Section 56 Nigeria Tax Administration Act 2025

Section 56 of the Nigeria Tax Administration Act 2025 is about Value added tax refund. It provides as follows:

(1) A taxable person that qualifies for VAT refund shall make a request to the Service in the prescribed form.

(2) The request referred to in subsection (1) shall be made not later than 12 months after the transaction giving rise to the refund, otherwise it shall
lapse.

(3) Where a valid request is received from a taxable person, the Service shall not later than 30 days of the receipt of that request, refund the tax to the taxable person or the amount shall be eligible for set-off against any tax liability
of the taxpayer.

[/membership]