NIGERIAN CHILDREN'S TRUST FUND ACT
Section 8: Exemption from tax.
(1) The Board shall be exempt from the payment of income tax on any income accruing from investments made by the Board or otherwise howsoever and, accordingly, the provisions of any enactment relating to the taxation of companies or trust funds, shall not apply to the Board or the Fund.
(2) Notwithstanding the provisions of any enactment or law relating to the taxation of individuals, any donation made by any person shall, for the purposes of any enactment or law, be exempted from income tax.
Cite this section
Section 8, NIGERIAN CHILDREN'S TRUST FUND ACT (1990).
https://repo.podus.ai/laws/nigerian-children-s-trust-fund-act/section/8/