Katsina cuts taxes, fees for businesses

The Katsina State Government has approved tax relief packages as measures to mitigate Impact of COVID-19 Pandemic on businesses in the State.

A statement by the state chairman Board of Internal Revenue, Alhaji Aminu Abdulmumini, said the state governor, Aminu Bello Masari, gave the approval.

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The measures cover outstanding tax liability reduced from 100 per cent to 75% interest and penalties with waiver of 50 per cent while annual returns have 100% amnesty.

Others are rebates on road taxes with 20 per cent reduction on all charges except New National Plate Number (NNPN), whereas livestock and produce Charges has 50% reduction on all official rates.

These measures include reduction of 25% in tax liability from October 1, 2020 to June 30, 2020; Waiver on interest and penalties from October 1 to June 30, 2021; Amnesty for default on filing annual returns from October 1 to December 30, 2020

Others were Rebate on road taxes from October to October 31, 2021; Incentive on tax due for new taxpayers from October to March 30, 2021, while pruning of livestock/produce fee is from October  to December 30, 2020.