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Section 145 Nigeria Tax Act 2025 Section 145 of the Nigeria Tax Act 2025 is about Charge of VAT. It provides as follows: Subject to the exemptions in Part IV of Chapter Eight of this Act, VAT shall be paid on all taxable supplies in Nigeria.
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Section 144 Nigeria Tax Act 2025 Section 144 of the Nigeria Tax Act 2025 is about Imposition of value added tax. It provides as follows: Value Added Tax (VAT) is imposed in accordance with the provisions of Chapter Six of this Act.
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Section 143 Nigeria Tax Act 2025 Section 143 of the Nigeria Tax Act 2025 is about Provisions on non-monetary consideration. It provides as follows: Where an instrument chargeable with ad valorem duty consists of non-monetary consideration, the value shall be deemed as the market value of the consideration or part thereof.
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Section 142 Nigeria Tax Act 2025 Section 142 of the Nigeria Tax Act 2025 is about Duty relating to multiple instruments covering same transaction. It provides as follows: (1) Where multiple instruments chargeable with advalorem duties are executed for effecting the same transaction, only one of the instruments, as may be determined by the relevant…
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Section 141 Nigeria Tax Act 2025 Section 141 of the Nigeria Tax Act 2025 is about Duty relating to one instrument covering multiple transactions. It provides as follows: Where an instrument contains or relates to more than one transaction or several distinct matters, each transaction or distinct matter shall be charged to duty separately.
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Section 140 Nigeria Tax Act 2025 Section 140 of the Nigeria Tax Act 2025 is about Duplicates and counterparts. It provides as follows: The duplicate or counterpart of an instrument chargeable with duty shall not be deemed duly stamped, unless it is stamped as an original instrument or certified by the relevant tax authority that…
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Section 139 Nigeria Tax Act 2025 Section 139 of the Nigeria Tax Act 2025 is about Appraisements. It provides as follows: (1) Every appraisement or valuation carried out for the purpose of ascertaining the value of a real property is subject to duty, which shall be accounted for by the appraiser. (2) For the purpose…
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Section 138 Nigeria Tax Act 2025 Section 138 of the Nigeria Tax Act 2025 is about Marketable security. It provides as follows: An instrument made for the purpose of issuing marketable securities by or on behalf of a company or body of persons, corporate or unincorporated, formed or established in Nigeria shall be subject to…
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Section 137 Nigeria Tax Act 2025 Section 137 of the Nigeria Tax Act 2025 is about Duty on loan capital. It provides as follows: (1) The loan capital of a company shall be charged with ad valorem duty, as specified in the Ninth Schedule to this Act. (2) “loan capital” means any debenture stock, other…
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Section 136 Nigeria Tax Act 2025 Section 136 of the Nigeria Tax Act 2025 is about Duty on share capital. It provides as follows: The share capital of a company shall be charged with an ad valorem duty, as specified in the Ninth Schedule to this Act, of the amount of such capital, or increase…