DEEP OFFSHORE AND INLAND BASIN PRODUCTION SHARING CONTRACTS ACT

Section 9: Allocation of tax oil

1993Section 9 of 18Federal Republic of Nigeria

Tax oil shall be allocated to the Corporation or the holder, as the case may be, in such quantum as shall generate an amount of proceeds equal to the actual petroleum profit tax liability payable during each month.

Cite this section

Section 9, DEEP OFFSHORE AND INLAND BASIN PRODUCTION SHARING CONTRACTS ACT (1993).

https://repo.podus.ai/laws/deep-offshore-and-inland-basin-production-sharing-contracts-act/section/9/