{"id":39123,"date":"2018-05-09T18:22:19","date_gmt":"2018-05-09T18:22:19","guid":{"rendered":"http:\/\/localhost:8888\/cregital\/disha\/2018\/05\/09\/tax-incentives-in-nigeria\/"},"modified":"2018-05-09T18:22:19","modified_gmt":"2018-05-09T18:22:19","slug":"tax-incentives-in-nigeria","status":"publish","type":"post","link":"https:\/\/msmehub.org\/staging\/6671\/tax-incentives-in-nigeria\/","title":{"rendered":"Tax incentives in Nigeria"},"content":{"rendered":"<p style=\"background-color: transparent; box-sizing: border-box; color: rgb(51, 51, 51); font-family: &quot;Trebuchet MS&quot;,&quot;Helvetica Neue&quot;,Helvetica,Tahoma,sans-serif; font-size: 16px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; margin-bottom: 16px; margin-left: 0px; margin-right: 0px; margin-top: 0px; orphans: 2; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px;\">\n<p><span style=\"display: inline !important; float: none; background-color: rgb(255, 255, 255); color: rgb(51, 51, 51); cursor: text; font-family: &quot;Trebuchet MS&quot;,&quot;Helvetica Neue&quot;,Helvetica,Tahoma,sans-serif; font-size: 16px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; line-height: 24px; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px;\"><br \/>\n<\/span><\/p>\n<p style=\"background-color: transparent; box-sizing: border-box; color: rgb(51, 51, 51); font-family: &quot;Trebuchet MS&quot;,&quot;Helvetica Neue&quot;,Helvetica,Tahoma,sans-serif; font-size: 16px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; margin-bottom: 16px; margin-left: 0px; margin-right: 0px; margin-top: 0px; orphans: 2; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px;\"><span style=\"box-sizing: border-box; font-size: 13.33px;\">Small businesses are crucial to development and sustainability of any<br \/>\neconomy. Indeed, Nigeria&#8217;s economy is largely driven by micro, small and medium<br \/>\nenterprises (MSMEs). <\/span><span style=\"box-sizing: border-box; font-size: 13.33px;\">With the plethora<br \/>\nof empirical research documenting the impact small businesses have on the<br \/>\neconomy, countries, especially developing countries, strive to put structures<br \/>\nin place to ensure that these businesses thrive and prosper. <\/span><\/p>\n<p><span style=\"display: inline !important; float: none; background-color: rgb(255, 255, 255); color: rgb(51, 51, 51); cursor: text; font-family: &quot;Trebuchet MS&quot;,&quot;Helvetica Neue&quot;,Helvetica,Tahoma,sans-serif; font-size: 16px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; line-height: 24px; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px;\"><br \/>\n<\/span><\/p>\n<p style=\"background-color: transparent; box-sizing: border-box; color: rgb(51, 51, 51); font-family: &quot;Trebuchet MS&quot;,&quot;Helvetica Neue&quot;,Helvetica,Tahoma,sans-serif; font-size: 16px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; margin-bottom: 16px; margin-left: 0px; margin-right: 0px; margin-top: 0px; orphans: 2; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px;\">\n<p><span style=\"display: inline !important; float: none; background-color: rgb(255, 255, 255); color: rgb(51, 51, 51); cursor: text; font-family: &quot;Trebuchet MS&quot;,&quot;Helvetica Neue&quot;,Helvetica,Tahoma,sans-serif; font-size: 16px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; line-height: 24px; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px;\"><br \/>\n<\/span><\/p>\n<p style=\"background-color: transparent; box-sizing: border-box; color: rgb(51, 51, 51); font-family: &quot;Trebuchet MS&quot;,&quot;Helvetica Neue&quot;,Helvetica,Tahoma,sans-serif; font-size: 16px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; margin-bottom: 16px; margin-left: 0px; margin-right: 0px; margin-top: 0px; orphans: 2; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px;\"><span style=\"box-sizing: border-box; font-size: 13.33px;\"><span style=\"box-sizing: border-box; font-size: 13.33px;\">In Nigeria for example, such moves do not only entail provision of tax<br \/>\nincentives, but also includes awareness campaigns for various incentives aimed at<br \/>\nincreasing profitability for investors and positioning the country as a sure<br \/>\ninvestment hub.<\/span><\/span><\/p>\n<p><span style=\"display: inline !important; float: none; background-color: rgb(255, 255, 255); color: rgb(51, 51, 51); cursor: text; font-family: &quot;Trebuchet MS&quot;,&quot;Helvetica Neue&quot;,Helvetica,Tahoma,sans-serif; font-size: 16px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; line-height: 24px; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px;\"><br \/>\n<\/span><\/p>\n<p style=\"background-color: transparent; box-sizing: border-box; color: rgb(51, 51, 51); font-family: &quot;Trebuchet MS&quot;,&quot;Helvetica Neue&quot;,Helvetica,Tahoma,sans-serif; font-size: 16px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; margin-bottom: 16px; margin-left: 0px; margin-right: 0px; margin-top: 0px; orphans: 2; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px;\">\n<span style=\"box-sizing: border-box; font-size: 13.33px;\">The purpose for<br \/>\ngranting tax incentives is to:<span style=\"box-sizing: border-box; font-size: 13.33px;\"><br style=\"box-sizing: border-box;\"><\/span><\/span><\/p>\n<p><span style=\"display: inline !important; float: none; background-color: rgb(255, 255, 255); color: rgb(51, 51, 51); cursor: text; font-family: &quot;Trebuchet MS&quot;,&quot;Helvetica Neue&quot;,Helvetica,Tahoma,sans-serif; font-size: 16px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; line-height: 24px; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px;\"><br \/>\n<\/span><\/p>\n<ul style=\"background-color: transparent; box-sizing: border-box; color: rgb(51, 51, 51); font-family: &quot;Trebuchet MS&quot;,&quot;Helvetica Neue&quot;,Helvetica,Tahoma,sans-serif; font-size: 16px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; margin-bottom: 16px; margin-left: 24px; margin-right: 0px; margin-top: 0px; orphans: 2; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px;\">\n<li style=\"box-sizing: border-box; text-align: left;\">\n<p style=\"box-sizing: border-box; margin-bottom: 16px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;\"><span style=\"box-sizing: border-box; font-size: 13.33px;\">attract, retain or increase investment in a particular<br \/>\nsector<\/span><\/p>\n<\/li>\n<li style=\"box-sizing: border-box; text-align: left;\">\n<p style=\"box-sizing: border-box; margin-bottom: 16px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;\"><span style=\"box-sizing: border-box; font-size: 13.33px;\">encourage growth in specific areas and assist<br \/>\ncompanies or individuals carrying on specific activities <\/span><\/p>\n<\/li>\n<li style=\"box-sizing: border-box; text-align: left;\">\n<p style=\"box-sizing: border-box; margin-bottom: 16px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;\"><span style=\"box-sizing: border-box; font-size: 13.33px;\">boost aggregate expenditure in the economy,<br \/>\nand achieve other macroeconomic objectives<\/span><\/p>\n<\/li>\n<\/ul>\n<p><span style=\"display: inline !important; float: none; background-color: rgb(255, 255, 255); color: rgb(51, 51, 51); cursor: text; font-family: &quot;Trebuchet MS&quot;,&quot;Helvetica Neue&quot;,Helvetica,Tahoma,sans-serif; font-size: 