Companies Income Tax (Exemption of Bonds and Short Term Government Securities) Order, 2011 🇳🇬

Nigeria

Companies Income Tax Act, 1979

S.I. 11

Companies Income Tax (Exemption of Bonds and Short Term Government Securities) Order, 2011

Published on 2 January 2012
Assented to on 9 December 2011
Commenced on 2 January 2012
[This is the version of this document from 2 January 2012.]

In exercise of the powers conferred upon me by Section 23(2) of the Companies Income Tax Act, Cap. C21, Laws of the Federation of Nigeria, 2004 and ail other powers enabling me in that behalf, I, DR GOODLUCK EBELE JONATHAN, GCFR, President, Federal Republic of Nigeria, hereby exempt from the tax imposed under the Companies Income Tax Act the following :

1. Exemption from the Tax

(i)Short Term Federal Government of Nigeria Securities, such as Treasury Bills and Promissory Notes ;

(ii)Bonds issued by Federal, State and Local Governments and their Agencies ;

(iii)Bonds issued by corporate bodies including supra-nationals ; and

(iv)Interest earned by holders of the Bonds and Short-Term Securities listed in paragraphs (i) to (iii…

Read the Full Legislation on judy.legal

Access annotations, citing cases, and more legal research tools.

Open in judy.legal