Section 160
Section 160 of 206•Federal Republic of Nigeria
(1) For the purpose of imposing surcharge on fossil fuel product, the Chargeable
transaction
chargeable transaction shall be the supply, sale or payment whichever occurs
and base for
first.
surcharge
A 476 2025 No. 7 Nigeria Tax Act, 2025
(2) Surcharge shall be computed based on the retail price of all chargeable
fossil fuel products.
Cite this section
Section 160, NIGERIA TAX ACT, 2025.
https://repo.podus.ai/laws/nigeria-tax-act/section/160/