Section 25 Nigeria Tax Administration Act 2025 Section 25 of the Nigeria Tax Administration Act 2025 is about Returns for Virtual Assets Service Providers. It provides as follows: (1) A taxable person engaged in services related to the exchange, custody or management of virtual assets as a Virtual Asset Service Provider (VASP) shall, with or…

Section 24 Nigeria Tax Administration Act 2025 Section 24 of the Nigeria Tax Administration Act 2025 is about Returns of surcharge. It provides as follows: (1) A taxable person engaged in the provision of relevant services shall, in respect of surcharge imposed under Chapter Seven of the Nigeria Tax Act, 2025, submit a return to…

Section 23 Nigeria Tax Administration Act 2025 Section 23 of the Nigeria Tax Administration Act 2025 is about Value added tax fiscalisation system. It provides as follows: (1) Where the Service deploys an Electronic Fiscal System (EFS), any person making a taxable supply shall use the EFS for recording and reporting all supplies. (2) Taxable…

Section 22 Nigeria Tax Administration Act 2025 Section 22 of the Nigeria Tax Administration Act 2025 is about Returns for value added tax. It provides as follows: (1) A taxable person shall, in respect of value added tax, with or without a notice, and whether or not an economic activity has taken place, submit a…

Section 21 Nigeria Tax Administration Act 2025 Section 21 of the Nigeria Tax Administration Act 2025 is about Monthly returns by non-residents shipping and airline companies. It provides as follows: (1) A non-resident person engaged in the operation of transport by sea or air into Nigeria, shall file monthly returns with evidence of payment of…

Section 20 Nigeria Tax Administration Act 2025 Section 20 of the Nigeria Tax Administration Act 2025 is about Monthly returns of mineral royalty. It provides as follows: (1) Every person engaged in the trade or business of mining shall, upon the coming into effect of this Act or upon commencement of operations – (a) file…

Section 19 Nigeria Tax Administration Act 2025 Section 19 of the Nigeria Tax Administration Act 2025 is about Annual returns of petroleum royalty. It provides as follows: Every licensee or lessee shall file an annual return of actual royalty paid in an accounting period not later than five months from the end of the accounting…

Section 18 Nigeria Tax Administration Act 2025 Section 18 of the Nigeria Tax Administration Act 2025 is about Monthly returns of petroleum royalty. It provides as follows: (1) Every licensee or lessee engaged in petroleum operations, on the coming into effect of this law, or commencement of production, whichever is earlier, shall file a self-assessment…

Section 17 Nigeria Tax Administration Act 2025 Section 17 of the Nigeria Tax Administration Act 2025 is about Annual returns for upstream petroleum operations. It provides as follows: (1) Every company engaged in upstream petroleum operations including companies yet to commence bulk sales or disposal of chargeable oil,shall file with the Service its audited accounts…

Section 16 Nigeria Tax Administration Act 2025 Section 16 of the Nigeria Tax Administration Act 2025 is about Estimated returns for upstream petroleum operations. It provides as follows: (1) A company engaged in petroleum operations, shall submit to the Service an estimated returns of its profits or losses for that accounting period for the purpose…