, and what it owes is carried to 2210. The deposit number and the administration’s own words come back into your own database.
OperatedTransmission: the credentials, the certificate and a channel somebody keeps running. The return stays yours.
What it was built from
11 sources — the law this pack was read against
- Nigeria Tax Act, 2025 (Act No. 7 of 2025), Federal Republic of Nigeria Official Gazette No. 117, Vol. 112, 26 June 2025, pages A387–A596 — in force from 1 January 2026, repealing the Value Added Tax Act, Cap. V1, LFN 2004
Federal Government Printer, Lagos — mirrored by the Tax Appeal Tribunal · law · read 2026-10-01
- Nigeria Tax Administration Act, 2025 (Act No. 5 of 2025), Federal Republic of Nigeria Official Gazette No. 117, Vol. 112, 26 June 2025, pages A259–A345 — in force from 1 January 2026
Federal Government Printer, Lagos — mirrored by the Tax Appeal Tribunal · law · read 2026-10-01
- Nigeria Revenue Service (Establishment) Act, 2025 (Act No. 4 of 2025) — renames the Federal Inland Revenue Service the Nigeria Revenue Service and continues it as "the Service" of the Nigeria Tax Act and the Nigeria Tax Administration Act
Federal Government Printer, Lagos — mirrored by the Tax Appeal Tribunal · law · read 2026-09-25
- Value Added Tax Return, Form VAT 002, and its explanatory notes — the most recent public specimen of the paper return, printed with a worked example at the 5% rate that preceded the Finance Act 2019
Federal Inland Revenue Service · form · read 2026-09-25
- TaxPro-Max — the e-filing portal the Service has required for VAT returns since June 2021; no manual submission is accepted for a naira-denominated return
Federal Inland Revenue Service · portal · read 2026-09-25
- FIRS e-Invoicing — the Merchant-Buyer Solution: live from 1 August 2025, onboarding of taxpayers with an annual turnover of at least ₦5 billion required by 1 November 2025 after a three-month extension
Federal Inland Revenue Service · portal · read 2026-09-25
- Companies and Allied Matters Act, 2020 (Act No. 3 of 2020), assented 7 August 2020 — Part XI (Accounts and Audit) and the First Schedule (form and content of financial statements)
Corporate Affairs Commission · law · read 2026-09-25
- Financial Reporting Council of Nigeria Act, 2011 (Act No. 6 of 2011)
Financial Reporting Council of Nigeria · law · read 2026-09-25
- IFRS for SMEs Accounting Standard (third edition, 2025) — Section 17 Property, Plant and Equipment, Section 18 Intangible Assets other than Goodwill and Section 19 Business Combinations and Goodwill
IFRS Foundation · standard · read 2026-10-01
- IFRS Standards — Application around the world, jurisdictional profile: Nigeria — the Financial Reporting Council of Nigeria has adopted the IFRS for SMEs Standard, effective January 2014, without modification
IFRS Foundation · guidance · read 2026-10-01
- Taxpayer Self Service Portal — the official Nigeria Revenue Service portal for taxpayers to fulfil their tax obligations: self tax filing, third-party tax filing and payments
Nigeria Revenue Service · portal · read 2026-10-23
Partners
Join the Ekwo partners in Nigeria
Accounting firms, consultants and digital experts are joining now. Listing is free.
Your company in Nigeria, on Ekwo.
Create an Ekwo Cloud account and start today, or run Ekwo OS on your own project in one command.