PETROLEUM (SPECIAL) TRUST FUND ACT
Section 18: Exemption from tax.
(1) The Board shall be exempted from the payment of income tax on any income accruing from investments made by the Board or otherwise howsoever.
(2) The provisions of any enactment relating to the taxation of companies or trust funds shall not apply to the Board or the Fund.
Cite this section
Section 18, PETROLEUM (SPECIAL) TRUST FUND ACT (1993).
https://repo.podus.ai/laws/petroleum-special-trust-fund-act/section/18/