The Nigerian Governors’ Forum on Sunday said each state government would receive $2.5m performance-based grants for implementing tax relief programmes for individual taxpayers and businesses to mitigate COVID-19 impact.
The virtual meeting, according to the statement, was held under the States’ Fiscal Transparency, Accountability and Sustainability Programme for Results, midwifed by the Federal Ministry of Finance, Budget and National Planning . “Furthermore, the State government should issue to their tax officials and collecting agents, guidelines for the implementation of the reliefs to ensure consistent execution by all and sundry.”
These include extension of filing and payment dates, tax moratoriums, waivers or reduction of penalties and interests over the extension period.
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