Section 90

(1) This Part shall apply to oil prospecting licences and oil mining Charge of
leases that are yet to convert under the provisions of the Petroleum Industry petroleum
profits tax
Act.
(2) Subject to Part I of Chapter Three of this Act and subsection (1), Act No. 6,
2021
there is levied upon the profits of each accounting period of a company engaged
in petroleum operations during that period a tax to be charged, assessed and
payable in accordance with the provisions of this Part.