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Nairaland Forum / Nairaland / General / Business / How You Can Get Tax Exemption Like TSTV (25320 Views)
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How You Can Get Tax Exemption Like TSTV by Opinionated: 2:41pm On Oct 03, 2017 |
One of the biggest news of the weekend was the announcement of a 3-year tax exemption for TSTV by Alhaji Lai Mohammed, Nigeria’s Minister of Information and Culture. This got the TSTV MD/CEO, Bright Echefu, those at the launch and even beyond very excited. However, what many do not know is that there are certain types of business that qualify for the same tax exemption in Nigeria. Are you wondering what they are? Don’t worry, we have the new list of these businesses in what is called Pioneer Relief which allows you to get 3 years tax exemption and a possible additional 2-year extension making a total of 5 years. We know, you cannot wait here it is: The new industries added to the PSI list are as follows: 1. Mining and processing of coal; 2. Processing and preservation of meat/poultry and production of meat/poultry products; 3. Manufacture of starches and starch products; 4. Processing of cocoa; 5. Manufacture of animal feeds; 6. Tanning and dressing of Leather; 7. Manufacture of leather footwear, luggage and handbags; 8. Manufacture of household and personal hygiene paper products; 9. Manufacture of paints, vanishes and printing ink; 10. Manufacture of plastic products (builders’ plastic ware) and moulds; 11. Manufacture of batteries and accumulators; 12. Manufacture of steam generators; 13. Manufacture of railway locomotives, wagons and rolling stock; 14. Manufacture of metal-forming machinery and machine tools; 15. Manufacture of machinery for metallurgy; 16. Manufacture of machinery for food and beverage processing; 17. Manufacture of machinery for textile, apparel and leather production; 18. Manufacture of machinery for paper and paperboard production; 19. Manufacture of plastics and rubber machinery; 20. Waste treatment, disposal and material recovery; 21. E-commerce services; 22. Software development and publishing; 23. Motion picture, video and television programme production, distribution, exhibition and photography; 24. Music production, publishing and distribution; 25. Real estate investment vehicles under the Investments and Securities Act; 26. Mortgage backed securities under the Investments and Securities Act; and 27. Business process outsourcing. This policy was initially established in the Industrial Development (Income Tax Relief) Act and then reviewed by the Nigerian Investment Promotion Commission (NIPC) created additional provisions which took effect on 30th January 2014. This latest list of industries was released by the Federal Ministry of Industry, Trade and Investment on 7th August 2017. Source: http://www.opinions.ng/ultimate-tip-can-get-tax-exemption-like-tstv/ 30 Likes 8 Shares |
Re: How You Can Get Tax Exemption Like TSTV by obidevine(m): 6:02pm On Oct 03, 2017 |
Lalasticlala please I think this is a very educative and informative post. Please move to front page. 3 Likes |
Re: How You Can Get Tax Exemption Like TSTV by 9jvirgin(m): 8:15pm On Oct 03, 2017 |
It's a lie, wake up from your slumber dude. This guy will pay more dearly than paying Taxes. Nothing is free in a black man's world, certainly not in Nigeria. He will learn his lessons in few years; MAYBE 2019. |
Re: How You Can Get Tax Exemption Like TSTV by veekid(m): 8:16pm On Oct 03, 2017 |
Arrange a babe for Lai Muhammed, the rest na history 7 Likes 1 Share |
Re: How You Can Get Tax Exemption Like TSTV by phameous: 8:17pm On Oct 03, 2017 |
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Re: How You Can Get Tax Exemption Like TSTV by colossus91(m): 8:17pm On Oct 03, 2017 |
lol i hear |
Re: How You Can Get Tax Exemption Like TSTV by Nobody: 8:18pm On Oct 03, 2017 |
OP why do you have to wait till TSTV got tax exemption before bring this info? We don't utilize opportunities till some persons get it then everyone overcrowds the boat to get it. 34 Likes |
