The Jigawa State Federal government has given a one year tax vacation to Small and Medium-scale Enterprises whose organisations suffered as an outcome of COVID-19 pandemic.
The Commissioner of Financing, Babangida Umar, verified this to newsmen in Duste, the Jigawa state capital.
According to him, just those entrepreneur with a registered organisation name will gain from the gesture.
Umar explained that new companies and those that would begin in the post-COVID-19 period would gain from an 18- month period without paying tax.
The Commissioner kept in mind that all existing enterprises and specific taxpayers in the state have an extension date of filling their returns up until 30 th September 2020.
” We have actually reduced penalty and interest cost from 10%to 5%and from 21%to 9%respectively and 50%waivers on business properties license, informal sector taxpayer and storage facility rent tax,” he stated.
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