Section 162 Nigeria Tax Act 2025

Section 162 of the Nigeria Tax Act 2025 is about Exemption from surcharge. It provides as follows:

(1) The surcharge under this Chapter shall not apply to the following fossil fuel products –
(a) clean or renewable energy products;

(b) household kerosene;

(c) cooking gas; and
(d) compressed natural gas (CNG).

(2) For the purpose of this section, “clean or renewable energy” means energy from solar, wind, hydropower, geothermal or plant and animal waste, which are naturally replenishing, produce little or no environmental pollution or greenhouse gas emissions, and do not deplete over time.

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