16px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; line-height: 24px; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px;\"><br \/>\n<\/span><\/p>\n<p style=\"background-color: transparent; box-sizing: border-box; color: rgb(51, 51, 51); font-family: &quot;Trebuchet MS&quot;,&quot;Helvetica Neue&quot;,Helvetica,Tahoma,sans-serif; font-size: 16px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; margin-bottom: 16px; margin-left: 0px; margin-right: 0px; margin-top: 0px; orphans: 2; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px;\">\n<p><span style=\"display: inline !important; float: none; background-color: rgb(255, 255, 255); color: rgb(51, 51, 51); cursor: text; font-family: &quot;Trebuchet MS&quot;,&quot;Helvetica Neue&quot;,Helvetica,Tahoma,sans-serif; font-size: 16px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; line-height: 24px; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px;\"><br \/>\n<\/span><\/p>\n<p style=\"background-color: transparent; box-sizing: border-box; color: rgb(51, 51, 51); font-family: &quot;Trebuchet MS&quot;,&quot;Helvetica Neue&quot;,Helvetica,Tahoma,sans-serif; font-size: 16px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; margin-bottom: 16px; margin-left: 0px; margin-right: 0px; margin-top: 0px; orphans: 2; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px;\">\n<span style=\"box-sizing: border-box; font-size: 13.33px;\">Tax<br \/>\nincentives may be in various forms e.g. reliefs, credits, exemptions,<br \/>\nallowances, holidays, drawbacks, etc. Highlighted below are some tax incentives<br \/>\navailable to companies operating in Nigeria:<\/span><\/p>\n<p><span style=\"display: inline !important; float: none; background-color: rgb(255, 255, 255); color: rgb(51, 51, 51); cursor: text; font-family: &quot;Trebuchet MS&quot;,&quot;Helvetica Neue&quot;,Helvetica,Tahoma,sans-serif; font-size: 16px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; line-height: 24px; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px;\"><br \/>\n<\/span><\/p>\n<table width=\"0\" style=\"background-color: transparent; border-collapse: collapse; border-spacing: 0px 0px; box-sizing: border-box; color: rgb(51, 51, 51); empty-cells: show; font-family: &quot;Trebuchet MS&quot;,&quot;Helvetica Neue&quot;,Helvetica,Tahoma,sans-serif; font-size: 16px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; margin-bottom: 16px; margin-left: 0px; margin-right: 0px; margin-top: 0px; max-width: 972.75px; orphans: 2; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; table-layout: fixed; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; width: 972.75px; word-spacing: 0px;\" border=\"1\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody style=\"box-sizing: border-box;\">\n<tr style=\"box-sizing: border-box;\">\n<td width=\"204\" valign=\"top\" style=\"border-bottom-color: rgb(238, 238, 238); border-bottom-style: solid; border-bottom-width: 1px; border-image-outset: 0; border-image-repeat: stretch; border-image-slice: 100%; border-image-source: none; border-image-width: 1; border-left-color: rgb(238, 238, 238); border-left-style: solid; border-left-width: 1px; border-right-color: rgb(238, 238, 238); border-right-style: solid; border-right-width: 1px; border-top-color: rgb(238, 238, 238); border-top-style: solid; border-top-width: 1px; box-sizing: border-box; padding-bottom: 15px; padding-left: 16px; padding-right: 16px; padding-top: 16px;\">\n<p style=\"box-sizing: border-box; margin-bottom: 16px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;\"><strong style=\"box-sizing: border-box; font-weight: 700;\"><span style=\"box-sizing: border-box; font-size: 13.33px;\">Title<\/span><\/strong><\/p>\n<\/td>\n<td width=\"250\" valign=\"top\" style=\"border-bottom-color: rgb(238, 238, 238); border-bottom-style: solid; border-bottom-width: 1px; border-image-outset: 0; border-image-repeat: stretch; border-image-slice: 100%; border-image-source: none; border-image-width: 1; border-left-color: rgb(238, 238, 238); border-left-style: solid; border-left-width: 1px; border-right-color: rgb(238, 238, 238); border-right-style: solid; border-right-width: 1px; border-top-color: rgb(238, 238, 238); border-top-style: solid; border-top-width: 1px; box-sizing: border-box; padding-bottom: 15px; padding-left: 16px; padding-right: 16px; padding-top: 16px;\">\n<p style=\"box-sizing: border-box; margin-bottom: 16px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;\"><strong style=\"box-sizing: border-box; font-weight: 700;\"><span style=\"box-sizing: border-box; font-size: 13.33px;\">Incentive granted<\/span><\/strong><\/p>\n<\/td>\n<td width=\"238\" valign=\"top\" style=\"border-bottom-color: rgb(238, 238, 238); border-bottom-style: solid; border-bottom-width: 1px; border-image-outset: 0; border-image-repeat: stretch; border-image-slice: 100%; border-image-source: none; border-image-width: 1; border-left-color: rgb(238, 238, 238); border-left-style: solid; border-left-width: 1px; border-right-color: rgb(238, 238, 238); border-right-style: solid; border-right-width: 1px; border-top-color: rgb(238, 238, 238); border-top-style: solid; border-top-width: 1px; box-sizing: border-box; padding-bottom: 15px; padding-left: 16px; padding-right: 16px; padding-top: 16px;\">\n<p style=\"box-sizing: border-box; margin-bottom: 16px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;\"><strong style=\"box-sizing: border-box; font-weight: 700;\"><span style=\"box-sizing: border-box; font-size: 13.33px;\">Criteria for claim<\/span><\/strong><\/p>\n<\/td>\n<\/tr>\n<tr style=\"box-sizing: border-box;\">\n<td width=\"204\" valign=\"top\" style=\"border-bottom-color: rgb(238, 238, 238); border-bottom-style: solid; border-bottom-width: 1px; border-image-outset: 0; border-image-repeat: stretch; border-image-slice: 100%; border-image-source: none; border-image-width: 1; border-left-color: rgb(238, 238, 238); border-left-style: solid; border-left-width: 1px; border-right-color: rgb(238, 238, 238); border-right-style: solid; border-right-width: 1px; border-top-color: rgb(238, 238, 238); border-top-style: solid; border-top-width: 1px; box-sizing: border-box; padding-bottom: 15px; padding-left: 16px; padding-right: 16px; padding-top: 16px;\">\n<p style=\"box-sizing: border-box; margin-bottom: 16px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;\"><strong style=\"box-sizing: border-box; font-weight: 700;\"><span style=\"box-sizing: border-box; font-size: 13.33px;\">Pioneer status<\/span><\/strong><\/p>\n<p style=\"box-sizing: border-box; margin-bottom: 16px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;\"><span style=\"box-sizing: border-box; font-size: 13.33px;\">&nbsp;<\/span><\/p>\n<p style=\"box-sizing: border-box; margin-bottom: 16px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;\"><em style=\"box-sizing: border-box; font-style: italic;\"><span style=\"box-sizing: border-box; font-size: 13.33px;\">Industrial Development (Income Tax<br \/>\n  Relief) Act (&#8220;IDITRA&#8221;), CAP I7, LFN 2004<\/span><\/em><\/p>\n<p style=\"box-sizing: border-box; margin-bottom: 16px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;\"><strong style=\"box-sizing: border-box; font-weight: 700;\"><span style=\"box-sizing: border-box; font-size: 13.33px;\">&nbsp;<\/span><\/strong><\/p>\n<\/td>\n<td