A Laws.Africa project
18 February 1959

Nigeria Government Gazette supplement dated 1959-02-18 number 12 part C

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                                 ‘

        Supplement to offical!‘Gazette BeeordaaryN
                                                 No. 12, Vol. 46,18th Feb
                                                                            _ 1959-—P

           - The following¥Bill, whichvillin due course be presented to
         House of Representatives for enactment is Published for gene                                ee
         information        .            oe
                                         i
                                                                        |                |           a
                  PETROLEUM PROFITS PAX, ORDINANCE, 1989
                   7             ~ ARRANGEMENT orSzcrrons *

                             a       Parr 1—PariaMinary
          i Short titi, commencement and. application.                                       bee          ag
          2, Interpretation.                                                Soo                          lg
                                 - Pare Tl-—ADMINISTRATION                  oo                       toa
         3. Powers and duties of the Board,                                      .                   age
         4
         : beset and.executionof|‘Powers; Guiles ete,                                c                 ee




                                                                                                         how
                cial edctecy, ate,           5       .   Cod,
         6, Rules and forma.                     4
                                                                                                    a
         7, Service and signature ofiotices.                                     _                  cw
          _ Part 111,—Tnecetion oF Tax AND ASCERTAINMENT OF CHARGEABLE                          ee
                                   RRORITS.                                                    Poe Ie
         8 Chargeof tax,                                                                      |
        9, Ascertainment of profits, adjusted profit, assessableprofits and charge- |
              able profits,              :                                 ‘      oF
        10. Deductions,                  i     Sl
    11, Deductionsnot allowed,         i
”




- +12, Exclusion of certain profits, etc,’
 _ 13,, Artificialtransactions, ete.
        14, Assessable profits and losses,                                  ,                  ne              f
        15.-; Chargeable profits andcapital allowances,             ,                          *               *

          -. Parr VeeAsconnasnant ov Aserssanie"Tax AND OF CHaRrcuABLR | f° “
    .                                            Tax                                                - 3
        16. Asecassble tax,                  oS                                  oo                   :
         17, Chargeable tax,                  :                                                      3

                       eo        Parr V—Pinsovie|Ceanorant oe                                 po.        :
        18. Partnerships, etc,                                                                ff.        .
  19,       Companies notresident in Nigerid,                                                oho Of:
  20        Managerof com ranies, ete, to
                                        be anawerable,                                         weet
. 21,       Companywound       up, etc.                                                          ;
   22,      Avoidance by Scans er         >
    23. Indemnification of representative.

                           Parr yi-Accounts AND Particu.ars ©
        24. Preparation and delivery of accounts and particulars.           a
          » Board may call for further information,                         oe
        26. Power to call for returns, books, etc,                              "8
        27: Returns of estimated tax.
        28, Extension of periods for making returns,
                                                          {

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