One of the biggest news of the weekend was the announcement of a 3-year tax exemption for TSTV by Alhaji Lai Mohammed, Nigeria’s Minister of Information and Culture.

This got the TSTV MD/CEO, Bright Echefu, those at the launch and even beyond very excited. However, what many do not know is that there are certain types of business that qualify for the same tax exemption in Nigeria.

Are you wondering what they are? Don’t worry, we have the new list of these businesses in what is called Pioneer Relief which allows you to get 3 years tax exemption and a possible additional 2-year extension making a total of 5 years.

We know, you cannot wait here it is:

The new industries added to the PSI list are as follows:
1. Mining and processing of coal;
2. Processing and preservation of meat/poultry and production of meat/poultry products;
3. Manufacture of starches and starch products;
4. Processing of cocoa;
5. Manufacture of animal feeds;
6. Tanning and dressing of Leather;
7. Manufacture of leather footwear, luggage and handbags;
8. Manufacture of household and personal hygiene paper products;
9. Manufacture of paints, vanishes and printing ink;
10. Manufacture of plastic products (builders’ plastic ware) and moulds;
11. Manufacture of batteries and accumulators;
12. Manufacture of steam generators;
13. Manufacture of railway locomotives, wagons and rolling stock;
14. Manufacture of metal-forming machinery and machine tools;
15. Manufacture of machinery for metallurgy;
16. Manufacture of machinery for food and beverage processing;
17. Manufacture of machinery for textile, apparel and leather production;
18. Manufacture of machinery for paper and paperboard production;
19. Manufacture of plastics and rubber machinery;
20. Waste treatment, disposal and material recovery;
21. E-commerce services;
22. Software development and publishing;
23. Motion picture, video and television programme production, distribution, exhibition and photography;
24. Music production, publishing and distribution;
25. Real estate investment vehicles under the Investments and Securities Act;
26. Mortgage backed securities under the Investments and Securities Act; and
27. Business process outsourcing.

This policy was initially established in the Industrial Development (Income Tax Relief) Act and then reviewed by the Nigerian Investment Promotion Commission (NIPC) created additional provisions which took effect on 30th January 2014. This latest list of industries was released by the Federal Ministry of Industry, Trade and Investment on 7th August 2017.

Source: http://www.opinions.ng/ultimate-tip-can-get-tax-exemption-like-tstv/

Lalasticlala please I think this is a very educative and informative post. Please move to front page.

It's a lie, wake up from your slumber dude. This guy will pay more dearly than paying Taxes. Nothing is free in a black man's world, certainly not in Nigeria. He will learn his lessons in few years; MAYBE 2019.

Arrange a babe for Lai Muhammed, the rest na history

lol i hear

OP why do you have to wait till TSTV got tax exemption before bring this info? We don't utilize opportunities till some persons get it then everyone overcrowds the boat to get it.

Good post, and thanks

good

How about frying coconut...does that also get a tax exemption...cos thats what i intend venturing into

.

Dstv should park their load as soon as possible the era of exploitation is over

ok

CHANGE IS HERE WITH US



Time to stop the complains and take advantage of this great offer that is for reasonable Nigerians with the right entrepreneurial mindset

STOP WISHING/PRAYING FOR IT, WORK 4 IT

This one join according to Warri people

Make dem no kill am like hitv oooo

This will attract more investors

very good initiative

Learn to always appreciate good things . And for your info, many things are free in a black man's world

9jvirgin:
It's a lie, wake up from your slumber dude. This guy will pay more dearly than paying Taxes. Nothing is free in a black man's world, certainly not in Nigeria. He will learn his lessons in few years; MAYBE 2019.

nice one...pioneer right of election.....3years tstv sha wan crash d whole market.....

Nice if true

ICEFLAME419ja:
Make dem no kill am like hitv oooo

Hitv messed themselves up....by thinking that Nigerians bought cable TV for football.

Then their bouquet was poor.

TSTV appears to have a much better bouquet than hitv.

Way to go

9jvirgin:
It's a lie, wake up from your slumber dude. This guy will pay more dearly than paying Taxes. Nothing is free in a black man's world, certainly not in Nigeria. He will learn his lessons in few years; MAYBE 2019.

You don't say that

I believe this will work for only federal tax, cause Lagos State will tax your business, your customers and even the goods you produce.

Lagos and tax are like....
someone please add that picture.

Great info mehn!

Time to get some fvcking tax exempt!

Am into Fabrication of Agricultural machines....
Why have they been disturbing me for Tax










#MySignatureMyBusiness

PrincessBecks:
Way to go

***** Forgive me but I'm Just Curious Miss.. . Who introduced you to Nairaland

PrincessBecks:
Way to go

*****
Forgive me but I'm Just Curious Miss..
.
Who introduced you to Nairaland

I just want to say by the time you finish reading this piece you will discover that I actually took two minutes of your time, so gimme my likew

Una just dey advertise this Tstv like say e go put food for we table kilode