width=\"250\" valign=\"top\" style=\"border-bottom-color: rgb(238, 238, 238); border-bottom-style: solid; border-bottom-width: 1px; border-image-outset: 0; border-image-repeat: stretch; border-image-slice: 100%; border-image-source: none; border-image-width: 1; border-left-color: rgb(238, 238, 238); border-left-style: solid; border-left-width: 1px; border-right-color: rgb(238, 238, 238); border-right-style: solid; border-right-width: 1px; border-top-color: rgb(238, 238, 238); border-top-style: solid; border-top-width: 1px; box-sizing: border-box; padding-bottom: 15px; padding-left: 16px; padding-right: 16px; padding-top: 16px;\">\n<p style=\"box-sizing: border-box; margin-bottom: 16px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;\"><span style=\"box-sizing: border-box; font-family: &quot;Arial&quot;,sans-serif; font-size: 13.33px;\"><span style=\"box-sizing: border-box;\">\u2022<span style=\"box-sizing: border-box; font-family: &quot;Times New Roman&quot;; font-size: 9.33px; font-size-adjust: none; font-stretch: normal; font-style: normal; font-variant: normal; font-weight: 400; line-height: normal;\">&nbsp;<br \/>\n  <\/span><\/span><\/span><span style=\"box-sizing: border-box; color: rgb(0, 0, 0); font-size: 13.33px;\">Tax<br \/>\n  holiday for an initial period of three (3) years, subject to further<br \/>\n  extension of up to two (2) years.<\/span><span style=\"box-sizing: border-box; font-size: 13.33px;\"> <\/span><\/p>\n<\/td>\n<td width=\"238\" valign=\"top\" style=\"border-bottom-color: rgb(238, 238, 238); border-bottom-style: solid; border-bottom-width: 1px; border-image-outset: 0; border-image-repeat: stretch; border-image-slice: 100%; border-image-source: none; border-image-width: 1; border-left-color: rgb(238, 238, 238); border-left-style: solid; border-left-width: 1px; border-right-color: rgb(238, 238, 238); border-right-style: solid; border-right-width: 1px; border-top-color: rgb(238, 238, 238); border-top-style: solid; border-top-width: 1px; box-sizing: border-box; padding-bottom: 15px; padding-left: 16px; padding-right: 16px; padding-top: 16px;\">\n<p style=\"box-sizing: border-box; margin-bottom: 16px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;\"><span style=\"box-sizing: border-box; font-size: 13.33px;\">Should belong to industries engaged in products declared as<br \/>\n  &#8220;pioneer products&#8221; subject to fulfilling certain requirements as provided in<br \/>\n  the governing law. Examples of such industries &#8211; manufacturing, processing,<br \/>\n  mining, servicing, agriculture, etc.<\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"box-sizing: border-box;\">\n<td width=\"204\" valign=\"top\" style=\"border-bottom-color: rgb(238, 238, 238); border-bottom-style: solid; border-bottom-width: 1px; border-image-outset: 0; border-image-repeat: stretch; border-image-slice: 100%; border-image-source: none; border-image-width: 1; border-left-color: rgb(238, 238, 238); border-left-style: solid; border-left-width: 1px; border-right-color: rgb(238, 238, 238); border-right-style: solid; border-right-width: 1px; border-top-color: rgb(238, 238, 238); border-top-style: solid; border-top-width: 1px; box-sizing: border-box; padding-bottom: 15px; padding-left: 16px; padding-right: 16px; padding-top: 16px;\">\n<p style=\"box-sizing: border-box; margin-bottom: 16px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;\"><strong style=\"box-sizing: border-box; font-weight: 700;\"><span style=\"box-sizing: border-box; font-size: 13.33px;\">Free trade zone enterprise<\/span><\/strong><\/p>\n<p style=\"box-sizing: border-box; margin-bottom: 16px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;\"><span style=\"box-sizing: border-box; font-size: 13.33px;\">&nbsp;<\/span><\/p>\n<p style=\"box-sizing: border-box; margin-bottom: 16px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;\"><em style=\"box-sizing: border-box; font-style: italic;\"><span style=\"box-sizing: border-box; font-size: 13.33px;\">Nigeria Export Processing Zones<br \/>\n  Act, Cap N107 LFN 2004 (NEPZA)<\/span><\/em><\/p>\n<\/td>\n<td width=\"250\" valign=\"top\" style=\"border-bottom-color: rgb(238, 238, 238); border-bottom-style: solid; border-bottom-width: 1px; border-image-outset: 0; border-image-repeat: stretch; border-image-slice: 100%; border-image-source: none; border-image-width: 1; border-left-color: rgb(238, 238, 238); border-left-style: solid; border-left-width: 1px; border-right-color: rgb(238, 238, 238); border-right-style: solid; border-right-width: 1px; border-top-color: rgb(238, 238, 238); border-top-style: solid; border-top-width: 1px; box-sizing: border-box; padding-bottom: 15px; padding-left: 16px; padding-right: 16px; padding-top: 16px;\">\n<p style=\"box-sizing: border-box; margin-bottom: 16px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;\"><span style=\"box-sizing: border-box; font-family: &quot;Arial&quot;,sans-serif; font-size: 13.33px;\"><span style=\"box-sizing: border-box;\">\u2022<span style=\"box-sizing: border-box; font-family: &quot;Times New Roman&quot;; font-size: 9.33px; font-size-adjust: none; font-stretch: normal; font-style: normal; font-variant: normal; font-weight: 400; line-height: normal;\">&nbsp;<br \/>\n  <\/span><\/span><\/span><span style=\"box-sizing: border-box; color: rgb(0, 0, 0); font-size: 13.33px;\">100% tax<br \/>\n  exemption for approved activities carried out within the zone and unhindered<br \/>\n  repatriation of funds.<\/span><\/p>\n<\/td>\n<td width=\"238\" valign=\"top\" style=\"border-bottom-color: rgb(238, 238, 238); border-bottom-style: solid; border-bottom-width: 1px; border-image-outset: 0; border-image-repeat: stretch; border-image-slice: 100%; border-image-source: none; border-image-width: 1; border-left-color: rgb(238, 238, 238); border-left-style: solid; border-left-width: 1px; border-right-color: rgb(238, 238, 238); border-right-style: solid; border-right-width: 1px; border-top-color: rgb(238, 238, 238); border-top-style: solid; border-top-width: 1px; box-sizing: border-box; padding-bottom: 15px; padding-left: 16px; padding-right: 16px; padding-top: 16px;\">\n<p style=\"box-sizing: border-box; margin-bottom: 16px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;\"><span style=\"box-sizing: border-box; color: rgb(0, 0, 0); font-size: 13.33px;\">An application for a license is<br \/>\n  to be made to the Authority\/Zone Management. Approved activities include<br \/>\n  manufacturing, trading, service provision, etc.<\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"box-sizing: border-box;\">\n<td width=\"204\" valign=\"top\" style=\"border-bottom-color: rgb(238, 238, 238); border-bottom-style: solid; border-bottom-width: 1px; border-image-outset: 0; border-image-repeat: stretch; border-image-slice: 100%; border-image-source: none; border-image-width: 1; border-left-color: rgb(238, 238, 238); border-left-style: solid; border-left-width: 1px; border-right-color: rgb(238, 238, 238); border-right-style: solid; border-right-width: 1px; border-top-color: rgb(238, 238, 238); border-top-style: solid; border-top-width: 1px; box-sizing: border-box; padding-bottom: 15px; padding-left: 16px; padding-right: 16px; padding-top: 16px;\">\n<p style=\"box-sizing: border-box; margin-bottom: 16px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;\"><strong style=\"box-sizing: border-box; font-weight: 700;\"><span style=\"box-sizing: border-box; font-size: 13.33px;\">Incomes exempted from tax<\/span><\/strong><\/p>\n<p style=\"box-sizing: border-box; margin-bottom: 16px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;\"><span style=\"box-sizing: border-box; font-size: 13.33px;\">&nbsp;<\/span><\/p>\n<p style=\"box-sizing: border-box; margin-bottom: 16px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;\"><em style=\"box-sizing: border-box; font-style: italic;\"><span style=\"box-sizing: border-box; font-size: 13.33px;\">Section 23, Companies Income Tax<br \/>\n  Act (CITA) Cap C21, Laws of the Federation of Nigeria, 2004.