The Yobe State Board of Internal Revenue has implemented a 10 per cent relief on all tax assessments for 2019 and 2020 for residents and corporate organisations in the state.
It explained that the gesture was to reduce the impact of the COVID-19 pandemic on the beneficiaries.
A statement signed by the Secretary/Legal Adviser to the Board, Rakiya Muktar, made available to our correspondent on Sunday in Abuja, explained that the reduction was with effect from September 30, 2020.
It, however, added that only individuals and enterprises that pay within stipulated time would enjoy the tax relief.
“On June 18, 2020, the Yobe State House of Assembly Committee on Finance and Appropriation, in consultation with the Ministry of Budget and Planning and the State Board of Internal Revenue, reduced the expected revenue from all individuals and enterprises in the state by 10 per cent as relief to cushion the economic impact of the COVID-19 pandemic,” Muktar stated.
She appealed to the media, civil society organisations and other stakeholders to sensitise taxpayers on the structure of the tax compliance relief programme between now and the commencement date so as to take advantage of the reduction.