By Adedapo Adesanya The Nigerian Investment Promotion Commission (NIPC) has said it does not give tax exemptions to “undeserving companies,” noting that from the applications received in 2023, only 34 firms were granted three years of tax holiday as part of efforts to promote the companies’ investment drive towards developing the nation’s economy. The Head… Continue reading Only Deserving Companies Get Tax Exemption—NIPC
Tag: tax exemption
Sports Investors Get Tax Exemption, Single-Digit Loan in Nigeria
By Adedapo Adesanya The Nigerian government has approved tax exemption and rebate for 5 years and a single-digit loan interest rate for sports investors under the National Sports Industry Policy (NSIP). This was disclosed in a statement by the Federal Ministry of Youth and Sports at the end of the Federal Executive Council (FEC) meeting… Continue reading Sports Investors Get Tax Exemption, Single-Digit Loan in Nigeria
Full List of 27 Industries to Enjoy Tax Immunity
By Modupe Gbadeyanka On Monday, August 7, 2017, Federal Government finally released the full list of 27 industries to enjoy tax break in the country. Addressing newsmen at a news conference in Abuja, Minister of Industry, Trade and Investment, Mr Okechukwu Enelamah, said companies and products applying for Pioneer Status Incentives (PSI) in the 27… Continue reading Full List of 27 Industries to Enjoy Tax Immunity