Section 20 Nigeria Tax Administration Act 2025

Section 20 of the Nigeria Tax Administration Act 2025 is about Monthly returns of mineral royalty. It provides as follows:

(1) Every person engaged in the trade or business of mining shall, upon the coming into effect of this Act or upon commencement of operations –

(a) file a monthly self-assessment return of minerals royalty with the Service in the prescribed form ; and
(b) pay the correct royalty due to the government on the minerals sold or used at the prescribed rate in the Seventh schedule to the Nigeria Tax Act, 2025.

(2) The returns of royalty for each month shall be filed on or before the 21st day of the following month, and shall be accompanied by the following –
(a) registered number of quarrying or mining licences ;
(b) type of mineral and weight ;

(c) location and labour used ;
(d) quarriable minerals in metric tons or cubic metres ;
(e) quantity of mineral won, sold, used and left on hand ;
(f) buyers of minerals ;

(g) computation of royalty payable on the mineral won, used or sold ;
(h) duly completed royalty self-assessment form ;
(i) evidence of payment of royalty due ;

(j) a declaration signed by an authorised officer of the company, stating that the returns, schedules, statements and other information given is correct and complete to the best of the person’s knowledge ; and

(k) such other information as may be required from time to time by the Service.

(3) The Service shall review the royalty returns filed and may reassess, where necessary, the royalty payable and any additional royalty shall be paid within 30 days of service of a notice of assessment of such additional royalty.

(4) The provisions of this Act as to notice of assessment, additional
assessment, appeals and other proceedings, shall apply to an assessment or
additional assessment made under this section.

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