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).

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 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 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

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.