<\/span><\/em><\/p>\n<\/td>\n<td width=\"250\" valign=\"top\" style=\"border-bottom-color: rgb(238, 238, 238); border-bottom-style: solid; border-bottom-width: 1px; border-image-outset: 0; border-image-repeat: stretch; border-image-slice: 100%; border-image-source: none; border-image-width: 1; border-left-color: rgb(238, 238, 238); border-left-style: solid; border-left-width: 1px; border-right-color: rgb(238, 238, 238); border-right-style: solid; border-right-width: 1px; border-top-color: rgb(238, 238, 238); border-top-style: solid; border-top-width: 1px; box-sizing: border-box; padding-bottom: 15px; padding-left: 16px; padding-right: 16px; padding-top: 16px;\">\n<p style=\"box-sizing: border-box; margin-bottom: 16px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;\"><span style=\"box-sizing: border-box; font-family: &quot;Arial&quot;,sans-serif; font-size: 13.33px;\"><span style=\"box-sizing: border-box;\">\u2022<span style=\"box-sizing: border-box; font-family: &quot;Times New Roman&quot;; font-size: 9.33px; font-size-adjust: none; font-stretch: normal; font-style: normal; font-variant: normal; font-weight: 400; line-height: normal;\">&nbsp;<br \/>\n  <\/span><\/span><\/span><span style=\"box-sizing: border-box; color: rgb(0, 0, 0); font-size: 13.33px;\">Tax<br \/>\n  exemption of various classes of income\/profits e.g. export income, profits<br \/>\n  earned by non-governmental organisations, companies promoting sporting<br \/>\n  activities, tax etc.<\/span><\/p>\n<\/td>\n<td width=\"238\" valign=\"top\" style=\"border-bottom-color: rgb(238, 238, 238); border-bottom-style: solid; border-bottom-width: 1px; border-image-outset: 0; border-image-repeat: stretch; border-image-slice: 100%; border-image-source: none; border-image-width: 1; border-left-color: rgb(238, 238, 238); border-left-style: solid; border-left-width: 1px; border-right-color: rgb(238, 238, 238); border-right-style: solid; border-right-width: 1px; border-top-color: rgb(238, 238, 238); border-top-style: solid; border-top-width: 1px; box-sizing: border-box; padding-bottom: 15px; padding-left: 16px; padding-right: 16px; padding-top: 16px;\">\n<p style=\"box-sizing: border-box; margin-bottom: 16px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;\"><span style=\"box-sizing: border-box; color: rgb(0, 0, 0); font-size: 13.33px;\">Third party evidence of income<br \/>\n  source.<\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"box-sizing: border-box;\">\n<td width=\"204\" valign=\"top\" style=\"border-bottom-color: rgb(238, 238, 238); border-bottom-style: solid; border-bottom-width: 1px; border-image-outset: 0; border-image-repeat: stretch; border-image-slice: 100%; border-image-source: none; border-image-width: 1; border-left-color: rgb(238, 238, 238); border-left-style: solid; border-left-width: 1px; border-right-color: rgb(238, 238, 238); border-right-style: solid; border-right-width: 1px; border-top-color: rgb(238, 238, 238); border-top-style: solid; border-top-width: 1px; box-sizing: border-box; padding-bottom: 15px; padding-left: 16px; padding-right: 16px; padding-top: 16px;\">\n<p style=\"box-sizing: border-box; margin-bottom: 16px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;\"><strong style=\"box-sizing: border-box; font-weight: 700;\"><span style=\"box-sizing: border-box; font-size: 13.33px;\">Rural investment allowance<\/span><\/strong><\/p>\n<p style=\"box-sizing: border-box; margin-bottom: 16px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;\"><span style=\"box-sizing: border-box; font-size: 13.33px;\">&nbsp;<\/span><\/p>\n<p style=\"box-sizing: border-box; margin-bottom: 16px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;\"><em style=\"box-sizing: border-box; font-style: italic;\"><span style=\"box-sizing: border-box; font-size: 13.33px;\">Section 34, CITA<\/span><\/em><\/p>\n<\/td>\n<td width=\"250\" valign=\"top\" style=\"border-bottom-color: rgb(238, 238, 238); border-bottom-style: solid; border-bottom-width: 1px; border-image-outset: 0; border-image-repeat: stretch; border-image-slice: 100%; border-image-source: none; border-image-width: 1; border-left-color: rgb(238, 238, 238); border-left-style: solid; border-left-width: 1px; border-right-color: rgb(238, 238, 238); border-right-style: solid; border-right-width: 1px; border-top-color: rgb(238, 238, 238); border-top-style: solid; border-top-width: 1px; box-sizing: border-box; padding-bottom: 15px; padding-left: 16px; padding-right: 16px; padding-top: 16px;\">\n<p style=\"box-sizing: border-box; margin-bottom: 16px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;\"><span style=\"box-sizing: border-box; font-family: &quot;Arial&quot;,sans-serif; font-size: 13.33px;\"><span style=\"box-sizing: border-box;\">\u2022<span style=\"box-sizing: border-box; font-family: &quot;Times New Roman&quot;; font-size: 9.33px; font-size-adjust: none; font-stretch: normal; font-style: normal; font-variant: normal; font-weight: 400; line-height: normal;\">&nbsp;<br \/>\n  <\/span><\/span><\/span><span style=\"box-sizing: border-box; font-size: 13.33px;\">A portion of expenditure incurred on basic<br \/>\n  infrastructural facilities is granted as an allowance against taxable profit<br \/>\n  ranging from 5%- 100%. <\/span><\/p>\n<\/td>\n<td width=\"238\" valign=\"top\" style=\"border-bottom-color: rgb(238, 238, 238); border-bottom-style: solid; border-bottom-width: 1px; border-image-outset: 0; border-image-repeat: stretch; border-image-slice: 100%; border-image-source: none; border-image-width: 1; border-left-color: rgb(238, 238, 238); border-left-style: solid; border-left-width: 1px; border-right-color: rgb(238, 238, 238); border-right-style: solid; border-right-width: 1px; border-top-color: rgb(238, 238, 238); border-top-style: solid; border-top-width: 1px; box-sizing: border-box; padding-bottom: 15px; padding-left: 16px; padding-right: 16px; padding-top: 16px;\">\n<p style=\"box-sizing: border-box; margin-bottom: 16px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;\"><span style=\"box-sizing: border-box; font-size: 13.33px;\">Incur capital expenditure on provision of <span style=\"box-sizing: border-box; color: rgb(0, 0, 0);\">essential infrastructure located at<br \/>\n  least 20km away from government provided infrastructural facilities.