PIA: Oil and gas investors to get 10-year tax vacation, says Sylva | TheCable

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Timipre Sylva, minister of state for petroleum, says oil and gas investors will get a 10-year tax vacation at the full implementation of the Petroleum Industry Act (PIA). A tax

September 23, 2022 10:49 AM

A tax vacation or holiday is a period of time during which a company does not have to pay tax on all or part of its profit.Speaking on the theme “Scaling Up International Economic Partnerships for Nigeria in a Post-Covid World”, he described the PIA as a watershed moment for the country.“The PIA 2021 has established a legal, governance, regulatory, and fiscal framework for the petroleum industry, host community development, and associated matters,” the minister said.

 

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HETimipreSylva Dangote will not pay tax for 10yrs. QED. Nigeria is an active crime scene... Dangote is the power behind the crime, and the store keeper of the crime proceeds.

HETimipreSylva We go use Free trade zone and tax exemption scatter the economy finish

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