Section 181

(1) The Service may, not later than six years after the cancellation Cancellation
of an economic development incentive certificate, withdraw or discountenance or discounte-
nance of
an economic development tax credit granted under this Part, except in the
economic
case of fraud where there is no limit to the time for the withdrawal of the
development
economic development tax credit. tax credit
A 488 2025 No. 7 Nigeria Tax Act, 2025
(2) Where an economic development tax credit is withdrawn or
discountenanced under subsection (1), the Service shall, within the time pre-
scribed under the Nigeria Tax Administration Act, 2025, issue notice of addi-
tional assessment to the company.