A pioneer status is an incentive from the Federal Government, which exempts companies from basic income tax.
The products or companies suitable for this pioneer status are industries or products that do not already exist in the country; the existing industries do not meet the required needs. Saba Steel Industries Nigeria Limited, Gowus Nigeria Limited, Fidson Healthcare Plc, Gowus Nigeria Limited, Lafarge Africa Plc, Edimara Properties Limited and Wacot Rice Limited.
Chai! Our govt has gone mad again o
This was grossly unfair... I hope these companies are infant companies who would greatly appreciate these benefits...only 25?! And for three years? That's enough to get a tax clearance certificate...
Those are the companies that have donated towards Covid19. Tax holiday will not make them complain of they don't see their donated fund put to use. saha
Same old old jamboree
It would be nice to look at the criteria used to select these companies ‘cos if u ask me, I’m not sure I agree with some of these...
Na so
Why does our policymakers like shooting themselves in the forehead, like we all did not go to school...going through the full news, some of the listed companies are not infants or not well established as claimed by the Federal Government, these companies are fully established...
As expected. Omo ogbon They have used covid audio donation to take tax holiday
The same big companies that aren't really affected by this Lockdown compared to other SMEs. Even saw Dangote truck there...