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Nigeria - Get Tax Concession on Investment Tax Allowance


Procedure

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Apply In-Person:

  1. To Get Tax Concession on Investment Allowance in person, the applicant has to visit any nearest office of the Nigerian Investment Promotion Commission (NIPC) in his/her state of residence. The address and contact details can be found in the following link: address details
  2. Submit a letter requesting to get Tax Concession on Investment Allowance to the relevant authority at the office.
  3. After submission, your request letter along with the attached documents (if any) will be forwarded for further verifications.
  4. Once all the internal processes are over, you will be notified with further instructions to follow in order to become a beneficiary.




Required Documents

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Please consult relevant authority regarding the documents required to be submitted.




Office Locations & Contacts

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Nigerian Investment Promotion Commission - Heade Office
Plot 1181 Aguiyi Ironsi Street
Maitama District
Abuja, Nigeria.
Tel: +234 (0)9 2900059
Tel: +234 (0)9 2900061
Email: infodesk@nipc.gov.ng
Website:Link



Eligibility

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This tax deduction is not applicable to companies already granted pioneer status.


Fees

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Explain the fees structure which is required for obtaining the certificate/document.



Validity

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Within five years from the date of the approval of the project.


Documents to Use

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Please attach documents that can be used by people. e.g. links




Sample Documents

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Please attach sample completed documents that would help other people.



Processing Time

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Please explain processing time taken in obtaining the document/certificate.



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Videos explaining the procedure or to fill the applications.
Attach videos using the following tag <&video type='website'>video ID|width|height<&/video&> from external websites.
Please remove the '&' inside the tags during implementation.
Website = allocine, blip, dailymotion, facebook, gametrailers, googlevideo, html5, metacafe, myspace, revver,
sevenload, viddler, vimeo, youku, youtube
width = 560, height = 340, Video ID = Can be obtained from the URL of webpage where the video is displayed.
e.g In the following url 'http://www.youtube.com/watch?v=Y0US7oR_t3M' Video ID is 'Y0US7oR_t3M'.




Instructions

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Please provide other instructions related to the certificate/documents.
e.g. The state office holds birth records since January 1908.



Required Information

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A list which displays the kind of information which is required to complete the procedure.
e.g.
1. Date of Birth.
2. City or Country of Birth.




Need for the Document

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Please provide the need for the procedure. e.g. Birth Certificate - why do we need to have a birth certificate?



Information which might help

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  • Dividends derived from manufacturing companies in petro-chemical and liquefied natural gas sub-sector are exempt from tax.
  • Companies with turnover of less than 1 million are taxed at a low rate of 20% for the first five years of operation if they are into manufacturing.
  • Dividend from companies in the manufacturing sector with turnover of less than n100 million is tax-free for the first five years of their operation.



Other uses of the Document/Certificate

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Please explain what are other uses of obtaining this document/certificate.
e.g. Birth Certificate can be used as proof of identity.




External Links

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Place some external links which might help.



Others

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More information which might help people.




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