Summary
- Starting 1 October 2026, all exporters of services must submit an Export Declaration Form (EDF) declaring the full export value under Regulation 3(2) of the Foreign Exchange Management (Export and Import of Goods and Services) Regulations, 2026.
- This new requirement unifies the declaration process for goods, software, and services, discontinuing the previous SOFTEX system.
- EDFs must be filed within thirty days from the end of the month in which invoices are raised, with the first due by 30 November 2026 for October invoices.
- Non-compliance may lead to penalties under FEMA and complicate foreign remittance processes for exporters.
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