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Nigeria

Capital Gains Tax (Act No. 44 of 1967, as last amended by Act No. 45 of 1999)

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Nigeria

Year of current version:1999
Date of entry into force of original text:April 1, 1967
Date of Text (Enacted):1967
Type of Text:IP-related Laws: enacted by the Legislature
Subject Matter:Copyright and Related Rights (Neighboring Rights), Industrial Designs, Other, Patents (Inventions), Trademarks
Notes:
This Act provides for the taxation of capital gains accruing on disposal of assets.

For provisions concerning the protection of intellectual property rights, see Article 25 'Location of assets', which stipulates:
'For the purposes of this Act (...) patents, trade-marks and designs are situated where they are registered, and if registered in more than one register, where each register is situated, and copyright, franchises, rights and licensed to use any copyright material, patent, trade-mark or design are situated in Nigeria if they, or any rights derived from them are exercisable in Nigeria. '
Available Texts: 
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Capital Gains Tax (Act No. 44 of 1967, as last amended by Act No. 45 of 1999) Capital Gains Tax (Act No. 44 of 1967, as last amended by Act No. 45 of 1999), Complete document (pdf) [152 KB] Capital Gains Tax (Act No. 44 of 1967, as last amended by Act No. 45 of 1999), Complete document (htm) [166 KB] (Version with Automatic Translation Tool)

WIPO Lex No.:NG032

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