Re: How You Can Get Tax Exemption Like TSTV by Nobody: 8:18pm On Oct 03, 2017 |
Good post, and thanks |
Re: How You Can Get Tax Exemption Like TSTV by Nobody: 8:18pm On Oct 03, 2017 |
good |
Re: How You Can Get Tax Exemption Like TSTV by BornnAgainChild(f): 8:18pm On Oct 03, 2017 |
How about frying coconut...does that also get a tax exemption...cos thats what i intend venturing into 13 Likes |
Re: How You Can Get Tax Exemption Like TSTV by ultron12345: 8:19pm On Oct 03, 2017 |
. |
Re: How You Can Get Tax Exemption Like TSTV by toyinjimoh(m): 8:19pm On Oct 03, 2017 |
Dstv should park their load as soon as possible the era of exploitation is over 11 Likes 1 Share |
Re: How You Can Get Tax Exemption Like TSTV by Danny287(m): 8:19pm On Oct 03, 2017 |
ok |
Re: How You Can Get Tax Exemption Like TSTV by greatiyk4u(m): 8:19pm On Oct 03, 2017 |
CHANGE IS HERE WITH US Time to stop the complains and take advantage of this great offer that is for reasonable Nigerians with the right entrepreneurial mindset STOP WISHING/PRAYING FOR IT, WORK 4 IT 1 Like |
Re: How You Can Get Tax Exemption Like TSTV by Broderick555: 8:19pm On Oct 03, 2017 |
This one join according to Warri people |
Re: How You Can Get Tax Exemption Like TSTV by ICEFLAME419ja(m): 8:20pm On Oct 03, 2017 |
Make dem no kill am like hitv oooo |
Re: How You Can Get Tax Exemption Like TSTV by BabyApple(m): 8:20pm On Oct 03, 2017 |
This will attract more investors |
Re: How You Can Get Tax Exemption Like TSTV by MySay(m): 8:20pm On Oct 03, 2017 |
very good initiative |
Re: How You Can Get Tax Exemption Like TSTV by scofieldsimba(m): 8:21pm On Oct 03, 2017 |
Yahoo boys no dey pay tax... ![]() 12 Likes |
Re: How You Can Get Tax Exemption Like TSTV by lollypeezle(m): 8:21pm On Oct 03, 2017 |
Learn to always appreciate good things . And for your info, many things are free in a black man's world 9jvirgin: 8 Likes |
Re: How You Can Get Tax Exemption Like TSTV by biolashn(m): 8:21pm On Oct 03, 2017 |
nice one...pioneer right of election.....3years tstv sha wan crash d whole market..... |
Re: How You Can Get Tax Exemption Like TSTV by Valjinn(m): 8:21pm On Oct 03, 2017 |
Nice if true |
Re: How You Can Get Tax Exemption Like TSTV by Nobody: 8:22pm On Oct 03, 2017 |
ICEFLAME419ja: Hitv messed themselves up....by thinking that Nigerians bought cable TV for football. Then their bouquet was poor. TSTV appears to have a much better bouquet than hitv. 8 Likes |
Re: How You Can Get Tax Exemption Like TSTV by PrincessBecks(f): 8:22pm On Oct 03, 2017 |
Way to go |
Re: How You Can Get Tax Exemption Like TSTV by PrincessBecks(f): 8:24pm On Oct 03, 2017 |
9jvirgin: You don't say that |
Re: How You Can Get Tax Exemption Like TSTV by dhardline(m): 8:24pm On Oct 03, 2017 |
I believe this will work for only federal tax, cause Lagos State will tax your business, your customers and even the goods you produce. Lagos and tax are like.... someone please add that picture. 3 Likes |
Re: How You Can Get Tax Exemption Like TSTV by ikp120(m): 8:25pm On Oct 03, 2017 |
Great info mehn! Time to get some fvcking tax exempt! ![]() |
Re: How You Can Get Tax Exemption Like TSTV by speaktome(m): 8:27pm On Oct 03, 2017 |
Am into Fabrication of Agricultural machines.... Why have they been disturbing me for Tax ![]() ![]() ![]() ![]() #MySignatureMyBusiness 9 Likes 1 Share
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Re: How You Can Get Tax Exemption Like TSTV by uyisteven(m): 8:28pm On Oct 03, 2017 |
PrincessBecks:***** Forgive me but I'm Just Curious Miss.. . Who introduced you to Nairaland ![]() |
Re: How You Can Get Tax Exemption Like TSTV by uyisteven(m): 8:28pm On Oct 03, 2017 |
Re: How You Can Get Tax Exemption Like TSTV by Iseoluwani: 8:29pm On Oct 03, 2017 |
I just want to say by the time you finish reading this piece you will discover that I actually took two minutes of your time, so gimme my likew 1 Like 1 Share |
Re: How You Can Get Tax Exemption Like TSTV by Tonyreal49(m): 8:31pm On Oct 03, 2017 |
Una just dey advertise this Tstv like say e go put food for we table kilode 1 Like |
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