Section 78 Nigeria Tax Administration Act 2025

Section 78 of the Nigeria Tax Administration Act 2025 is about Power of the President to exempt companies from income tax. It provides as follows:

The President shall, subject to the approval of the National Assembly, exempt from income tax—

(a) any company or class of companies ; or

(b) any profits of any company or class of companies from any source, on any ground which appears to be sufficient, provided that the order is published in the Official Gazette to the company or the class of companies.

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