PETROLEUM INDUSTRY ACT, 2021

Section 293: Collection of tax after determination of objection or appeal.

2021Section 293 of 320Federal Republic of Nigeria

1 Where payment of hydrocarbon tax in whole or in part has been held in abeyance pending the result of a notice of objection or of appeal, the tax outstanding under the assessment as determined on such objection or appeal, as the case may be, shall be payable within one month from the date of service on the company assessed or on the person in whose name the company is assessed, of the notification of the tax payable by the Service or Tribunal.

2 Where such balance is not paid within one month, section 292 of this Act shall apply.

Cite this section

Section 293, PETROLEUM INDUSTRY ACT, 2021 (2021).

https://repo.podus.ai/laws/petroleum-industry-act-2021/section/293/