Section 190 Nigeria Tax Act 2025 Section 190 of the Nigeria Tax Act 2025 is about Business restructuring. It provides as follows: (1) The following rules shall apply in the event of restructuring of trades or businesses –(a) in the case of a merger of two or more trades or businesses –(i) a new trade…

Section 189 Nigeria Tax Act 2025 Section 189 of the Nigeria Tax Act 2025 is about Interpretation. It provides as follows: For the purposes of this Part and Chapter Six of this Act – “agricultural seeds and seedlings” refer to seeds and seedlings forthe cultivation of agricultural plants and crops; “baby products” means products made…

Section 188 Nigeria Tax Act 2025 Section 188 of the Nigeria Tax Act 2025 is about Exemption by order of the President. It provides as follows: Where, a government or an agency of a government in Nigeria has entered into an agreement with the government of another country or a donor agency for the provision…

Section 187 Nigeria Tax Act 2025 Section 187 of the Nigeria Tax Act 2025 is about Taxable supplies chargeable at 0%. It provides as follows: Subject to paragraph 2 of the Thirtenth Schedule to this Act, the following taxable supplies are charged to VAT at the rate of 0% –(a) basic food items;(b) all medical…

Section 186 Nigeria Tax Act 2025 Section 186 of the Nigeria Tax Act 2025 is about Exempt supplies. It provides as follows: (1) The following supplies are exempt from the VAT imposed under Chapter Six of this Act –(a) oil and gas exports; (b) crude petroleum oil and feed gas for all processed gas;(c) goods…

Section 185 Nigeria Tax Act 2025 Section 185 of the Nigeria Tax Act 2025 is about Exemption from stamp duties. It provides as follows: The following instruments shall be exempted from stamp duties under Chapter Eight of this Act –(a) transfer of shares in Government or legislative stocks or funds of Nigeria; (b) any instrument…

Section 184 Nigeria Tax Act 2025 Section 184 of the Nigeria Tax Act 2025 is about Interpretation. It provides as follows: In this Part – “Minister” means the Minister responsible for industry, trade and investment; “relevant authority” means the Industrial Inspectorate Department of the Federal Ministry of Industry, Trade and Investment; and “sunset” in the…

Section 183 Nigeria Tax Act 2025 Section 183 of the Nigeria Tax Act 2025 is about Exclusion from other reliefs and transition arrangements. It provides as follows: (1) Any company granted economic development tax credit, shall not benefit from a similar tax incentive under this Act or any other law. (2) Any company granted an…

Section 182 Nigeria Tax Act 2025 Section 182 of the Nigeria Tax Act 2025 is about Provisions for plantation industry. It provides as follows: (1) For the purposes of Chapter Two of this Act, the trade of a company which operates a plantation to which an economic development incentive certificate has been issued shall be…

Section 181 Nigeria Tax Act 2025 Section 181 of the Nigeria Tax Act 2025 is about Cancellation or discountenance of economic development tax credit. It provides as follows: (1) The Service may, not later than six years after the cancellation of an economic development incentive certificate, withdraw or discountenance an economic development tax credit granted…