Investor Presentaiton

Free Trade Zones & Nigeria Tax Regime The Incentive Scheme a. exemption from all Federal, State, LG taxes, levies and rates (sections 8). Cf. section 23(s) CITA amendment (2007)/ s.13 VAT Amdmt Act (imports into FTZ VAT exempt). b. Licensing of approved enterprises without complying with local incorporation under section 54 CAMA; same constitutes company registration in the Zones (sections 10). c. Legislative provisions pertaining to taxes, levies, duties and foreign exchange obligations not applicable within the Zones. E.g. no CGT on disposal of assets in the Zone. d. No import or export licences required. Quaere - 'incentive'? TEMPLARS

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