When Banks and Other Custodians become Unwitting Tax Agents: Section 60 of the NTAA

As Nigeria moves toward a more structured and assertive tax administration regime, Section 60 of the Nigeria Tax Administration Act, 2025 (NTAA), emerges as one of its most consequential and closely examined provisions. The provision empowers the tax authority to appoint agents who must remit a taxpayer’s outstanding liabilities directly from funds or assets in their possession, without first obtaining an order of the High Court...... Click the button below

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