NIGERIA TAX ACT, 2025

Section 112

Section 112 of 206Federal Republic of Nigeria

(1) The holder shall pay all royalty, concession rentals and petroleum
royalty
profits tax on behalf of itself and the contractor out of the allocated royalty oil
and tax oil.
(2) The Service shall issue separate tax receipts in the names of the
holder and the contractor for the respective amounts of petroleum profit tax
paid on behalf of the holder and contractor in accordance with the terms of the
production sharing contract.

Cite this section

Section 112, NIGERIA TAX ACT, 2025.

https://repo.podus.ai/laws/nigeria-tax-act/section/112/