Overview

The Nigeria Revenue Service (Establishment) Act, 2025 (Act No. 4) is a federal law enacted by the National Assembly of Nigeria on 26th June 2025, repealing the Federal Inland Revenue Service (Establishment) Act No. 13 of 2007. It establishes the Nigeria Revenue Service (NRS) as a body corporate with perpetual succession, empowered to assess, collect, and account for revenues accruable to the Government of the Federation. The Act comprises six parts: Part I outlines the objective (legal and regulatory framework for tax and revenue administration) and application nationwide; Part II establishes the Service and its functions, including assistance in tax collection; Part III creates a Governing Board with specified composition (Chairman, representatives from ministries, private sector, etc.), powers, tenure (4 years, renewable once), and a Technical Committee; Part IV provides for management by an Executive Chairman, Executive Directors, and a Management Committee, along with staff pension and regulations; Part V covers financial provisions including a Fund, expenditure limits, estimates, accounts and audit, annual reports, gift acceptance, borrowing powers, tax exemptions, and accountability mandates; Part VI includes miscellaneous provisions such as ministerial directions, confidentiality, secrecy, limitation of suits, service of documents, indemnity, automatic deduction of unremitted revenue by the Accountant-General, repeal of the 2007 Act, savings and transitional provisions, interpretation, and citation. The Act applies throughout Nigeria and aims to enhance revenue administration efficiency.

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