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Nigeria Tax Act 2025 · Chapter 2 · Part VIII

Section 47Indirect transfer of ownership of companies or assets

Gains accruing to any person in respect of a disposal of shares by a non-resident shall be a chargeable gain under this Act where the disposal results into a change —
(a)
in the ownership structure or group membership of any Nigerian company ; or
(b)
of ownership of, title in, or interest in any asset located in Nigeria.
Cite as: Nigeria Tax Act 2025, section 47

Source: Nigeria Tax Act, 2025 (Act No. 7 of 2025), Official Gazette No. 117, Lagos, 26 June 2025. General information, not legal advice.