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Section 195 Nigeria Tax Act 2025 Section 195 of the Nigeria Tax Act 2025 is about Power to make regulation. It provides as follows: The Service may, with the approval of the Minister, make regulations to give effect generally to the provisions of this Act.
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Section 194 Nigeria Tax Act 2025 Section 194 of the Nigeria Tax Act 2025 is about Supplemental. It provides as follows: (1) In this Act, references to incomes, profits or gains charged or chargeable to tax include references to profits, incomes or gains taxed or taxable by deduction at source. (2) For the purposes of…
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Section 193 Nigeria Tax Act 2025 Section 193 of the Nigeria Tax Act 2025 is about Waivers or refund of liability or expenses. It provides as follows: (1) Where a deduction has been allowed under the provisions of this Act in respect of any liability or any expense incurred and the liability is waived or…
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Section 192 Nigeria Tax Act 2025 Section 192 of the Nigeria Tax Act 2025 is about Transactions between related parties to be at arm’s length. It provides as follows: (1) A company involved in an arrangement with a related party shall –(a) ensure that the terms and conditions for which the arrangement is carried out…
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Section 191 Nigeria Tax Act 2025 Section 191 of the Nigeria Tax Act 2025 is about Artificial transactions. It provides as follows: (1) Where a relevant tax authority is of the opinion that a disposition is not given effect to, or that a transaction which reduces or may reduce the amount of tax payable, is…
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Section 190 Nigeria Tax Act 2025 Section 190 of the Nigeria Tax Act 2025 is about Business restructuring. It provides as follows: (1) The following rules shall apply in the event of restructuring of trades or businesses –(a) in the case of a merger of two or more trades or businesses –(i) a new trade…
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Section 189 Nigeria Tax Act 2025 Section 189 of the Nigeria Tax Act 2025 is about Interpretation. It provides as follows: For the purposes of this Part and Chapter Six of this Act – “agricultural seeds and seedlings” refer to seeds and seedlings forthe cultivation of agricultural plants and crops; “baby products” means products made…
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Section 188 Nigeria Tax Act 2025 Section 188 of the Nigeria Tax Act 2025 is about Exemption by order of the President. It provides as follows: Where, a government or an agency of a government in Nigeria has entered into an agreement with the government of another country or a donor agency for the provision…
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Section 187 Nigeria Tax Act 2025 Section 187 of the Nigeria Tax Act 2025 is about Taxable supplies chargeable at 0%. It provides as follows: Subject to paragraph 2 of the Thirtenth Schedule to this Act, the following taxable supplies are charged to VAT at the rate of 0% –(a) basic food items;(b) all medical…
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Section 186 Nigeria Tax Act 2025 Section 186 of the Nigeria Tax Act 2025 is about Exempt supplies. It provides as follows: (1) The following supplies are exempt from the VAT imposed under Chapter Six of this Act –(a) oil and gas exports; (b) crude petroleum oil and feed gas for all processed gas;(c) goods…