In a bid to Cushion COVID-19 effect, Abia Govt Issues Tax Palliatives |READ DETAILS
Afnews Editor
Jul 20, 2020
Abia State Government led by Governor Okezie Ikpeazu has issued Tax palliatives to Abians and people doing business in Abia State in a bid to help cushion the effect of the COVID-19 pandemic.
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READ FULL DETAILS BELOW:
Abia State COVID -19 TAX PALLIATIVES
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The Governor of Abia State has approved tax reliefs to residents of Abia State to mitigate the economic impact of prevailing Covid-19 pandemic.
Find below Identified Sectors and their respective Waiver/Discount
1. Small Scale Industries/Artisans (PAYE) and all forms of personal income taxes/direct taxes).
Filing and payment for past 3 years arrear
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WAIVER/DISCOUNT
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25% waiver/discount for payment from now to end of July 2020;
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20% waiver/discount for payments in August 2020;
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15% waiver/discount for payments in September 2020.
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2. TAX CLEARANCE
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First-time Tax Clearance Certificate issuance (TCC)
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WAIVER/DISCOUNT
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Reduced from minimum of N60,000 to the following:
Payments made in July 2020: N30,000
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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
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3. Capital Gains Tax
WAIVER/DISCOUNT
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Reduced from 10% of value of Capital Gains to the following:
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Payments made in July 2020: 5%
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Payments made in August 2020: 6%
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Payments made in September 2020: 7%
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Payments made in October 2020: 8%
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Payments made in November 2020: 9%
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4. Property Tax
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Abia Property and Land Use Charge (AbiaPLUC)
WAIVER/DISCOUNT
Waive 2 of the 3 years for all arrears paid before end of July 2020
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Waive 1 of 3 years for payment in August 2020
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5. LANDS
Purpose Clause
WAIVER/DISCOUNT
Reduce registration cost from N30,000 to:
N20,000 Payments made in July 2020
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N25,000 Payments made in August 2020
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6. LANDS
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Certificate of Occupancy (CofO)
WAIVER/DISCOUNT
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Reduce the cost by the following percentage for Urban Areas and Rural Areas:
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July 2020: 50% of assessed fee
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August 2020: 40% of assessed fee
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September 2020: 30% of assessed fee
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October 2020: 20% of assessed fee
November 2020: 15% of assessed fee
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Signed
Agbara Celestine B. A
Ag. Chairman/Chief Executive
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— Afnews Editor