- 4 Marks
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)
Answer
Industries that Qualify as Pioneer Industries
- Vehicle Manufacturing
- Integrated Dairy Production
- Manufacture of Iron and Sheet from Iron Ore
- Manufacture of Pharmaceutical Products
- Topic: Tax Incentives and Reliefs
- Uploader: Kofi