Section 47 Nigeria Tax Act 2025

Section 47 of the Nigeria Tax Act 2025 is about Indirect transfer of ownership of companies or assets. It provides as follows:

Gains accruing to any person in respect of a disposal of shares by a non-resident shall be a chargeable gain under this Act where the disposal results into a change –

(a) in the ownership structure or group membership of any Nigerian company; or

(b) of ownership of, title in, or interest in any asset located in Nigeria.

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