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Income Tax (Petroleum) Act · s 7
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Income Tax (Petroleum) Act · s 7
Tell us what is wrong in this text. We check every suggestion against the official version before we change anything.
For each year of assessment, there shall be levied upon and paid by every company engaged in petroleum operations, a tax on the chargeable profits, assessed as hereinafter provided, arising from such operations during the basis period for that year of assessment.