Section 140 Nigeria Tax Act 2025 Section 140 of the Nigeria Tax Act 2025 is about Duplicates and counterparts. It provides as follows: The duplicate or counterpart of an instrument chargeable with duty shall not be deemed duly stamped, unless it is stamped as an original instrument or certified by the relevant tax authority that…

Section 139 Nigeria Tax Act 2025 Section 139 of the Nigeria Tax Act 2025 is about Appraisements. It provides as follows: (1) Every appraisement or valuation carried out for the purpose of ascertaining the value of a real property is subject to duty, which shall be accounted for by the appraiser. (2) For the purpose…

Section 138 Nigeria Tax Act 2025 Section 138 of the Nigeria Tax Act 2025 is about Marketable security. It provides as follows: An instrument made for the purpose of issuing marketable securities by or on behalf of a company or body of persons, corporate or unincorporated, formed or established in Nigeria shall be subject to…

Section 137 Nigeria Tax Act 2025 Section 137 of the Nigeria Tax Act 2025 is about Duty on loan capital. It provides as follows: (1) The loan capital of a company shall be charged with ad valorem duty, as specified in the Ninth Schedule to this Act. (2) “loan capital” means any debenture stock, other…

Section 136 Nigeria Tax Act 2025 Section 136 of the Nigeria Tax Act 2025 is about Duty on share capital. It provides as follows: The share capital of a company shall be charged with an ad valorem duty, as specified in the Ninth Schedule to this Act, of the amount of such capital, or increase…

Section 135 Nigeria Tax Act 2025 Section 135 of the Nigeria Tax Act 2025 is about Leases. It provides as follows: An agreement for a lease, with respect to the letting of land or building, shall be subject to duty on grant of a lease or sublease, or the assignment of a lease, and shall…

Section 134 Nigeria Tax Act 2025 Section 134 of the Nigeria Tax Act 2025 is about Provisions as to exchange. It provides as follows: Where there is an exchange of a real property for another, any consideration exceeding 1,000,000 or a sum equal to the annual national minimum wage, whichever is higher, shall be charged…

Section 133 Nigeria Tax Act 2025 Section 133 of the Nigeria Tax Act 2025 is about Duty on transfer of mineral assets. It provides as follows: An agreement for the transfer of mineral assets of any kind whatsoever or interest therein, shall be charged with duty and payable as specified in the Eighth Schedule to…

Section 132 Nigeria Tax Act 2025 Section 132 of the Nigeria Tax Act 2025 is about Conveyance in consideration of a debt. It provides as follows: Where a property is conveyed to a person in consideration, wholly or in part, of a debt due to the person, the debt shall be deemed the consideration in…

Section 131 Nigeria Tax Act 2025 Section 131 of the Nigeria Tax Act 2025 is about Conveyance on sale. It provides as follows: Every transfer of interest or rights in real property shall be subject to duty under this section as conveyance on sale.