Section 198

(1) The Value Added Tax Act (Modification) Order, 2021 is revoked.
and
consequen- (2) The Companies Income Tax (Significant Economic Presence) Order,
tial amend-
is amended by deleting paragraph 2.
ment of
subsidiary (3) The Petroleum (Drilling and Production) Regulations, 1969 is amended
legislation
by deleting regulations 60B, 60C, 61(1), (2), (4), and 62.
Savings 199. Without prejudice to the provision of section 6 of the Interpretation
provisions
Act –
(a) the repealed enactments specified in section 196 and the amended
enactments specified in section 197 of this Act shall not affect anything
done under the enactments;
(b) a notice, guideline, rule, order, regulation, circular or other subsidiary
legislations made or issued under any provision of the repealed or amended
enactments by this Act, shall continue to be in force as if they had been
made or issued by the relevant authority or person under this Act except to
the extent that it is inconsistent with the provisions of this Act;
(c) an enforcement process or legal proceedings commenced or pending
prior to the commencement of this Act, in connection with imposition of tax,
contravention or non-compliance with the repealed or amended enactments,
shall continue and be disposed of, as if it was commenced under this Act;
and
(d) anything made or done, or having effect as if made or done, before
the date of commencement of this Act under any provision of the repealed
or amended enactments by the relevant tax authority, and having any
continuing or resulting effect with respect to the taxation of a taxable person
or any matter connected, shall be treated as if it was done or performed by
the relevant tax authority under this Act.
Exercise of 200. The discharge of the duties and obligations, as well as the exercise
powers, of powers and rights conferred by this Act shall, to the extent not provided in
duties and
this Act, be in accordance with the provisions of the Nigeria Tax Administration
obligations
Act, 2025.