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Section 1 Recovery of Premises Act Section 1 Recovery of Premises Act 1945 is about Short title and application. It provides as follows: (1) This Act may be cited as the Recovery of Premises Short title and Act. (2) The Minister may, from time to time by order, declare that the provisions of this Act…
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Nigeria Tax Act 2025 An Act To Repeal The Capital Gains Tax Act, The Casino Act, The Companies Income Tax Act, The Deep Offshore And Inland Basin Production Sharing Contracts Act, The Industrial Development (Income Tax Relief) Act, Income Tax (Authorised Communications) Act, Personal Income Tax Act, Stamp Duties Act, Value Added Tax Act And…
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Section 203 Nigeria Tax Act 2025 Section 203 of the Nigeria Tax Act 2025 is about Citation. It provides as follows: This Act may be cited as the Nigeria Tax Act, 2025 and shall come into effect on the first day of January, 2026.
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Section 202 Nigeria Tax Act 2025 Section 202 of the Nigeria Tax Act 2025 is about General interpretation. It provides as follows: In this Act –“accelerator” is as defined in the Nigeria Startup Act, No. 32, 2022 ; “accounting period” means a period for which accounts have been made up ;“ad valorem” means the value…
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Section 201 Nigeria Tax Act 2025 Section 201 of the Nigeria Tax Act 2025 is about Conflict with other laws. It provides as follows: (1) Subject to the Constitution of the Federal Republic of Nigeria, this Act shall take precedence over any other law with regards to the imposition of tax, royalty, levy, surcharge on…
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Section 200 Nigeria Tax Act 2025 Section 200 of the Nigeria Tax Act 2025 is about Exercise of powers, duties and obligations. It provides as follows: The discharge of the duties and obligations, as well as the exercise of powers and rights conferred by this Act shall, to the extent not provided in this Act,…
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Section 199 Nigeria Tax Act 2025 Section 199 of the Nigeria Tax Act 2025 is about Savings provisions. It provides as follows: Without prejudice to the provision of section 6 of the Interpretation Act – (a) the repealed enactments specified in section 196 and the amended enactments specified in section 197 of this Act shall…
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Section 198 Nigeria Tax Act 2025 Section 198 of the Nigeria Tax Act 2025 is about Revocation and consequential amendment of subsidiary legislation. It provides as follows: (1) The Value Added Tax Act (Modification) Order, 2021 is revoked. (2) The Companies Income Tax (Significant Economic Presence) Order, 2020 is amended by deleting paragraph 2. (3)…
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Section 197 Nigeria Tax Act 2025 Section 197 of the Nigeria Tax Act 2025 is about Consequential amendments. It provides as follows: (1) The Petroleum Industry Act, No. 6, 2021 is amended by deleting –(a) Part I – X of Chapter Four;(b) the Fifth and Sixth Schedules; (c) paragraphs 6, 9, 10, 11 and 12,…
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Section 196 Nigeria Tax Act 2025 Section 196 of the Nigeria Tax Act 2025 is about Repeals. It provides as follows: From the commencement of this Act, the following enactments arerepealed (repealed enactments) –(a) Capital Gains Tax Act, Cap. C1, Laws of the Federation of Nigeria, 2004; (b) Casino Act, Cap. C3, Laws of the…