The chargeable tax on petroleum operations in the contract area under the production sharing contracts shall be split between the holder and the contractor in the same ratio as the split of profit oil as defined in the production sharing contract between them.
Nigeria Tax Act 2025 · Chapter 3 · Part III
Section 112Chargeable tax petroleum operations
Cite as: Nigeria Tax Act 2025, section 112
Source: Nigeria Tax Act, 2025 (Act No. 7 of 2025), Official Gazette No. 117, Lagos, 26 June 2025. General information, not legal advice.