Section 20 Nigeria Tax Act 2025 Section 20 of the Nigeria Tax Act 2025 is about Deductions Allowed. It provides as follows: (1) Except where the provisions of section 18 of this Act or Part IX of Chapter Two apply, for the purposes of ascertaining the profits or loss from any trade, business, profession or…

Section 19 Nigeria Tax Act 2025 Section 19 of the Nigeria Tax Act 2025 is about Nigerian dividends received by Non-Resident persons. It provides as follows: (1) There shall be no further tax charged in respect of any dividend received by a non-resident from a Nigerian company other than tax deducted at source under the…

Section 18 Nigeria Tax Act 2025 Section 18 of the Nigeria Tax Act 2025 is about Non-resident person engaged in shipping or air transport. It provides as follows: (1) Where a non-resident person carries on the business of transport by sea or air, and any ship or aircraft owned, leased or chartered by it calls…

Section 17 Nigeria Tax Act 2025 Section 17 of the Nigeria Tax Act 2025 is about Non-Resident person. It provides as follows: (1) The income, profits or gains of a non-resident person accruing in, or derived from Nigeria are chargeable to tax in accordance with the provisions of this Act. (2) Gains derived by a…

Section 16 Nigeria Tax Act 2025 Section 16 of the Nigeria Tax Act 2025 is about Settlements, trusts and estates. It provides as follows: The income of an individual, a trustee or executor from a settlement, trust, or estate of a deceased person, made, created or administered in or outside Nigeria, shall be ascertained in…

Section 15 Nigeria Tax Act 2025 Section 15 of the Nigeria Tax Act 2025 is about Partnership of individuals. It provides as follows: (1) The gains or profits of a partner from a partnership shall be the sum of – (a) any remuneration, interest on capital, cost of passages wholly or mainly undertaken for the…

Section 14 Nigeria Tax Act 2025 Section 14 of the Nigeria Tax Act 2025 is about Benefits-in-kind. It provides as follows: (1) Where an employer incurs an expense in the provision of any benefit or perquisite, other than the provision of living accommodation to which this section relates, the following provisions shall apply –(a) where…

Section 13 Nigeria Tax Act 2025 Section 13 of the Nigeria Tax Act 2025 is about Employment income. It provides as follows: (1) The income, gain or profit from an employment is derived from Nigeria where –(a) the employee is a resident of Nigeria ; or (b) the duties of the employment are wholly or…

Section 12 Nigeria Tax Act 2025 Section 12 of the Nigeria Tax Act 2025 is about Resident individual. It provides as follows: The income, gains or profits of an individual who is a resident of Nigeria are deemed to accrue in Nigeria and are chargeable to tax in Nigeria wherever they arise, and whether or…

Section 11 Nigeria Tax Act 2025 Section 11 of the Nigeria Tax Act 2025 is about Partnership of companies. It provides as follows: (1) Where two or more companies carry out a trade or business in a partnership, joint venture or a similar arrangement in Nigeria, any income or profit arising therefrom shall constitute a…