Section 111 Nigeria Tax Administration Act 2025

Section 111 of the Nigeria Tax Administration Act 2025 is about Failure to disclose facts in a dutiable instrument. It provides as follows:

A person that fails, neglects or omits to fully disclose all the facts and circumstances relating to dutiable instrument or underpays any duty is liable, in addition to the payment of the duty due –

(a) to an administrative penalty of 100,000 ; or

(b) on conviction, to a fine of 50,000 or for a term of imprisonment not exceeding three years or both.

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