Katsina gov’t announces tax reduction to mitigate COVID-19 impact
The Katsina state Board of Internal Revenue, has announced tax relief packages as part of palliative measures to mitigate impact of coronavirus pandemic on the people.
Aminu D. Abdulmumi, the Chairman / Chief Executive of the state board disclosed this in press statement he signed and made available to newsmen, said Governor Aminu Bello Masari has approved the reduction of taxes and fees that specifically covers economic and agricultural sectors to bring succour to small and medium business due to the effect of Covid-19.
He explained, ” the measures cover outstanding tax liability reduced from 100 per cent to 75 per cent interest and penalties with waiver of 50 per cent, while annual returns has 100 per cent amnesty.
“Other are rebate on road taxes with 20 per cent reduction on all charges except new National Plate Number (NNPN), where as livestock and produce charges has 50 per cent on all official rates.”
The Chairman further added that all palliative measures approved by the Governor will take effect from 1st October, 2020 and shall last as stipulated in the respective measures between December 31st 2020 to 31st October, 2021.