Jigawa approves one year tax payment holiday to business owners

July 14, 2020
12 Views

Jigawa state government has approved a one-year tax holiday to all existing small and medium enterprises in the state effective July 1, 2020, to December 2021.

State Commissioner for Finance and economic planning, Babangida Umar Gantsa disclosed this to newsmen in Dutse the state capital.

He said this is in consideration of the negative effects of the COVID-19 pandemic on their businesses.

Umar explained that, “the incentives/tax relief program include; eighteen months tax relief to all new enterprises, one year tax holiday to all existing small and medium scale enterprises”

“Other relief include reduction of penalty and interest from 10% to 5% and from 21% to 9% on interest respectively, 50% waiver on business premises license”

“A 50% waiver on informal sector taxpayer from 1st July 2020 to 31 December, 2021. 50% waiver for warehouse rent for businesses at state export free zone (EPZ) by Ministry of Commerce”

He noted that the incentive does not affect corporate bodies who are required to file their returns in respect of their employees on or before 31st January of each year.

You may be interested

‘We want to come back home’ – Stranded Nigerians in Saudi Arabia cry out to Buhari [VIDEO]
News
1 views
News
1 views

‘We want to come back home’ – Stranded Nigerians in Saudi Arabia cry out to Buhari [VIDEO]

admin - August 5, 2020

A Nigerian lady in a viral video has called on the Nigerian government to save her and other women stranded…

Rivers: Wike removes JAAC accounts from banks, gives reason
News
News

Rivers: Wike removes JAAC accounts from banks, gives reason

admin - August 5, 2020

Governor Nyesom Ezenwo Wike of Rivers State has directed the removal of Joint Account Allocation Committee, JAAC, from banks that…

BBNaija 2020: Dorathy, Nengi, Kidwwaya, Team B housmates win N2m each
Entertainment
Entertainment

BBNaija 2020: Dorathy, Nengi, Kidwwaya, Team B housmates win N2m each

admin - August 5, 2020

Big Brother Naija, BBNaija housemates in Team B have won the sum of two million naira. The housemates were divided…

Leave a Comment

Your email address will not be published.