THE NIGERIA TAX ACT, 2025

NIGERIA TAX ACT, 2025

An Act to repeal the Capital Gains Tax Act, the Casino Act, the Companies Income Tax Act, the Deep Offshore and Inland Basin Production Sharing Contracts Act, the Industrial Development (Income Tax Relief) Act, Income Tax (Authorised Communications) Act, Personal Income Tax Act, Stamp Duties Act, Value Added Tax Act and the Venture Capital (Incentives) Act to amend the Nigeria Export Processing Zones Act, the Oil and Gas Free Trade Zone Act, the National Information Technology Development Agency Act, Petroleum Industry Act, Tertiary Education Trust Fund (Establishment, etc.) Act, the National Agency for Science and Engineering Infrastructure Act, the Customs, Excise Tariffs, etc. (Consolidation) Act, the National Lottery Act, the Nigerian Minerals and Mining Act, the Nigeria Start-up Act, the Export (Incentives and Miscellaneous Provisions) Act, the Cybercrime (Prohibition, Prevention, etc.) Act, to revoke the Value Added Tax Act (Modification) Order 2021, to amend the Companies Income Tax (Significant Economic Presence) Order, 2020 and the Petroleum (Drilling and Production) Regulations 1969, to consolidate the legal frameworks relating to taxation and enact the Nigeria Tax Act to provide for taxation of income, transactions and instruments; and for related matters.

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[Commencement]       [1^ST JANUARY, 2016]

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ENACTED by the National Assembly of the Federal Republic of Nigeria —

CHAPTER ONE — OBJECTIVE AND APPLICATION

1. Objective

The objective of this Act is to provide a unified fiscal legislation governing taxation in Nigeria.