A pioneer status incentive grants companies making investments in qualifying industries and products a tax holiday of three years from the payment of company income tax. NIPC, however, noted that the approvals-in-principle granted to the companies in the first quarter of this year are subject to the payment of application fees and only take effect after the payment of such fees. The Nigerian Investment Promotion Commission (NIPC) granted tax holiday to 17 companies under its Pioneer Status Incentive (PSI) programme in the first quarter of this year, New Telegraph has learnt. Flutterwave, Emzor, 22 others file applications
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