Section 66 Nigeria Tax Act 2025

Section 66 of the Nigeria Tax Act 2025 is about Charge of hydrocarbon tax. It provides as follows:

Subject to the provisions of section 65(2) of this Act, there is levied upon the profits of any company engaged in upstream petroleum operations in relation to crude oil, a tax to be known as hydrocarbon tax, which shall be charged and assessed on its profits related to the operations for each accounting period and payable in accordance with this Part.