<span style=\"box-sizing: border-box;\">&nbsp; <\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"box-sizing: border-box;\">\n<td width=\"204\" valign=\"top\" style=\"border-bottom-color: rgb(238, 238, 238); border-bottom-style: solid; border-bottom-width: 1px; border-image-outset: 0; border-image-repeat: stretch; border-image-slice: 100%; border-image-source: none; border-image-width: 1; border-left-color: rgb(238, 238, 238); border-left-style: solid; border-left-width: 1px; border-right-color: rgb(238, 238, 238); border-right-style: solid; border-right-width: 1px; border-top-color: rgb(238, 238, 238); border-top-style: solid; border-top-width: 1px; box-sizing: border-box; padding-bottom: 15px; padding-left: 16px; padding-right: 16px; padding-top: 16px;\">\n<p style=\"box-sizing: border-box; margin-bottom: 16px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;\"><strong style=\"box-sizing: border-box; font-weight: 700;\"><span style=\"box-sizing: border-box; font-size: 13.33px;\">Research and development (R&#038;D)<\/span><\/strong><\/p>\n<p style=\"box-sizing: border-box; margin-bottom: 16px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;\"><span style=\"box-sizing: border-box; font-size: 13.33px;\">&nbsp;<\/span><\/p>\n<p style=\"box-sizing: border-box; margin-bottom: 16px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;\"><em style=\"box-sizing: border-box; font-style: italic;\"><span style=\"box-sizing: border-box; font-size: 13.33px;\">Section 26, CITA <\/span><\/em><\/p>\n<\/td>\n<td width=\"250\" valign=\"top\" style=\"border-bottom-color: rgb(238, 238, 238); border-bottom-style: solid; border-bottom-width: 1px; border-image-outset: 0; border-image-repeat: stretch; border-image-slice: 100%; border-image-source: none; border-image-width: 1; border-left-color: rgb(238, 238, 238); border-left-style: solid; border-left-width: 1px; border-right-color: rgb(238, 238, 238); border-right-style: solid; border-right-width: 1px; border-top-color: rgb(238, 238, 238); border-top-style: solid; border-top-width: 1px; box-sizing: border-box; padding-bottom: 15px; padding-left: 16px; padding-right: 16px; padding-top: 16px;\">\n<p style=\"box-sizing: border-box; margin-bottom: 16px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;\"><span style=\"box-sizing: border-box; font-family: &quot;Arial&quot;,sans-serif; font-size: 13.33px;\"><span style=\"box-sizing: border-box;\">\u2022<span style=\"box-sizing: border-box; font-family: &quot;Times New Roman&quot;; font-size: 9.33px; font-size-adjust: none; font-stretch: normal; font-style: normal; font-variant: normal; font-weight: 400; line-height: normal;\">&nbsp;<br \/>\n  <\/span><\/span><\/span><span style=\"box-sizing: border-box; font-size: 13.33px;\">20% investment tax credit on qualifying R&#038;D<br \/>\n  expenditure for companies involved in R&#038;D on a commercial scale.<\/span><\/p>\n<p style=\"box-sizing: border-box; margin-bottom: 16px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;\"><span style=\"box-sizing: border-box; font-size: 13.33px;\">&nbsp;<\/span><\/p>\n<p style=\"box-sizing: border-box; margin-bottom: 16px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;\"><span style=\"box-sizing: border-box; font-family: &quot;Arial&quot;,sans-serif; font-size: 13.33px;\"><span style=\"box-sizing: border-box;\">\u2022<span style=\"box-sizing: border-box; font-family: &quot;Times New Roman&quot;; font-size: 9.33px; font-size-adjust: none; font-stretch: normal; font-style: normal; font-variant: normal; font-weight: 400; line-height: normal;\">&nbsp;<br \/>\n  <\/span><\/span><\/span><span style=\"box-sizing: border-box; font-size: 13.33px;\">Tax deductibility of R&#038;D expense<br \/>\n  (restricted to 10% of total profits) for companies who incur R&#038;D.<\/span><\/p>\n<\/td>\n<td width=\"238\" valign=\"top\" style=\"border-bottom-color: rgb(238, 238, 238); border-bottom-style: solid; border-bottom-width: 1px; border-image-outset: 0; border-image-repeat: stretch; border-image-slice: 100%; border-image-source: none; border-image-width: 1; border-left-color: rgb(238, 238, 238); border-left-style: solid; border-left-width: 1px; border-right-color: rgb(238, 238, 238); border-right-style: solid; border-right-width: 1px; border-top-color: rgb(238, 238, 238); border-top-style: solid; border-top-width: 1px; box-sizing: border-box; padding-bottom: 15px; padding-left: 16px; padding-right: 16px; padding-top: 16px;\">\n<p style=\"box-sizing: border-box; margin-bottom: 16px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;\"><span style=\"box-sizing: border-box; font-size: 13.33px;\">Incur<\/span><span lang=\"EN-GB\" style=\"box-sizing: border-box; font-size: 13.33px;\"> R&#038;D<br \/>\n  expenditure which can be verified.<\/span><\/p>\n<p style=\"box-sizing: border-box; margin-bottom: 16px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;\"><span style=\"box-sizing: border-box; font-size: 13.33px;\">&nbsp;<\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"box-sizing: border-box;\">\n<td width=\"204\" valign=\"top\" style=\"border-bottom-color: rgb(238, 238, 238); border-bottom-style: solid; border-bottom-width: 1px; border-image-outset: 0; border-image-repeat: stretch; border-image-slice: 100%; border-image-source: none; border-image-width: 1; border-left-color: rgb(238, 238, 238); border-left-style: solid; border-left-width: 1px; border-right-color: rgb(238, 238, 238); border-right-style: solid; border-right-width: 1px; border-top-color: rgb(238, 238, 238); border-top-style: solid; border-top-width: 1px; box-sizing: border-box; padding-bottom: 15px; padding-left: 16px; padding-right: 16px; padding-top: 16px;\">\n<p style=\"box-sizing: border-box; margin-bottom: 16px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;\"><strong style=\"box-sizing: border-box; font-weight: 700;\"><span style=\"box-sizing: border-box; font-size: 13.33px;\">Reconstruction investment allowance<br \/>\n  <\/span><\/strong><\/p>\n<p style=\"box-sizing: border-box; margin-bottom: 16px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;\"><span style=\"box-sizing: border-box; font-size: 13.33px;\">&nbsp;<\/span><\/p>\n<p style=\"box-sizing: border-box; margin-bottom: 16px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;\"><em style=\"box-sizing: border-box; font-style: italic;\"><span style=\"box-sizing: border-box; font-size: 13.33px;\">Section 32, CITA<\/span><\/em><\/p>\n<\/td>\n<td width=\"250\" valign=\"top\" style=\"border-bottom-color: rgb(238, 238, 238); border-bottom-style: solid; border-bottom-width: 1px; border-image-outset: 0; border-image-repeat: stretch; border-image-slice: 100%; border-image-source: none; border-image-width: 1; border-left-color: rgb(238, 238, 238); border-left-style: solid; border-left-width: 1px; border-right-color: rgb(238, 238, 238); border-right-style: solid; border-right-width: 1px; border-top-color: rgb(238, 238, 238); border-top-style: solid; border-top-width: 1px; box-sizing: border-box; padding-bottom: 15px; padding-left: 16px; padding-right: 16px; padding-top: 16px;\">\n<p style=\"box-sizing: border-box; margin-bottom: 16px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;\"><span style=\"box-sizing: border-box; font-family: &quot;Arial&quot;,sans-serif; font-size: 13.33px;\"><span style=\"box-sizing: border-box;\">\u2022<span style=\"box-sizing: border-box; font-family: &quot;Times New Roman&quot;; font-size: 9.33px; font-size-adjust: none; font-stretch: normal; font-style: normal; font-variant: normal; font-weight: 400; line-height: normal;\">&nbsp;<br \/>\n  <\/span><\/span><\/span><span style=\"box-sizing: border-box; font-size: 