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Section 175 Nigeria Tax Act 2025 Section 175 of the Nigeria Tax Act 2025 is about Information. It provides as follows: The NIPC, Federal Ministry of Industry Trade and Investment or the Service may require a priority company to provide information on – (a) the local production costs and factory prices of the products of…
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Section 174 Nigeria Tax Act 2025 Section 174 of the Nigeria Tax Act 2025 is about Cancellation of economic development incentive certificate. It provides as follows: (1) The NIPC shall cancel an economic development incentive certificate –(a) on the application of the priority company concerned;(b) on the cessation of the priority business or the company…
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Section 173 Nigeria Tax Act 2025 Section 173 of the Nigeria Tax Act 2025 is about Production day and qualifying capital expenditure. It provides as follows: (1) A company issued an economic development incentive certificateshall, not later than one month after its production day, apply to the relevant authority to certify its production day. (2)…
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Section 172 Nigeria Tax Act 2025 Section 172 of the Nigeria Tax Act 2025 is about Application of economic development incentive certificate. It provides as follows: (1) Subject to the provision of section 173 of this Act, where an economic development incentive certificate is issued to a company and the provisions of Chapter Two of…
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Section 171 Nigeria Tax Act 2025 Section 171 of the Nigeria Tax Act 2025 is about Addition of product to the economic development incentive certificate. It provides as follows: (1) A priority company may, at any time during its incentive period, make an application in writing to the Executive Secretary of the NIPC for its…
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Section 170 Nigeria Tax Act 2025 Section 170 of the Nigeria Tax Act 2025 is about Terms of economic development incentive certificate. It provides as follows: (1) Every economic development incentive certificate shall be in accordance with the terms and conditions stipulated in this Part. (2) An economic development incentive certificate shall specify –(a) conditions…
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Section 169 Nigeria Tax Act 2025 Section 169 of the Nigeria Tax Act 2025 is about Approval of application. It provides as follows: (1) A company whose application has been approved in line with section 168 of this Act, shall be issued an economic development incentive certificate. (2) Where a sector is removed from the…
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Section 168 Nigeria Tax Act 2025 Section 168 of the Nigeria Tax Act 2025 is about Application for economic development incentive certificate. It provides as follows: (1) Subject to the provisions of this Part, every application for economic development incentive certificate shall be addressed to the ExecutiveSecretary of the Nigerian Investment Promotion Commission (NIPC), andshall…
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Section 167 Nigeria Tax Act 2025 Section 167 of the Nigeria Tax Act 2025 is about Eligibility for economic development incentive certificate. It provides as follows: (1) An application for economic development incentive certificate may be made by a company incorporated in Nigeria, companies granted exemption from incorporation or by promoters of a company which…
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Section 166 Nigeria Tax Act 2025 Section 166 of the Nigeria Tax Act 2025 is about Priority sectors. It provides as follows: (1) The sectors listed in the Tenth Schedule to this Act are classified as priority sectors for the purposes of economic development tax incentives. (2) The period of incentives for any priority sector…