Section 66

Subject to the provisions of section 65(2) of this Act, there is levied
Charge of
hydrocarbon upon the profits of any company engaged in upstream petroleum operations in
tax relation to crude oil, a tax to be known as hydrocarbon tax, which shall be
charged and assessed on its profits related to the operations for each account-
ing period and payable in accordance with this Part.
Nigeria Tax Act, 2025 2025 No. 7 A 433