Library / Federal Republic of Nigeria Official Gazette No. 40 Lagos - 1st March, 2024

Federal Republic of Nigeria Official Gazette No. 40 Lagos - 1st March, 2024

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OIL AND GAS COMPANIES (TAX INCENTIVES, EXEMPTION,
REMISSION, ETC.) ORDER, 2024
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ARRANGEMENT OF  PARAGRAPHS
Paragraph :
PART I — TAX CREDITS FOR NON-ASSOCIATED GAS GREENFIELD DEVELOPMENT
1.
Tax Credits for Non-Associated Gas
2.
Gas tax credit surplus
3.
Calculation of tax credit
PART II — MIDSTREAM CAPITAL AND GAS UTILIZATION INVESTMENT ALLOWANCE
4.
Incentive to gas utilization companies
5.
Rate of gas utilization investment allowance
6.
Implementation of gas utilization investment allowance
7.
Non-application of gas utilization investment allowance
8.
Transfer of asset in respect of which a gas utilization investment
allowance has been claimed
9.
Non-interference with capital allowance
PART III — INCENTIVES FOR DEEP WATER OIL AND GAS PROJECTS
10.
Fiscal incentives for deep water oil and gas projects
11.
Commercial incentives for deep water oil and gas projects
PART IV — MISCELLANEOUS
12.
Implementation guidelines
13.
Definition
14.
Citation