Nigeria: Yobe Implements 10% Reduction in Taxes

Damaturu — The Yobe State Board of Internal Revenue has implemented 10 percent tax relief on all tax assessments for 2019 (outstanding) and 2020 with effect from September 30, 2020, to reduce the impact of the COVID-19 pandemic.

In a statement, the Secretary and Legal Adviser of the board, Rakiya T. Muktar, said only individuals and enterprises that paid within the stipulated time would enjoy the tax relief.

Yobe setup committee to rehabilitate internally displaced persons

Nigeria records N7.188tn tax revenue deficit in 5 years

Muktar said, "On June 28, 2020, the Yobe State House of Assembly Committee on Finance and Appropriation, in consultation with the Ministry of Budget and Planning and the state Board of Internal Revenue, reduced the expected revenue from all individuals and enterprises in the state by 10 percent as a relief to cushion the economic impact of the COVID-19 pandemic."

She, therefore, appealed to the media, Civil Society Organisations (CSOs) and stakeholders in the state to sensitise the taxpayers on the structure of the tax compliance relief programme before the commencement date.

More From: Daily Trust

Don't Miss

AllAfrica publishes around 800 reports a day from more than 130 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.