Section 124 Nigeria Tax Administration Act 2025

Section 124 of the Nigeria Tax Administration Act 2025 is about False declaration. It provides as follows:

(1) A person that makes or signs, or causes to be made or signed,
(2) In addition to the provisions of subsection (1), the licensee or lessee
(a) 10,000,000 or US Dollar equivalent on the first day of the failure to pay the tax, royalty or remittance ; and

delivers or causes to be delivered to the relevant tax authority or any of its officers, any declaration, notice, certificate or other document being a document or statement produced or made for any purpose of tax, which is untrue, is liable –

(a) to an administrative penalty of 1,000,000 in addition to the payment
of the tax undercharged or not charged in consequence of the false declaration,
plus payment of the amount of tax unpaid or over payment made in respect of
any repayment ; or

(b) on conviction to a fine of 1,000,000 or to imprisonment not exceeding
three years or both in addition to payment of the amount of tax unpaid or over
payment made in respect of any repayment.

(2) A person that makes any statement in answer to any question or enquiry put to him by an officer which he is required to answer by or under this Act or any other law, being a document or statement produced or made for any purpose of tax, which is untrue, is liable –
(a) to an administrative penalty of 1,000,000 in addition to the payment of the tax undercharged or not charged in consequence of false declaration, plus payment of the amount of tax unpaid or over payment made in respect of any repayment ; or

(b) on conviction, to a fine of N1,000,000 or to imprisonment not exceeding three years or both in addition to payment of the amount of tax unpaid or over payment made in respect of any repayment.

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