Section 27 Nigeria Tax Administration Act 2025

Section 27 of the Nigeria Tax Administration Act 2025 is about Tax Incentive Returns. It provides as follows:

(1) All taxable persons enjoying incentives administered by the relevant tax authorities, including incentives provided under Chapter Eight and section 60 of Nigeria Tax Act, 2025, shall, in addition to annual tax returns, submit annual tax incentives returns to the relevant tax authority in the form prescribed by the Service covering income tax and any incentive other than those which are generally available to all taxpayers.

(2) In the case of annual tax incentives returns filed by individuals, the tax authority in each State shall, within 60 days from the end of the due date for filing of the annual tax returns, transmit to the Service the annual tax incentives returns filed.

(3) The Service shall, while submitting its annual report to the Minister under Section 26 of the Nigerian Revenue Service Act, 2025, include the summary of the returns received under subsections (1) and (2).

(4) The Minister may issue a regulation for further administration of this section.

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