Section 123

For purpose of Chapter Four of this Act –
Interpreta-
tion
"foreign tax" means any tax paid to a treaty partner and covered by an
agreement with the treaty partner;
"foreign profit" means a profit liable to tax under this Act and to a
treaty partner;
"foreign income" means an income liable to tax under this Act and to a
treaty partner;
"Nigerian tax" means income tax chargeable under this Act;
"total income" means the income or profits of a Nigerian resident includ-
ing the foreign income; and
"treaty partner'' means a country with which Nigeria has an agreement
for the relief of double taxation.
CHAPTER 5
TAXATION OF DUTIABLE INSTRUMENTS
PART I - IMPOSITION OF STAMP DUTIES