KyDec runs your sales, purchases, stock and double-entry books on one platform — invoices that carry your TIN and show VAT separately, the VAT figures ready before you open TaxPro Max, and every bank transfer matched to the invoice it paid.
| Item | Qty | Rate ₦ | VAT | Amount ₦ |
|---|---|---|---|---|
| Ergonomic office chairSKU CH-220 · Lekki warehouse | 12 | 85,000.00 | 7.5% | 1,020,000.00 |
| Assembly & installationService | 1 | 150,000.00 | 7.5% | 150,000.00 |
| Exercise books, cartonEducational material | 40 | 12,500.00 | 0% | 500,000.00 |
The four Tax Reform Acts of 2025 rewrote business taxation from 1 January 2026. Here is what matters on an invoice and in your books — and how KyDec is set up for it.
Kept under the Nigeria Tax Act 2025, in force from 1 January 2026. Set 7.5% on each line; KyDec shows VAT separately, with the total.
UnchangedZero-rated, not exempt — input VAT stays recoverable. Tag the line 0% and KyDec reports it apart from standard-rated sales.
Nigeria Revenue Service, formerly the Federal Inland Revenue Service (FIRS). Returns are filed on the NRS TaxPro Max portal.
Turnover ≤ ₦100m and fixed assets ≤ ₦250m: exempt from VAT registration and charging, and from CIT, CGT and the Development Levy. Professional services are excluded from the VAT exemption.
30% CIT plus a 4% Development Levy, replacing the Tertiary Education Tax and other levies. Your P&L and balance sheet are ready for your accountant.
Returns now include state-level consumption data. The state sits on each client's address; KyDec's VAT report does not split sales by state yet.
NewThe national e-invoicing system runs through the NRS Merchant-Buyer Solution (MBS). Each e-invoice gets an NRS Invoice Reference Number (IRN); buyers should accept only invoices with a valid one. The NRS may adjust these dates.
KyDec keeps every invoice in the required shape — both TINs, your numbering, VAT split per line — and prepares the VAT figures in its tax summary. You file on TaxPro Max.
MBS connects software through NRS-approved Access Point Providers.
NRS MBS — not connected yet: KyDec prepares the figures, you file on the official portal.
For a supply not processed through the system, the penalty is
of the tax due, plus interest. Keep clean, consistent invoices now and your go-live is not a clean-up.
A document in KyDec is not a form that gets copied into other systems later. Saving it is what updates your books, your stock and your tax data, at the same moment.
One database, one set of numbers that agree with each other. Every invoice, bill and stock move writes its own double entry — your accountant stops re-keying and starts reviewing.
Quotation → proforma → sales order → invoice → credit note. Delivery challans, receipts, recurring invoices, payment reminders. Share on WhatsApp, or by email and see when it's opened.
Purchase orders, RFQs, vendor bills, expenses and payouts, through multi-stage approvals, with super-approvers for the big ones.
True double entry, written from the document that caused it. Chart of accounts, journals, ledgers, day book, trial balance, P&L, balance sheet, cash-flow — each entry traceable to its document.
Multi-warehouse stock with batch, serial and expiry tracking. Reorder and overstock alerts, transfers between your Lagos and Abuja stores, product-wise P&L.
35+ reports: ageing, outstanding, tax summary, VAT report, payments, line items, client retention, project and tag-wise P&L.
Lead pipelines, capture forms, follow-ups and meetings. Run several companies from one login, each with its own books — and decide exactly who sees what.
Payroll & HR — coming soonImport your bank statement and KyDec suggests the invoice each credit belongs to — you confirm, it posts. Card payment links are not offered in Nigeria yet.
Transfers, POS settlements and wallet payouts are recorded and reconciled from your statement. KyDec does not connect directly to local payment apps or gateways.
KyDec works on your own books. It fills in, matches and warns — you approve.
Upload a statement, even a scanned PDF. Each credit is matched to the invoice it paid; the unclear ones wait for you.
Overdue invoices get reminders on the schedule you set, and items below their reorder level raise an alert, so you chase early and reorder on time.
Your books are evidence. KyDec writes every entry from the document that caused it, so you and your accountant can trace each figure to its source.
Each person sees only what their role allows, down to their own records.
Your data is backed up every night and kept for 14 days.
Every connection, with connection keys encrypted at rest.
Any list or report, to CSV or Excel. No lock-in.
From Excel, Tally or your old software — customers, vendors, items, opening balances.
Invoice layouts, numbering series, VAT rates and ledgers set up the way you work.
Sales, stores and accounts each learn their part — nobody needs a manual.
Closing, reconciling and VAT figures — with us beside you the first time.
Questions Nigerian business owners and their accountants ask before switching.
Not today. KyDec keeps invoices in the required shape and prepares your VAT figures. MBS connects through NRS-approved Access Point Providers. NRS MBS — not connected yet: KyDec prepares the figures, you file on the official portal.
You may be exempt from charging VAT, but you still need clean invoices and books — and Basic is free. Switch VAT on the day you cross the line.
Yes. Tax is set per line, and the VAT report keeps zero-rated sales separate from standard-rated ones.
Import your statement and KyDec suggests which invoice each credit pays. Card payment links are not offered in Nigeria yet. Local payment apps aren't connected directly — their settlements reconcile from your statement.
Hosted in India, encrypted in transit, with nightly backups. Export any list or report, any time.
Basic is free, no card needed. Paid plans are priced per region — Nigeria: local pricing, talk to us. Payroll & HR is coming soon.
Send your first naira invoice today. Bring the rest of the business over when you're ready — we'll move the data for you.