Overview

The Personal Income Tax (Amendment) Act, 2011 (No. 20) is an Act of the National Assembly of the Federal Republic of Nigeria to amend the Personal Income Tax Act, Cap. P8 Laws of the Federation of Nigeria, 2004, and for related matters. It received assent on 14th June 2011 and was published in the Official Gazette (No. 115, Vol. 98) on 24th June 2011. The Act makes 35 amendments to the Principal Act, including: clarifying that relevant tax authorities in states have powers to collect tax from itinerant workers; expanding the definition of gains or profits from employment to include benefits in kind; amending the definition of employment income to include compensations, bonuses, premiums, and other perquisites; modifying provisions on residence and source of income (Section 10) to specify conditions for non-resident employment income; amending deductions, allowances, and reliefs (Sections 33, 36, 37, 38, and others); updating provisions on tax returns, assessments, and appeals; substituting Section 60 on returns, deleting Sections 61-67 on private rulings; inserting a new Section 106A on tax clearance certificates; amending the First Schedule (rates of tax), Third Schedule, and substituting the Sixth Schedule (transitional provisions). The Act aims to improve tax administration, broaden the tax base, and align with modern business practices.

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