13.33px;\">10%<\/span><span style=\"box-sizing: border-box; font-size: 13.33px;\"><br \/>\n  of expenditure incurred on plant and equipment<\/span><\/p>\n<p style=\"box-sizing: border-box; margin-bottom: 16px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;\"><span style=\"box-sizing: border-box; font-size: 13.33px;\">&nbsp;<\/span><\/p>\n<p style=\"box-sizing: border-box; margin-bottom: 16px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;\"><span style=\"box-sizing: border-box; font-size: 13.33px;\">&nbsp;<\/span><\/p>\n<\/td>\n<td width=\"238\" valign=\"top\" style=\"border-bottom-color: rgb(238, 238, 238); border-bottom-style: solid; border-bottom-width: 1px; border-image-outset: 0; border-image-repeat: stretch; border-image-slice: 100%; border-image-source: none; border-image-width: 1; border-left-color: rgb(238, 238, 238); border-left-style: solid; border-left-width: 1px; border-right-color: rgb(238, 238, 238); border-right-style: solid; border-right-width: 1px; border-top-color: rgb(238, 238, 238); border-top-style: solid; border-top-width: 1px; box-sizing: border-box; padding-bottom: 15px; padding-left: 16px; padding-right: 16px; padding-top: 16px;\">\n<p style=\"box-sizing: border-box; margin-bottom: 16px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;\"><span style=\"box-sizing: border-box; font-size: 13.33px;\">Incur capital expenditure on plant and equipment<\/span><\/p>\n<p style=\"box-sizing: border-box; margin-bottom: 16px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;\"><span style=\"box-sizing: border-box; font-size: 13.33px;\">&nbsp;<\/span><\/p>\n<p style=\"box-sizing: border-box; margin-bottom: 16px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;\"><span style=\"box-sizing: border-box; font-size: 13.33px;\">&nbsp;<\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"box-sizing: border-box;\">\n<td width=\"204\" valign=\"top\" style=\"border-bottom-color: rgb(238, 238, 238); border-bottom-style: solid; border-bottom-width: 1px; border-image-outset: 0; border-image-repeat: stretch; border-image-slice: 100%; border-image-source: none; border-image-width: 1; border-left-color: rgb(238, 238, 238); border-left-style: solid; border-left-width: 1px; border-right-color: rgb(238, 238, 238); border-right-style: solid; border-right-width: 1px; border-top-color: rgb(238, 238, 238); border-top-style: solid; border-top-width: 1px; box-sizing: border-box; padding-bottom: 15px; padding-left: 16px; padding-right: 16px; padding-top: 16px;\">\n<p style=\"box-sizing: border-box; margin-bottom: 16px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;\"><strong style=\"box-sizing: border-box; font-weight: 700;\"><span style=\"box-sizing: border-box; font-size: 13.33px;\">Government bonds<\/span><\/strong><\/p>\n<p style=\"box-sizing: border-box; margin-bottom: 16px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;\"><span style=\"box-sizing: border-box; font-size: 13.33px;\">&nbsp;<\/span><\/p>\n<p style=\"box-sizing: border-box; margin-bottom: 16px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;\"><em style=\"box-sizing: border-box; font-style: italic;\"><span style=\"box-sizing: border-box; font-size: 13.33px;\">Companies income tax (exemption of<br \/>\n  bonds) order, 2011<\/span><\/em><\/p>\n<p style=\"box-sizing: border-box; margin-bottom: 16px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;\"><span style=\"box-sizing: border-box; font-size: 13.33px;\">&nbsp;<\/span><\/p>\n<p style=\"box-sizing: border-box; margin-bottom: 16px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;\"><span style=\"box-sizing: border-box; font-size: 13.33px;\">&nbsp;<\/span><\/p>\n<\/td>\n<td width=\"250\" valign=\"top\" style=\"border-bottom-color: rgb(238, 238, 238); border-bottom-style: solid; border-bottom-width: 1px; border-image-outset: 0; border-image-repeat: stretch; border-image-slice: 100%; border-image-source: none; border-image-width: 1; border-left-color: rgb(238, 238, 238); border-left-style: solid; border-left-width: 1px; border-right-color: rgb(238, 238, 238); border-right-style: solid; border-right-width: 1px; border-top-color: rgb(238, 238, 238); border-top-style: solid; border-top-width: 1px; box-sizing: border-box; padding-bottom: 15px; padding-left: 16px; padding-right: 16px; padding-top: 16px;\">\n<p style=\"box-sizing: border-box; margin-bottom: 16px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;\"><span style=\"box-sizing: border-box; font-family: &quot;Arial&quot;,sans-serif; font-size: 13.33px;\"><span style=\"box-sizing: border-box;\">\u2022<span style=\"box-sizing: border-box; font-family: &quot;Times New Roman&quot;; font-size: 9.33px; font-size-adjust: none; font-stretch: normal; font-style: normal; font-variant: normal; font-weight: 400; line-height: normal;\">&nbsp; <\/span><\/span><\/span><span style=\"box-sizing: border-box; font-size: 13.33px;\">Short term securities e.g. treasury bills<br \/>\n  and promissory notes issued by Federal, State, Local and Supranational Agencies<br \/>\n  and interest earned by holders are exempt from companies income tax<\/span><\/p>\n<\/td>\n<td width=\"238\" valign=\"top\" style=\"border-bottom-color: rgb(238, 238, 238); border-bottom-style: solid; border-bottom-width: 1px; border-image-outset: 0; border-image-repeat: stretch; border-image-slice: 100%; border-image-source: none; border-image-width: 1; border-left-color: rgb(238, 238, 238); border-left-style: solid; border-left-width: 1px; border-right-color: rgb(238, 238, 238); border-right-style: solid; border-right-width: 1px; border-top-color: rgb(238, 238, 238); border-top-style: solid; border-top-width: 1px; box-sizing: border-box; padding-bottom: 15px; padding-left: 16px; padding-right: 16px; padding-top: 16px;\">\n<p style=\"box-sizing: border-box; margin-bottom: 16px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;\"><span style=\"box-sizing: border-box; font-size: 13.33px;\">The exemption order is for a period of 10 years to expire<br \/>\n  December 2021. <\/span><\/p>\n<p style=\"box-sizing: border-box; margin-bottom: 16px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;\"><span style=\"box-sizing: border-box; font-size: 13.33px;\">However, only Federal Government bonds remain exempted from CIT<br \/>\n  for more than 10 years. <\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"box-sizing: border-box;\">\n<td width=\"204\" valign=\"top\" style=\"border-bottom-color: rgb(238, 238, 238); border-bottom-style: solid; border-bottom-width: 1px; border-image-outset: 0; border-image-repeat: stretch; border-image-slice: 100%; border-image-source: none; border-image-width: 1; border-left-color: rgb(238, 238, 238); border-left-style: solid; border-left-width: 1px; border-right-color: rgb(238, 238, 238); border-right-style: solid; border-right-width: 1px; border-top-color: rgb(238, 238, 238); border-top-style: solid; border-top-width: 1px; box-sizing: border-box; padding-bottom: 15px; padding-left: 16px; padding-right: 16px; padding-top: 16px;\">\n<p style=\"box-sizing: border-box; margin-bottom: 16px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;\"><strong style=\"box-sizing: border-box; font-weight: 700;\"><span style=\"box-sizing: border-box; font-size: 13.33px;\">Capital allowance<\/span><\/strong><\/p>\n<p style=\"box-sizing: