Section 142 Nigeria Tax Act 2025

Section 142 of the Nigeria Tax Act 2025 is about Duty relating to multiple instruments covering same transaction. It provides as follows:

(1) Where multiple instruments chargeable with advalorem duties are executed for effecting the same transaction, only one of the instruments, as may be determined by the relevant tax authority, shall be charged with the ad valorem duty.

(2) Any other instrument referred to in subsection (1) shall be stamped as counterparts at flat rates prescribed in the Nineth Schedule to this Act.