Section 7 Nigeria Tax Act 2025

Section 7 of the Nigeria Tax Act 2025 is about Nigerian dividends. It provides as follows:

(1) Nigerian dividends include –
(a) dividend distributed by a Nigerian company, and shall be the gross amount of that dividend before any deduction; and

(b) any amount of the undistributed profit of a Nigerian company, which is treated as distributed under the provisions of any law in Nigeria.

(2) The income from a dividend distributed by a Nigerian company is deemed to arise on the day on which payment of that dividend becomes due.

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