Section 182 Nigeria Tax Act 2025

Section 182 of the Nigeria Tax Act 2025 is about Provisions for plantation industry. It provides as follows:

(1) For the purposes of Chapter Two of this Act, the trade of a company which operates a plantation to which an economic development incentive certificate has been issued shall be deemed to have commenced on the date when the planting first reaches commercial production.

(2) Expenditure incurred on the maintenance of a planted area up to the date specified in subsection (1) is deemed to have brought an asset into existence, and the expenditure shall be qualifying plantation expenditure on the date the business commenced, for the purposes of Part I of the First Schedule
to this Act.