TAX PALLIATIVES: IKPEAZU APPROVED TAX RELIEFS TO RESIDENTS OF ABIA STATE

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.
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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
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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%
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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
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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
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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