Section 45 Nigeria Tax Administration Act 2025 Section 45 of the Nigeria Tax Administration Act 2025 is about Liability of manager or principal officer. It provides as follows: A manager or principal officer of a company shall be liable for doing all such acts, matters and things as are required to be done by virtue…

Section 44 Nigeria Tax Administration Act 2025 Section 44 of the Nigeria Tax Administration Act 2025 is about List of taxable persons assessed. It provides as follows: (1) The relevant tax authority shall maintain assessment lists of taxable persons assessed to tax. (2) The assessment lists shall contain –(a) the names and addresses of the…

Section 43 Nigeria Tax Administration Act 2025 Section 43 of the Nigeria Tax Administration Act 2025 is about Assessments to be final and conclusive. It provides as follows: (1) Where –(a) no valid objection or appeal has been lodged within the time stipulated under this Act, against an assessment as regards the amount of the…

Section 42 Nigeria Tax Administration Act 2025 Section 42 of the Nigeria Tax Administration Act 2025 is about Errors and defects in assessment and notice. It provides as follows: (1) An assessment, notice, warrant or other proceeding purporting to be made in accordance with this Act shall not be invalidated for want of form or…

Section 41 Nigeria Tax Administration Act 2025 Section 41 of the Nigeria Tax Administration Act 2025 is about Revision of assessment in case of objection. It provides as follows: (1) Where a taxable person disputes a tax assessment, the taxable person may, by a written notice of objection delivered in person, by courier service or…

Section 40 Nigeria Tax Administration Act 2025 Section 40 of the Nigeria Tax Administration Act 2025 is about Service of notice of assessment. It provides as follows: The relevant tax authority shall cause to be served on, or sent by registered post, courier service or electronic means to each taxable person, or person in whose…

Section 39 Nigeria Tax Administration Act 2025 Section 39 of the Nigeria Tax Administration Act 2025 is about Currency of assessment and payment. It provides as follows: (1) Notwithstanding the provisions of any other law, tax shall be assessed in the currency of transaction. (2) Tax, including royalty, assessed in a currency other than the…

Section 38 Nigeria Tax Administration Act 2025 Section 38 of the Nigeria Tax Administration Act 2025 is about Deemed profit assessment or income assessment. It provides as follows: (1) Where a business produces either no assessable profit or an assessable profit which is less than expected from that business, or the true amount of the…

Section 37 Nigeria Tax Administration Act 2025 Section 37 of the Nigeria Tax Administration Act 2025 is about Making of assessment of tax in upstream petroleum operations. It provides as follows: (1) Assessments of tax in upstream petroleum operations shall be made in a form and in such manner as the Service shall prescribe and…

Section 36 Nigeria Tax Administration Act 2025 Section 36 of the Nigeria Tax Administration Act 2025 is about Additional assessments. It provides as follows: (1) Where the relevant tax authority discovers or is of the opinion, at any time, that any taxable person liable to tax has not been assessed or has been assessed at…