Finance Bill: Dangote, 7UP, 170 firms may lose N2.4tn tax waivers

172 companies fit no benefit from N2.4tn tax waivers under di Pioneer Status Incentive and other tax exemptions as di Federal Government wan phase out some tax waivers effective 2022.

Di Federal Government wan phase out di tax exemptions for mature industries with di 2022 Finance Bill, wey President, Major General Muhammadu Buhari (retd.), don send to di National Assembly.

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Di Minister of Finance, Budget and National Planning, Zainab Ahmed, yarn say di bill dey designed to support di implementation of di 2023 budget as di government step up efforts to grow tax revenue.

Di latest move by di government go follow affect companies wey dey operate in 71 industries or sectors wey dey eligible for Pioneer Status Incentive.

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