Section 60: Exemptions granted to the Corporation(amended by Section 7 of the Asset Management Corporation of Nigeria (Amendment) Act, 2015)

(1) The Corporation shall be exempted from the provisions of -
(a) Capital Gains Tax Act or such other law of the National Assembly on capital gains;
(b) the Companies lncomes Tax Act ; and
(c) Investments and Securities Act.
(2) The Corporation is exempted from paying all taxes, fees, penalties, charges, levies or other like imposts payable to any institution, agency, department or authority of the Federal Government, State Government, Federal Capital Territory, Local Government and Area Councils of the Federal Capital Territory, save income tax by the staff of the Corporation and, value added tax and withholding tax which are payable by the Corporation's obligors.