FG grants three-year tax relief to 33 companies, bars 10 firms - Punch Newspapers

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The Federal Government approved the application of 33 companies seeking pioneer status under the Industrial Development Income Tax Act in 2021.

It also noted that the government declined the applications submitted by 10 investing firms including the popular FinTech, Flutterwave, during the review period. The products or companies eligible for this pioneer status are products or industries that do not already exist in the country.

 

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Idg So those companies won't pay tax for 3 good years Just WOW.

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