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COVID-19: Niger State reduces tax to cushion economic impact

The Niger State Government in North central Nigeria, has reduced tax payment by individuals and businesses as part of measures to cushion the economic impact of the Coronavirus pandemic in the state.

The Secretary to the State Government, Ibrahim Ahmed Matene, who made this known in Minna, the state capital, said that the tax reduction is billed to take effect from 24th of June, 2020 to 31st March, 2021.

“The filling date of annual tax returns by all businesses and individuals have been extended to 30th September, 2020 while the filling of monthly PAYE returns by businesses has been granted 10 days extension beginning from the 10th to 20th of every month,” said Matane

In a statement through Mrs Mary Noel Berje, the Chief press Secretary to the Niger State Governor, the penalties and interests on late fillings, payments, and remittances as well as default on Tax liabilities have been reviewed downward to 5% percent for penalties and 10% percent for interests charges.

The Secretary to the Niger State government, further said 50 Percent reduction has already been granted on all the rates as contained in the Harmonized Agricultural Produce and Livestock Fees Collection Regulation Act 2019 of the State.

“Payments in four (4) installments have been granted to all Tax payers in the Small Medium Enterprises SMEs and the Informal sector”.

Matane, who further called for any suspicious shortchange along the line to be forwarded to the appropriate authority, assured residents that all the Agencies responsible for the Tax collection in the state had been notified on the development.

He however urged the general public to continue to adhere strictly to all COVID-19 protocols by the State Taskforce on COVID-19.

 

 

Source: Voice of Nigeria