Go to AfricaBib home

Go to AfricaBib home AfricaBib Go to database home

bibliographic database
Previous page New search

The free AfricaBib App for Android is available here

Periodical article Periodical article Leiden University catalogue Leiden University catalogue WorldCat catalogue WorldCat
Title:Nigeria's experience with income tax exemption - a preliminary assessment
Author:Phillips, A.O.
Periodical:The Nigerian Journal of Economic and Social Studies
Geographic term:Nigeria
Subjects:income tax
business promotion
Abstract:The two major tax incentives offered to industrial entrepreneurs in Nigeria are a) relief from import duties under the Industrial Development (Import Duties Relief) Act 1958, and b) exemption from company income tax, since 1958 under the Industrial Development (Income Tax Relief) Act. This income tax exemption, granted on a selective basis, is available only to a pioneer company, that is a public company awarded a pioneer certificate and operating in an industry which has been declared a pioneer industry. The aim of this paper is to enquire into the income tax exemption's operation and effects, with respect to Nigeria's pioneer companies relief. The paper's first part briefly outlines the main features of the income tax relief programme. The second and major part analyzes some available data on the operation and cost of the programme with a view to appraising it. Notes, tables.