- 4 Marks
ATAX – Nov 2016 – L3 – Q5a – Tax Incentives and Reliefs
Lists industries qualifying for pioneer status under the Industrial Development (Income Tax Relief) Act 1971.
Question
One of the incentives available to industries in Nigeria is contained in the Industrial Development (Income Tax Relief) Act 1971, which grants tax holidays to companies in industries designated as “Pioneer Industries.”
You are required to:
a) State any FOUR industries that qualify to be regarded as Pioneer Industries. (4 Marks)
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