BANKS AND OTHER FINANCIAL INSTITUTIONS ACT, 2020
Section 79: Tax Deductibility of Annual Levy and Vested Contributions.
2020Section 79 of 132•Federal Republic of Nigeria
Any annual levy paid by a bank, specialised bank or other financial institution under this Act shall be deductible for the purposes of the companies' income tax of the paying bank, specialised bank or other financial institution, under the Companies Income Tax Act.
(Act No. 11, 2007.)
Cite this section
Section 79, BANKS AND OTHER FINANCIAL INSTITUTIONS ACT, 2020 (2020).
https://repo.podus.ai/laws/banks-and-other-financial-institutions-act-2020/section/79/