Abia State COVID -19 TAX PALLIATIVES
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).
- PAYE and all forms of personal income taxes/direct taxes) Filling and payment for past 3 years arrears
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 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
- Reduced from 10% of value of Capital Gains to the following:
WAIVER/DISCOUNT
- 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 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
- 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 assessed fee
- August 2020: 40% of assessed fee
- September 2020: 30% of assessed fee
- October 2020: 20% of assessed fee
- November 2020: 15% of assessed fee
Signed
Agbara Celestine B. A
Ag. Chairman/Chief Executive
Abia State COVID-19 TAX PALLIATIVES
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