Companies

New bill seeks N100 million minimum capital for companies to enjoy pioneer status

by OWEDE AGBAJILEKE & HARRISON EDEH, Abuja

June 11, 2018 | 7:11 pm
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A new bill, the Industrial Development (Income Tax Relief) Act (Amendment) Bill, is in the process of legalising a N100 million minimum capital as the requirement for indigenous companies to enjoy pioneer status, which comes several incentives. The bill, if passed, will cut off SMEs from enjoying the perks that come with being recognised as…

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by OWEDE AGBAJILEKE & HARRISON EDEH, Abuja

June 11, 2018 | 7:11 pm
  |     |     |   Start Conversation

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