border-box; margin-bottom: 16px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;\"><span style=\"box-sizing: border-box; font-size: 13.33px;\">&nbsp;<\/span><\/p>\n<p style=\"box-sizing: border-box; margin-bottom: 16px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;\"><em style=\"box-sizing: border-box; font-style: italic;\"><span style=\"box-sizing: border-box; font-size: 13.33px;\">Schedule II of CITA<\/span><\/em><\/p>\n<\/td>\n<td width=\"250\" valign=\"top\" style=\"border-bottom-color: rgb(238, 238, 238); border-bottom-style: solid; border-bottom-width: 1px; border-image-outset: 0; border-image-repeat: stretch; border-image-slice: 100%; border-image-source: none; border-image-width: 1; border-left-color: rgb(238, 238, 238); border-left-style: solid; border-left-width: 1px; border-right-color: rgb(238, 238, 238); border-right-style: solid; border-right-width: 1px; border-top-color: rgb(238, 238, 238); border-top-style: solid; border-top-width: 1px; box-sizing: border-box; padding-bottom: 15px; padding-left: 16px; padding-right: 16px; padding-top: 16px;\">\n<p style=\"box-sizing: border-box; margin-bottom: 16px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;\"><span style=\"box-sizing: border-box; font-family: &quot;Arial&quot;,sans-serif; font-size: 13.33px;\"><span style=\"box-sizing: border-box;\">\u2022<span style=\"box-sizing: border-box; font-family: &quot;Times New Roman&quot;; font-size: 9.33px; font-size-adjust: none; font-stretch: normal; font-style: normal; font-variant: normal; font-weight: 400; line-height: normal;\">&nbsp;<br \/>\n  <\/span><\/span><\/span><span style=\"box-sizing: border-box; font-size: 13.33px;\">Allowance is granted against profits, in<br \/>\n  lieu of depreciation. The applicable rates are dependent on class of assets<br \/>\n  and range from 25% to 95%<span style=\"box-sizing: border-box;\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <\/span><\/span><\/p>\n<\/td>\n<td width=\"238\" valign=\"top\" style=\"border-bottom-color: rgb(238, 238, 238); border-bottom-style: solid; border-bottom-width: 1px; border-image-outset: 0; border-image-repeat: stretch; border-image-slice: 100%; border-image-source: none; border-image-width: 1; border-left-color: rgb(238, 238, 238); border-left-style: solid; border-left-width: 1px; border-right-color: rgb(238, 238, 238); border-right-style: solid; border-right-width: 1px; border-top-color: rgb(238, 238, 238); border-top-style: solid; border-top-width: 1px; box-sizing: border-box; padding-bottom: 15px; padding-left: 16px; padding-right: 16px; padding-top: 16px;\">\n<p style=\"box-sizing: border-box; margin-bottom: 16px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;\"><span style=\"box-sizing: border-box; font-size: 13.33px;\">Assets must be owned by the taxpayer, must be used for the<br \/>\n  trade\/business and be in use as at the end of the basis period.<\/span><\/p>\n<p style=\"box-sizing: border-box; margin-bottom: 16px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;\"><span style=\"box-sizing: border-box; font-size: 13.33px;\">&nbsp;<\/span><\/p>\n<p style=\"box-sizing: border-box; margin-bottom: 16px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;\"><span style=\"box-sizing: border-box; font-size: 13.33px;\">Verification and approval by regulators is often required where<br \/>\n  the value of the assets exceed \u20a6500,000. <\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"box-sizing: border-box;\">\n<td width=\"204\" valign=\"top\" style=\"border-bottom-color: rgb(238, 238, 238); border-bottom-style: solid; border-bottom-width: 1px; border-image-outset: 0; border-image-repeat: stretch; border-image-slice: 100%; border-image-source: none; border-image-width: 1; border-left-color: rgb(238, 238, 238); border-left-style: solid; border-left-width: 1px; border-right-color: rgb(238, 238, 238); border-right-style: solid; border-right-width: 1px; border-top-color: rgb(238, 238, 238); border-top-style: solid; border-top-width: 1px; box-sizing: border-box; padding-bottom: 15px; padding-left: 16px; padding-right: 16px; padding-top: 16px;\">\n<p style=\"box-sizing: border-box; margin-bottom: 16px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;\"><strong style=\"box-sizing: border-box; font-weight: 700;\"><span style=\"box-sizing: border-box; font-size: 13.33px;\">Minimum tax exemption<\/span><\/strong><\/p>\n<p style=\"box-sizing: border-box; margin-bottom: 16px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;\"><span style=\"box-sizing: border-box; font-size: 13.33px;\">&nbsp;<\/span><\/p>\n<p style=\"box-sizing: border-box; margin-bottom: 16px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;\"><em style=\"box-sizing: border-box; font-style: italic;\"><span style=\"box-sizing: border-box; font-size: 13.33px;\">Section 33, CITA<\/span><\/em><\/p>\n<\/td>\n<td width=\"250\" valign=\"top\" style=\"border-bottom-color: rgb(238, 238, 238); border-bottom-style: solid; border-bottom-width: 1px; border-image-outset: 0; border-image-repeat: stretch; border-image-slice: 100%; border-image-source: none; border-image-width: 1; border-left-color: rgb(238, 238, 238); border-left-style: solid; border-left-width: 1px; border-right-color: rgb(238, 238, 238); border-right-style: solid; border-right-width: 1px; border-top-color: rgb(238, 238, 238); border-top-style: solid; border-top-width: 1px; box-sizing: border-box; padding-bottom: 15px; padding-left: 16px; padding-right: 16px; padding-top: 16px;\">\n<p style=\"box-sizing: border-box; margin-bottom: 16px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;\"><span style=\"box-sizing: border-box; font-family: &quot;Arial&quot;,sans-serif; font-size: 13.33px;\"><span style=\"box-sizing: border-box;\">\u2022<span style=\"box-sizing: border-box; font-family: &quot;Times New Roman&quot;; font-size: 9.33px; font-size-adjust: none; font-stretch: normal; font-style: normal; font-variant: normal; font-weight: 400; line-height: normal;\">&nbsp;<br \/>\n  <\/span><\/span><\/span><span style=\"box-sizing: border-box; font-size: 13.33px;\">Ordinarily, there is minimum amount of tax<br \/>\n  payable by companies.<span style=\"box-sizing: border-box;\">&nbsp; <\/span>However, there<br \/>\n  are exemptions to this rule. <\/span><\/p>\n<p style=\"box-sizing: border-box; margin-bottom: 16px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;\"><span style=\"box-sizing: border-box; font-size: 13.33px;\">&nbsp;<\/span><\/p>\n<\/td>\n<td width=\"238\" valign=\"top\" style=\"border-bottom-color: rgb(238, 238, 238); border-bottom-style: solid; border-bottom-width: 1px; border-image-outset: 0; border-image-repeat: stretch; border-image-slice: 100%; border-image-source: none; border-image-width: 1; border-left-color: rgb(238, 238, 238); border-left-style: solid; border-left-width: 1px; border-right-color: rgb(238, 238, 238); border-right-style: solid; border-right-width: 1px; border-top-color: rgb(238, 238, 238); border-top-style: solid; border-top-width: 1px; box-sizing: border-box; padding-bottom: 15px; padding-left: 16px; padding-right: 16px; padding-top: 16px;\">\n<p style=\"box-sizing: border-box; margin-bottom: 16px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;\"><span style=\"box-sizing: border-box; font-size: 13.33px;\">Exemptions are for companies that have at least 