NIGERIA LNG (FISCAL INCENTIVES, GUARANTEES AND ASSURANCES) ACT
Section 5: Interest on loans.
(1)
Interest payable by the Company in any year, whether to third parties or to shareholders, associates or subsidiaries of shareholders, shall be deductible in full for tax purposes.
(2) All interests payable by the Company before the end of its tax relief period shall be deemed to have accrued for tax purposes on the day next following the end of the tax relief period.
Cite this section
Section 5, NIGERIA LNG (FISCAL INCENTIVES, GUARANTEES AND ASSURANCES) ACT (1989).
https://repo.podus.ai/laws/nigeria-lng-fiscal-incentives-guarantees-and-assurances-act/section/5/