Home Politics Abia Govt Approves COVID-19 Tax Palliatives

Abia Govt Approves COVID-19 Tax Palliatives

The Governor of Abia State, Dr. Okezie Ikpeazu, on Monday approved tax reliefs to residents of the State.

The tax relief was approved to mitigate the economic impact of the prevailing COVID-19 pandemic.

A statement signed by the state Ag. Chairman/Chief Executive, Agbara Celestine B. A identified the sectors and their respective Waiver/Discount

Read Also: Abia To Demarcate Boundary In Arochukwu Communities

It said 1. Small Scale Industries/Artisans (PAYE and all forms of personal income taxes/direct taxes).

Filing and payment for past 3 years arrear

WAIVER/DISCOUNT

25% waiver/discount for payment from now to end of July 2020;

20% waiver/discount for payments in August 2020;

15% waiver/discount for payments in September 2020.

2. TAX CLEARANCE

First-time Tax Clearance Certificate issuance (TCC)

WAIVER/DISCOUNT

Reduced from a minimum of N60,000 to the following:

Payments made in July 2020: N30,000

Payments made in August 2020: N35,000

Payments made in September 2020: N40,000

Payments made in October 2020: N50,000

Payments made in November 2020: N55,000

 

3. Capital Gains Tax
WAIVER/DISCOUNT

Reduced from 10% of value of Capital Gains to the following:

Payments made in July 2020: 5%

Payments made in August 2020: 6%

Payments made in September 2020: 7%

Payments made in October 2020: 8%

Payments made in November 2020: 9%

 

4. Property Tax

Abia Property and Land Use Charge (AbiaPLUC)

WAIVER/DISCOUNT

Waive 2 of the 3 years for all arrears paid before the end of July 2020

Waive 1 of 3 years for payment in August 2020

5. LANDS

Purpose Clause

WAIVER/DISCOUNT
Reduce registration cost from N30,000 to:

N20,000 Payments made in July 2020

NEWS: Smuggled Alcohol: Kano traffic agency boss allegedly rejects N500,000 bribe
N25,000 Payments made in August 2020

 

6. LANDS

Certificate of Occupancy (CofO)
WAIVER/DISCOUNT

Reduce the cost by the following percentage for Urban Areas and Rural Areas:

July 2020: 50% of the assessed fee

August 2020: 40% of the assessed fee

September 2020: 30% of the assessed fee

October 2020: 20% of the assessed fee

November 2020: 15% of the assessed fee

 

THE EASTERN UPDATES

- Advertisment -

Most Popular

Desperate Politicians Behind Imo Mayhem – Gov Uzodimma

The Imo State Governor, Hope Uzodimma, has vowed to fish out the sponsors of those that hijacked #ENDSARS protest in the state. The governor, who...

Imo: Women Vow To Protest Naked Over Bad Roads

Women in Umudibia Nekede Autonomous community, Owerri West Council Area of Imo State have vowed to protest naked if the state government fails to...

Stop Killing – Police DIG To Hoodlums In Ebonyi

The Deputy Inspector General of Police, DIG Celestine Okoye, Wednesday, called on hoodlums to stop destroying public properties in Ebonyi state. This is even as...

Agony Of Ebonyi Residents Forced To Give Up Lands For Airport Project

Nwugo Nwankwo never knew that a day would come when she would be hungry and homeless at Onuachi Umuezeoka village in Ezza north local...

Recent Comments