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Other benefits of applying for pioneer certificate (apart from income tax exemption) are stated below. -Deduction of  loss during pioneer from profit after pioneer period. -Deduction of Fixed asset incurred during pioneer period after pioneer period. -Dividend paid out from pioneer period are tax exempt whether paid out within and after pioneer period. For more information call +234-080 67922530. Disclaimer : Obi Azubuike is not by this publication acting as a professional advisers and therefore not liable to any  damage whatsoever for your acting or refraining to act based on  this publication. Consult your professional for advice.  copyright(c) 2016-Obi Azubuike

The regulation provides that an applicant for a pioneer status incentives must -be a body corporate registered in Nigeria. -have incurred capital expenditure of not less than N10 Million Others include -Payment of non refundable fee of N200,000 -Service charge of  2% of estimated tax savings(savings as a result of tax exemption). Disclaimer : Obi Azubuike is not by this publication acting as a professional advisers and therefore not liable to any  damage whatsoever for your acting or refraining to act based on  this publication. Consult your professional for advice.  copyright(c) 2016-Obi Azubuike

Some industries that qualifies for pioneer Status( to be granted tax relief for 3 years and additional 2 years) after meeting some specified requirements are as below. -Oil palm/rubber plantation and processing. -Manufacture of Pharmaceuticals. -Iron & Steel from Ore -Gas Cylinder. -Maintenance of aircrafts. -Manufacture of glass , Ceramics & marbles. -Integrated dairy production. -Manufactures of Electrical  appliances/Equipment. -Manufactures of computer chips/photographic products. -Gas & gas distribution. -Local fabrication of machinery equipment. -Cattle/piggery ranching. Disclaimer : Obi Azubuike is not by this publication acting as a professional advisers and therefore not liable to any  damage whatsoever for your acting or refraining to act based on  this publication. Consult your professional for advice.  copyright(c) 2016-Obi Azubuike