- 8 Marks
ATAX – May 2017 – L3 – Q7a – Petroleum Profits Tax (PPT)
List eight items disallowed by the Petroleum Profits Tax Act in ascertaining adjusted profit.
Question
As the newly appointed Tax Consultant to a company, you are required to make a presentation stating EIGHT items specifically disallowed by the Petroleum Profits Tax Act Cap. P13 LFN 2004 as amended, in ascertaining the adjusted profit of an accounting period. (8 Marks)
Find Related Questions by Tags, levels, etc.
- Tags: Adjusted Profit, Disallowed Deductions, Petroleum Profits Tax
- Level: Level 3
- Topic: Petroleum Profits Tax (PPT)