The Governor of Abia State, Dr. Okezie Ikpeazu, on Monday approved tax reliefs to residents of the State.
The tax relief was approved to mitigate the economic impact of the prevailing COVID-19 pandemic.
A statement signed by the state Ag. Chairman/Chief Executive, Agbara Celestine B. A identified the sectors and their respective Waiver/Discount
It said 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 a 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 the 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 the assessed fee
August 2020: 40% of the assessed fee
September 2020: 30% of the assessed fee
October 2020: 20% of the assessed fee
November 2020: 15% of the assessed fee