25% foreign<br \/>\n  equity; or that are engage in agricultural trade\/business; or that are within<br \/>\n  the first four calendar years of commencement of business<\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"box-sizing: border-box;\">\n<td width=\"204\" valign=\"top\" style=\"border-bottom-color: rgb(238, 238, 238); border-bottom-style: solid; border-bottom-width: 1px; border-image-outset: 0; border-image-repeat: stretch; border-image-slice: 100%; border-image-source: none; border-image-width: 1; border-left-color: rgb(238, 238, 238); border-left-style: solid; border-left-width: 1px; border-right-color: rgb(238, 238, 238); border-right-style: solid; border-right-width: 1px; border-top-color: rgb(238, 238, 238); border-top-style: solid; border-top-width: 1px; box-sizing: border-box; padding-bottom: 15px; padding-left: 16px; padding-right: 16px; padding-top: 16px;\">\n<p style=\"box-sizing: border-box; margin-bottom: 16px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;\"><strong style=\"box-sizing: border-box; font-weight: 700;\"><span style=\"box-sizing: border-box; font-size: 13.33px;\">Loss carry forward<\/span><\/strong><\/p>\n<p style=\"box-sizing: border-box; margin-bottom: 16px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;\"><span style=\"box-sizing: border-box; font-size: 13.33px;\">&nbsp;<\/span><\/p>\n<p style=\"box-sizing: border-box; margin-bottom: 16px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;\"><em style=\"box-sizing: border-box; font-style: italic;\"><span style=\"box-sizing: border-box; font-size: 13.33px;\">Section 31(2), CITA<\/span><\/em><\/p>\n<\/td>\n<td width=\"250\" valign=\"top\" style=\"border-bottom-color: rgb(238, 238, 238); border-bottom-style: solid; border-bottom-width: 1px; border-image-outset: 0; border-image-repeat: stretch; border-image-slice: 100%; border-image-source: none; border-image-width: 1; border-left-color: rgb(238, 238, 238); border-left-style: solid; border-left-width: 1px; border-right-color: rgb(238, 238, 238); border-right-style: solid; border-right-width: 1px; border-top-color: rgb(238, 238, 238); border-top-style: solid; border-top-width: 1px; box-sizing: border-box; padding-bottom: 15px; padding-left: 16px; padding-right: 16px; padding-top: 16px;\">\n<p style=\"box-sizing: border-box; margin-bottom: 16px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;\"><span style=\"box-sizing: border-box; font-family: &quot;Arial&quot;,sans-serif; font-size: 13.33px;\"><span style=\"box-sizing: border-box;\">\u2022<span style=\"box-sizing: border-box; font-family: &quot;Times New Roman&quot;; font-size: 9.33px; font-size-adjust: none; font-stretch: normal; font-style: normal; font-variant: normal; font-weight: 400; line-height: normal;\">&nbsp;<br \/>\n  <\/span><\/span><\/span><span style=\"box-sizing: border-box; font-size: 13.33px;\">Tax losses can be carried forward to offset<br \/>\n  future taxes. There are however two exceptions to this general rule as<br \/>\n  follows;<\/span><\/p>\n<p style=\"box-sizing: border-box; margin-bottom: 16px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;\"><span style=\"box-sizing: border-box; font-size: 13.33px;\">&nbsp;<\/span><\/p>\n<p style=\"box-sizing: border-box; margin-bottom: 16px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;\"><span style=\"box-sizing: border-box; font-size: 13.33px;\"><span style=\"box-sizing: border-box;\">\u2212<span style=\"box-sizing: border-box; font-family: &quot;Times New Roman&quot;; font-size: 9.33px; font-size-adjust: none; font-stretch: normal; font-style: normal; font-variant: normal; font-weight: 400; line-height: normal;\">&nbsp;&nbsp;<br \/>\n  <\/span><\/span><\/span><span style=\"box-sizing: border-box; font-size: 13.33px;\">Losses made by insurance companies cannot<br \/>\n  be carried forward beyond a period of 4 years<\/span><\/p>\n<p style=\"box-sizing: border-box; margin-bottom: 16px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;\"><span style=\"box-sizing: border-box; font-size: 13.33px;\">&nbsp;<\/span><\/p>\n<p style=\"box-sizing: border-box; margin-bottom: 16px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;\"><span style=\"box-sizing: border-box; font-size: 13.33px;\"><span style=\"box-sizing: border-box;\">\u2212<span style=\"box-sizing: border-box; font-family: &quot;Times New Roman&quot;; font-size: 9.33px; font-size-adjust: none; font-stretch: normal; font-style: normal; font-variant: normal; font-weight: 400; line-height: normal;\">&nbsp;&nbsp;<br \/>\n  <\/span><\/span><\/span><span style=\"box-sizing: border-box; font-size: 13.33px;\">Losses made by a company during<br \/>\n  commencement period cannot be carried forward beyond the fourth year<\/span><\/p>\n<\/td>\n<td width=\"238\" valign=\"top\" style=\"border-bottom-color: rgb(238, 238, 238); border-bottom-style: solid; border-bottom-width: 1px; border-image-outset: 0; border-image-repeat: stretch; border-image-slice: 100%; border-image-source: none; border-image-width: 1; border-left-color: rgb(238, 238, 238); border-left-style: solid; border-left-width: 1px; border-right-color: rgb(238, 238, 238); border-right-style: solid; border-right-width: 1px; border-top-color: rgb(238, 238, 238); border-top-style: solid; border-top-width: 1px; box-sizing: border-box; padding-bottom: 15px; padding-left: 16px; padding-right: 16px; padding-top: 16px;\">\n<p style=\"box-sizing: border-box; margin-bottom: 16px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;\"><span style=\"box-sizing: border-box; font-size: 13.33px;\">Have a taxable loss<\/span><\/p>\n<p style=\"box-sizing: border-box; margin-bottom: 16px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;\"><span style=\"box-sizing: border-box; font-size: 13.33px;\">&nbsp;<\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"box-sizing: border-box;\">\n<td width=\"204\" valign=\"top\" style=\"border-bottom-color: rgb(238, 238, 238); border-bottom-style: solid; border-bottom-width: 1px; border-image-outset: 0; border-image-repeat: stretch; border-image-slice: 100%; border-image-source: none; border-image-width: 1; border-left-color: rgb(238, 238, 238); border-left-style: solid; border-left-width: 1px; border-right-color: rgb(238, 238, 238); border-right-style: solid; border-right-width: 1px; border-top-color: rgb(238, 238, 238); border-top-style: solid; border-top-width: 1px; box-sizing: border-box; padding-bottom: 15px; padding-left: 16px; padding-right: 16px; padding-top: 16px;\">\n<p style=\"box-sizing: border-box; margin-bottom: 16px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;\"><strong style=\"box-sizing: border-box; font-weight: 700;\"><span style=\"box-sizing: border-box; font-size: 13.33px;\">Small business relief<\/span><\/strong><\/p>\n<p style=\"box-sizing: border-box; margin-bottom: 16px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;\"><span style=\"box-sizing: border-box; font-size: 13.33px;\">&nbsp;<\/span><\/p>\n<p style=\"box-sizing: border-box; margin-bottom: 16px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;\">\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Tax incentives in Nigeria&#8230;<\/p>\n","protected":false},"author":1018,"featured_media":35700,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center 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