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The Commercial Sales Invoice is a fundamental business document used in Nigerian commercial transactions to document the sale of goods or services. It serves multiple purposes: as a tax document complying with Nigerian VAT requirements, as evidence of a commercial transaction, and as a payment request to the buyer. This document must comply with the Value Added Tax Act and other relevant Nigerian commercial laws, including the Finance Act 2020's provisions for electronic invoicing where applicable. The Commercial Sales Invoice is essential for business record-keeping, tax reporting, and audit trails, containing detailed information about the transaction, including seller and buyer information, item details, tax calculations, and payment terms. It's particularly important in the Nigerian business context where proper documentation is crucial for tax compliance and business operations.

1. Invoice Header: Company letterhead, invoice number, date, and 'TAX INVOICE' designation

2. Seller Details: Full registered company name, address, registration number, TIN (Tax Identification Number), and contact information

3. Buyer Details: Customer's full name, delivery and billing addresses, and tax registration details if applicable

4. Product/Service Details: Itemized list of goods/services, quantities, unit prices, and descriptions

5. Calculation Section: Subtotal, VAT calculation (7.5%), any applicable discounts, and total amount

6. Payment Information: Payment terms, due date, bank account details, and accepted payment methods

7. Additional References: Purchase order number, delivery note reference, or other relevant reference numbers