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The Roles of Banks Play Under the Nigeria Tax Act, 2025

less than 4 minsUnder the new Nigeria Tax Act, 2025, financial institutions now play an active role in tax collection, taxpayer identification and fiscal intelligence. 1. Now Statutory Agents The Nigeria Tax Act, 2025, gives explicit recognition to banks and other financial institutions as “tax intermediaries” under Sections 109–113. This means

The Roles of Banks Play Under the Nigeria Tax Act, 2025

less than 4 minsUnder the new Nigeria Tax Act, 2025, financial institutions now play an active role in tax collection, taxpayer identification and fiscal intelligence. 1. Now Statutory Agents The Nigeria Tax Act, 2025, gives explicit recognition to banks and other financial institutions as “tax intermediaries” under Sections 109–113. This means

Get smarter on business and trends.

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