Coronavirus: States’ tax reliefs to remain till 2021, NGF insists

Coronavirus: States’ tax reliefs to remain till 2021, NGF insists

- Nigerian states have promised to extend tax reliefs till 2021

- According to the governors, this will lessen the burden of the coronavirus on the economy

- Taxpayers and businesses will benefit from this relief

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Reprive will continue to come the way of taxpayers and business owners as governors of Nigeria's 36 states have agreed to extend tax reliefs till year 2021.

According to Nigeria Governors’ Forum (NGF) chairman, Governor Kayode Fayemi, in a communique issued at the end of the 16th teleconference meeting, this will lessen the burden of the coronavirus on the economy.

He said in efforts to ensure seamless implementation of tax relief programmes for businesses and taxpayers, state governments will achieve this through their Internal Revenue Services (IRS).

Recall that Ekiti state government introduced tax relief and incentives for taxpayers and businesses as part of its ongoing efforts to cushion the negative effects of the COVID-19 pandemic.

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Olumuyiwa Ogunmilade, the chairman of Ekiti Internal Revenue Service (EKIRS), said this at a news conference.

Ogunmilade, represented by an official of EKIRS, Femi Oloye, said that the tax relief policy was to enable the business sector regain momentum after the disruption in commercial activities occasioned by the pandemic.

Coronavirus: States’ tax reliefs to remain till 2021, NGF insists

Nigerian states have promised to extend tax reliefs till 2021
Source: Facebook

Meanwhile, Legit.ng had reported that the federal government on Wednesday, September 2, came under fire from various groups over the hike in the ex-depot price of petrol from N138 to N151.56 per litre.

Spokesman of pan-Yoruba socio-cultural group, Afenifere, Mr Yinka Odumakin, told ThisDay that the latest development was the fallout of the fake promises made to the electorate by the APC to assume power over five years ago.

He also flayed Nigerians who he said failed to hold politicians to account for promises made to them during campaigns.

Meanwhile, the PDP in a statement sent to journalists on Wednesday, September 2, by its spokesperson, Kola Ologbodiayn, described the decision of the government as “callous, cruel and punishing.”

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The party demanded an immediate reversal of the prices to avert a national crisis, stressing that the increase will result in an upsurge in costs of goods and services.

But, in its response, the ruling All Progressives Congress (APC), blamed the PDP and its past governments for the current petrol price increase in the country.

The APC said successive PDP governments had foisted on the country a corruption-tainted fuel subsidy regime, which is now affecting the present government.

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Source: Legit.ng

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