Section 201

(1) Subject to the Constitution of the Federal Republic of Nigeria,
with other this Act shall take precedence over any other law with regards to the imposition
laws
of tax, royalty, levy, surcharge on services and fossil fuel or any other tax,
and where the provisions of any other law is inconsistent with the provisions of
this Act, the provisions of this Act shall prevail and the provisions of that other
law shall, to the extent of the inconsistency, be void.
(2) Notwithstanding the provisions contained in any other law –
(a) taxable income, allowable deductions, reliefs or allowances for the
purposes of ascertaining tax due shall be determined only in accordance
with this Act;
Nigeria Tax Act, 2025 2025 No. 7 A 501
(b) any income or profits, gains, assets or transaction which is chargeable
to tax under this Act shall not be subject to any other tax of a similar nature
imposed on the same taxpayer or tax base; and
(c) the Minister may issue regulations or guidelines published in the Official
Gazette for the effective implementation of this subsection.
(3) A person or agency of Government saddled with a duty or obligation
under this Act or under any other law shall, for the purposes of giving effect
to imposition of any tax, levy, royalty, surcharge on fossil fuel, discharge
such duty or obligation in accordance with this Act.