Section 39 Nigeria Tax Administration Act 2025

Section 39 of the Nigeria Tax Administration Act 2025 is about Currency of assessment and payment. It provides as follows:

(1) Notwithstanding the provisions of any other law, tax shall be assessed in the currency of transaction.

(2) Tax, including royalty, assessed in a currency other than the Nigerian Naira shall be paid in that currency.

(3) In the case of any return under this Act relating to petroleum operations, all computations relating to tax shall be in US Dollars.

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