Section 56 Nigeria Tax Act 2025

Section 56 of the Nigeria Tax Act 2025 is about Rate of tax for companies. It provides as follows:

Tax shall be levied, for each year of assessment in respect of total profits of every company, in the case of –
(a) a small company, at 0%; and

(b) any other company, at the rate of 30 per cent from the commencement of this Act.

[/membership]