Nigeria - Get Tax Concession on Re-Investment Allowance

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ProcedureEdit

Apply In-Person:

  1. To Get Tax Concession on Re-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 Re-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 through any applicable means with further instructions to follow in order to become a beneficiary.
Note:
the incentive is in the form of a generalized allowance of capital expenditure incurred by companies for the following:
  • Expansion of production capacity
  • Modernization of production facilities
  • Diversification into related products


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Required DocumentsEdit

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



Office Locations & ContactsEdit

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: [email protected]
Website:Link

EligibilityEdit

  • This incentive is given to manufacturing companies that incur capital expenditure for purposes of approved expansion of production capacity; modernisation of production facilities; diversification into related products.


FeesEdit

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


ValidityEdit

Explain the time until which the certificate/document is valid.
e.g. Birth Certificate Valid Forever


Documents to UseEdit

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Sample DocumentsEdit

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Processing TimeEdit

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Related VideosEdit

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'.


InstructionsEdit

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e.g. The state office holds birth records since january 1908.


Required InformationEdit

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 DocumentEdit

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


Information which might helpEdit

  • The Re-Investment Allowance is aimed at encouraging reinvestment of profits.


Other uses of the Document/CertificateEdit

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e.g. Birth Certificate can be used as proof of identity.


External LinksEdit

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OthersEdit

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