Arrangement of Sections
PART I
Imposition of tax and income chargeable
1. Imposition of tax.
2. Persons on whom tax is to be imposed.
3. Record of deduction.
4. General provisions as to valuation of benefits.
5. Valuation as to living accommodation.
6. Business or trade only partially carried on or deemed to be carried on in Nigeria.
7. Relevant tax authority may assess and charge tax on the turnover of a business, etc.
8. Partnership.
9. Agricultural, etc., profit.
10. Employment.
11. Tax credit allowable against tax payable on income derived from outside Nigeria.
12. Nigerian dividends.
13. Foreign income.
14. Interest.
15. Territory in which dividend or interest paid by a Nigerian company arises.
16. Settlement, trusts and estates.
17. Artificial transactions.
18. Certain appeals.
19. Income exempted.
PART II
Ascertainment of income
20. Deduction allowed.
21. Deductions not allowed.
22. Waiver of refund of liability or expense.
PART III
Ascertainment of assessable income
23. Basis for computing assessable income.
24. New trades.
25. Cessation of trades, etc.
26. Employment and pensions.
27. Trusts and estates.
28. Itinerant workers.
29. Continuity of trades, etc.
30. Apportionment of income.
31. Receipts and payment after cessation of trade, etc.
32. Ascertainment of chargeable income.
33. Personal relief and relief for children, dependants.
34. Deductions to be claimed.
35. Proof of claims.
PART IV
Ascertainment of total income
36. Total income from all sources.
PART V
Rate of tax and double taxation
37. Charge of income tax.
38. Avoidance of double taxation arrangement.
39. Method of calculating relief to be allowed for double taxation.
PART VI
Persons chargeable and returns
40. Persons chargeable and returns.
41. Returns by taxable person.
42. Place of an offence.
43. Returns not to be filed where income is N30,000 or less.
44. Self-assessment by individual.
45. Bonus for early tiling of self-assessment returns.
46. Power to call for further returns.
47. Power to call for returns, books, documents and information.
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