Medlog Logistics News Today

About 107 companies including Dangote and Mikano International are currently enjoying tax exemption from the Federal Government despite its insistence to discontinue the programme and drastic steps to improve its revenue base,

About 107 companies are currently benefiting from the federal government's tax exemption. This is contained in the fourth quarter (Q4) 2023

About 71 companies enjoyed N390.26bn pioneer status incentives in two years, according to findings by The PUNCH. Data obtained from the Feder

The latest move by the government may affect some of these companies and others which have benefited in one form of tax waiver or the other.

After a pair of devastating earthquakes in southeastern Türkiye caused widespread destruction and left millions of people requiring temporary shelters,...

President Muhammadu Buhari's administration has reportedly waived the sum of N16.76tn in revenue to tax reliefs and concessions given to large companies between 2019 and 2021.   The beneficiaries of the tax reliefs and concessions included Dangote, Lafarge, Honeywell and 43 other major beneficiaries.   At least 46 companies had benefitted from various tax incentives and duty waiver schemes as of the end of 2021, while the requests of 186 companies were still pending, The PUNCH reports.  

Oluchi Chibuzor The federal government has declined applications from 10 companies seeking pioneer status under the industrial development Income Tax Relief Act (IDITRA). This is according to the Nigerian Investment Promotion Commission (NIPC) report on Pioneer Status Incentive (PSI) applications for the first quarter of 2021 (Q1 2021). The PSI is a tax holiday that grants qualifying industries and products relief from payment of corporate income tax for an initial period of three years, extend...