NIGERIAN COAL CORPORATION ACT

Section 32: Provisions relating to taxes, etc.

1950Section 32 of 33Federal Republic of Nigeria

(1)
Notwithstanding anything contained in the Income Tax Management Act, the income tax payable upon the chargeable income of the Corporation shall be calculated at the rate for the time being prescribed by the Companies Income Tax Act.
[Cap. C21.]
(2)
Except as is provided in subsection (1) of this section, nothing in this Act shall be deemed to exempt the Corporation from liability for any tax, duty or rate, whether general or local.

Cite this section

Section 32, NIGERIAN COAL CORPORATION ACT (1950).

https://repo.podus.ai/laws/nigerian-coal-corporation-act/section/32/