In furtherance of the rapid industrialization agenda of Abia State government and with a view to tackling cases of harassment of business organizations in the state, government has approved tax and levy waivers for the following categories of investors in the state:
1. 100% waiver on all levies and dues (excluding user fees and PAYE) for new investment in education not less than Five Hundred Million Naira (N500,000,000.00) in verified value with a workforce of not less than 100 persons.
Waiver applies for 5 years from date of approval.
2. 100% waiver on all levies and dues (excluding user fees and PAYE) for new investment in manufacturing not less than Five Hundred Million Naira (N500,000,000.00) in verified value with a workforce of not less than 50 persons.
Waiver applies for 5 years from date of approval.
3. 100% waiver on all levies and dues (excluding user fees and PAYE) for new investment in healthcare not less than Five Hundred Million Naira (N500,000,000.00) in verified value with a workforce of not less than 20.
Waiver applies for 5 years from date of approval.
4. 50% waiver on all levies and dues (excluding user fees and PAYE) for new investment in hospitality not less than Three Hundred Million Naira (N300,000,000.00) in verified value with a workforce of not less than 20.
Waiver applies for 5 years from date of approval.
5. 100% waiver on all levies and dues (excluding user fees and PAYE) for new investment in agro-allied based industry not less than Fifty Million Naira (N50,000,000.00) in verified value with a workforce of not less than 50.
Waiver applies for 5 years from date of approval.
Organizations wishing to take advantage of this are expected to apply through the Abia State Board of Internal Revenue Service, Investment House, Umuahia, or the State Ministry of SME Development, for approval.
Chief John Okiyi Kalu
Honorable Commissioner For Information
12/7/18
*Republished\
Comments are closed.