Tax Act reveals penalties up to N10,000,000, 10 years jail term, amidst others

    Ezinne Nnorom | TAX | Dec 05, 2025    
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The days of treating tax non-compliance as a purely administrative matter are over, as Nigeria’s new tax legislation introduces a couple of stringent penalties, including N10,000,000 liable to non compliance by Virtual asset service providers and the prospect of imprisonment for up to 10 years for physically assaulting a tax officer.

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