Taxation (International and Other Provisions) Act 2010 Explanatory Notes

Section 225A: Meaning of “oil extraction activities”

701.This section sets out the definition of “oil extraction activities” for the purposes of the Chapter. It is based on section 502(1) and (2) of ICTA.

702.Certain definitions are taken from the PRT legislation in section 12 of OTA 1975.

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