Section 180 Nigeria Tax Act 2025 Section 180 of the Nigeria Tax Act 2025 is about Returns of profits. It provides as follows: (1) All the relevant provisions of Chapter Two of this Act and the Nigeria Tax Administration Act, 2025, including the filing of returns, shall apply to a company granted economic development incentive…

Section 179 Nigeria Tax Act 2025 Section 179 of the Nigeria Tax Act 2025 is about Books and records for priority products. It provides as follows: (1) Where a priority company carries on a non-priority business, the company shall maintain separate records of income and books of account for each business. (2) The records of…

Section 178 Nigeria Tax Act 2025 Section 178 of the Nigeria Tax Act 2025 is about Economic development incentive period. It provides as follows: The incentive period of a priority company shall commence on the production day of the company, and subject to sections 170, 171 and 174 of this Act, shall be for a…

Section 177 Nigeria Tax Act 2025 Section 177 of the Nigeria Tax Act 2025 is about Economic development tax credit. It provides as follows: (1) The tax payable on the profits of a priority product or service in any year of assessment during the priority period of a company, computed in accordance with the provisions…

Section 176 Nigeria Tax Act 2025 Section 176 of the Nigeria Tax Act 2025 is about Publication of economic development incentive certificate. It provides as follows: The NIPC shall cause to be published in the Official Gazette –(a) the name of any company to which an economic development incentive certificate has been issued and the…

Section 175 Nigeria Tax Act 2025 Section 175 of the Nigeria Tax Act 2025 is about Information. It provides as follows: The NIPC, Federal Ministry of Industry Trade and Investment or the Service may require a priority company to provide information on – (a) the local production costs and factory prices of the products of…

Section 174 Nigeria Tax Act 2025 Section 174 of the Nigeria Tax Act 2025 is about Cancellation of economic development incentive certificate. It provides as follows: (1) The NIPC shall cancel an economic development incentive certificate –(a) on the application of the priority company concerned;(b) on the cessation of the priority business or the company…

Section 173 Nigeria Tax Act 2025 Section 173 of the Nigeria Tax Act 2025 is about Production day and qualifying capital expenditure. It provides as follows: (1) A company issued an economic development incentive certificateshall, not later than one month after its production day, apply to the relevant authority to certify its production day. (2)…

Section 172 Nigeria Tax Act 2025 Section 172 of the Nigeria Tax Act 2025 is about Application of economic development incentive certificate. It provides as follows: (1) Subject to the provision of section 173 of this Act, where an economic development incentive certificate is issued to a company and the provisions of Chapter Two of…

Section 171 Nigeria Tax Act 2025 Section 171 of the Nigeria Tax Act 2025 is about Addition of product to the economic development incentive certificate. It provides as follows: (1) A priority company may, at any time during its incentive period, make an application in writing to the Executive Secretary of the NIPC for its…