Section 154 Nigeria Tax Act 2025

Section 154 of the Nigeria Tax Act 2025 is about Collection of VAT by taxable person. It provides as follows:

(1) A taxable person shall, on making taxable supplies under Chapter Six of this Act, collect VAT at the rate specified in section 148 of this Act.

(2) The VAT collected by a taxable person under subsection (1) shall be known as output VAT.