TAX EXEMPTIONS/RELIEFS DURING THIS ERA EITHER GENERAL OR ASSOCIATED WITH A SPECIFIC SECTOR .
TAX EXEMPTIONS/RELIEFS DURING THIS ERA EITHER GENERAL OR ASSOCIATED WITH A SPECIFIC SECTOR . The House of Representatives has passed an Emergency Economic Stimulus Bill which grants: • a 50% rebate to employers on employee PAYE tax to any duly registered employer under the businesses and Allied Matters Act who maintains an equivalent employee status without retrenching their staff as at 01 March 2020 and till 31 December 2020; • deferral of payment of mortgage obligations under the National Housing Fund; and • duty waiver on medical equipment, medicines, personal protection equipment and other medical necessities required for the treatment of the corona virus effective from 01 March 2020 to 01 December 2020. Note that this Bill is yet to be gone by the Nigerian Senate. GRACE PERIOD FOR THE FILING OF TAX RETURNS The Federal Inland Revenue Service (FIRS) has announced the following: • extension for the filing of tax and tax returns by one month and ...