Home / News / Akwa Ibom gov’t approves tax vacation for tax payers – The Nation Nigeria

Akwa Ibom gov’t approves tax vacation for tax payers – The Nation Nigeria

Akwa Ibom gov’t approves tax vacation for tax payers – The Nation Nigeria

Company Reporter

Akwa Ibom state authorities has authorized a tax vacation for all classes of tax payers within the state in a bid to cushion the hostile impact of the Coronavirus pandemic on individuals and companies.

Governor Udom Emmanuel gave the approval on Friday through the State Government Council assembly, directing the state ministry of finance is to work out modalities for speedy implementation of this determination, in keeping with the federal government’s spokesperson.

Briefing authorities home correspondents on the finish of the assembly, Commissioner for Info, Sir Charles Udoh, stated the choice was according to the World Financial institution necessities for giving out grants and help to state governments in addition to a choice taken on the Governors’ discussion board for grants and reward to cushion the consequences of COVID-19 pandemic within the nation.

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“Main choices taken at present (Friday)/embrace the approval to start a means of figuring out modalities for implementation of tax aid to tax payers in Akwa Ibom State for 2020 tax yr.

“That is in consideration of the hostile impact of COVID-19 pandemic and according to the requirement of World Financial institution for grants and help to state governments.

“It’s also a choice reached on the Governors’ discussion board for grants and reward to cushion the impact of COVID-19 pandemic.”

Particulars of the waiver is being labored out by the Ministry of Finance and will likely be printed in the end”, Sir Udoh said.

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Udoh disclosed that the council additionally thought-about report on management coaching for senior civil servants to be sponsored by the State Authorities in addition to commissioning of blocks of flats constructed by the state authorities below the second part of Barracks Rehabilitation Initiative for the Nigerian Military on the Six Amphibious Battalion, Wellington Bassey Barracks, Ibagwa, Abak, and introduced that the blocks of flat could be due for inauguration in two weeks.

The Info Commissioner stated the council additionally acquired report of a Memorandum of Understanding signed to settle an age – lengthy boundary dispute between Nung Oku Ekanem and Afaha Obio villages in Onna native authorities space.

On the reopening of colleges, the Commissioner stated exco directed the incident administration committee on to work out protocols and pointers for resumption of colleges and current similar to the council for consideration.

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“Exco additionally deliberated on faculty resumption and naturally has not arrived at a last conclusion however the Commissioner for Well being, Dr Dominic Ukpong and the State COVID-19 Administration Committee have been mandated to exercise modalities for resumption.

“In case you recall earlier than the partial reopening of church buildings we needed to undergo sure processes and protocol, right here we’re additionally going via the identical course of to make sure that no particular person is endangered and the lives of our youngsters and even the academics usually are not endangered”.

Akwa Ibom gov’t approves tax vacation for tax payers – The Nation Nigeria

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