-
Section 19 Nigeria Tax Administration Act 2025 Section 19 of the Nigeria Tax Administration Act 2025 is about Annual returns of petroleum royalty. It provides as follows: Every licensee or lessee shall file an annual return of actual royalty paid in an accounting period not later than five months from the end of the accounting…
-
Section 18 Nigeria Tax Administration Act 2025 Section 18 of the Nigeria Tax Administration Act 2025 is about Monthly returns of petroleum royalty. It provides as follows: (1) Every licensee or lessee engaged in petroleum operations, on the coming into effect of this law, or commencement of production, whichever is earlier, shall file a self-assessment…
-
Section 17 Nigeria Tax Administration Act 2025 Section 17 of the Nigeria Tax Administration Act 2025 is about Annual returns for upstream petroleum operations. It provides as follows: (1) Every company engaged in upstream petroleum operations including companies yet to commence bulk sales or disposal of chargeable oil,shall file with the Service its audited accounts…
-
Section 16 Nigeria Tax Administration Act 2025 Section 16 of the Nigeria Tax Administration Act 2025 is about Estimated returns for upstream petroleum operations. It provides as follows: (1) A company engaged in petroleum operations, shall submit to the Service an estimated returns of its profits or losses for that accounting period for the purpose…
-
Section 15 Nigeria Tax Administration Act 2025 Section 15 of the Nigeria Tax Administration Act 2025 is about Simplified annual income tax return. It provides as follows: Notwithstanding the provisions of section 14, a relevant tax authority may issue guidelines for the filing of a simplified income tax return by low income earners or persons…
-
Section 14 Nigeria Tax Administration Act 2025 Section 14 of the Nigeria Tax Administration Act 2025 is about Pay As You Earn. It provides as follows: (1) An employer shall file a return with the relevant tax authority for all emoluments paid to its employees, not later than 31 January of each year in respect…
-
Section 13 Nigeria Tax Administration Act 2025 Section 13 of the Nigeria Tax Administration Act 2025 is about Income tax returns for individuals. It provides as follows: (1) A return of income shall be filed, in the prescribed form, with the relevant tax authority in each year of assessment and without notice or demand, by…
-
Section 12 Nigeria Tax Administration Act 2025 Section 12 of the Nigeria Tax Administration Act 2025 is about Estimated income tax returns for companies engaged in liquefied natural gas. It provides as follows: (1) Not later than two months after the commencement of each accounting period of any midstream company engaged in liquefied natural gas,…
-
Section 11 Nigeria Tax Administration Act 2025 Section 11 of the Nigeria Tax Administration Act 2025 is about Income tax returns for companies. It provides as follows: (1) Every company, including a company granted exemption from incorporation, whether or not it is liable to pay tax under Nigeria Tax Act, 2025 or any other tax…
-
Section 10 Nigeria Tax Administration Act 2025 Section 10 of the Nigeria Tax Administration Act 2025 is about Suspension, deregistration and cancellation of Tax ID. It provides as follows: (1) Where a taxable person temporarily ceases to carry on a trade or business in Nigeria, the taxable person shall notify the relevant tax authority of…