Section 24 Joint Revenue Board of Nigeria (Establishment) Act 2025 Section 24 of the Joint Revenue Board of Nigeria (Establishment) Act 2025 is about Composition of the Tribunal. It provides as follows: (1) The Tribunal shall consist of five members (in this Act referred to as ”Tax Appeal Commissioners”) to be appointed by the Minister.…

Section 23 Joint Revenue Board of Nigeria (Establishment) Act 2025 Section 23 of the Joint Revenue Board of Nigeria (Establishment) Act 2025 is about Establishment of Tax Appeal Tribunal. It provides as follows: (1) There is established, the Tax Appeal Tribunal (in this Act referred to as “the Tribunal”) to exercise the jurisdiction and powers…

Section 22 Joint Revenue Board of Nigeria (Establishment) Act 2025 Section 22 of the Joint Revenue Board of Nigeria (Establishment) Act 2025 is about Accountability. It provides as follows: The Executive Secretary of the Board shall –(a) keep proper accounting records, in a manner as may be determined by the Board or relevant law, in…

Section 21 Joint Revenue Board of Nigeria (Establishment) Act 2025 Section 21 of the Joint Revenue Board of Nigeria (Establishment) Act 2025 is about Tax exemptions. It provides as follows: The Board shall be exempt from all taxes on income imposed under any law in Nigeria, except with respect to its obligations to deduct and…

Section 20 Joint Revenue Board of Nigeria (Establishment) Act 2025 Section 20 of the Joint Revenue Board of Nigeria (Establishment) Act 2025 is about Power to borrow. It provides as follows: The Board may, with the approval of the National Economic Council, borrow by way of loan, overdraft or otherwise from any source, such sums…

Section 19 Joint Revenue Board of Nigeria (Establishment) Act 2025 Section 19 of the Joint Revenue Board of Nigeria (Establishment) Act 2025 is about Power to accept gifts. It provides as follows: The Board may accept gifts of land, money, aids or other assets, provided that the terms and conditions of the acceptance are consistent…

Section 18 Joint Revenue Board of Nigeria (Establishment) Act 2025 Section 18 of the Joint Revenue Board of Nigeria (Establishment) Act 2025 is about Annual report. It provides as follows: The Executive Secretary shall, not later than 30 September in each year, submit to the Board a report of its activities during the preceding year…

Section 17 Joint Revenue Board of Nigeria (Establishment) Act 2025 Section 17 of the Joint Revenue Board of Nigeria (Establishment) Act 2025 is about Accounts and audit. It provides as follows: The Board shall keep proper accounts and records, and such accounts shall, not later than six months after the end of each year, be…

Section 16 Joint Revenue Board of Nigeria (Establishment) Act 2025 Section 16 of the Joint Revenue Board of Nigeria (Establishment) Act 2025 is about Estimates. It provides as follows: The Executive Secretary shall cause to be prepared, not later than 30 September in each year, an estimate of the income and expenditure of the Board…

Section 15 Joint Revenue Board of Nigeria (Establishment) Act 2025 Section 15 of the Joint Revenue Board of Nigeria (Establishment) Act 2025 is about Expenditure of the Board. It provides as follows: There shall be chargeable to the Fund –(a) the cost of administration of the Board ; (b) emoluments and allowances payable to the…