Section 2: Assessment and collection of tax

(1) The Federal Inland Revenue Service (in this Act referred to as "the Service") shall assess and collect from a company the tax imposed by this Act and accordingly-
(a) shall, when assessing a company, for companies income tax or petroleum profit tax for an accounting period of the company, also proceed to assess the company for the tax due under this Act; and
(b) the provisions of the Act relating to the collection of companies income tax or petroleum profit tax shall, subject to this Act, apply to the tax due under this Act.
(2) The tax imposed by this Act shall be due and payable within 60 days after the Service has served notice of the assessment on a company.
(3) The Service may, for the purpose of assessment and collecting the tax imposed by this Act, devise such forms as it may deem necessary.