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 Industrial sectorTaxation: Fiscal measures have been drawn to provide for deductions and allowances in the determination of taxable income of manufacturing enterprises, including: Pioneer status, which is a concession to pioneer companies located in economically disadvantaged areas, providing a tax holiday period of five to seven years. These industries must be considered by the government, to be beneficial to the country's economy and in the interest of the public. Companies that are involved in local raw material development; local value added; labour intensive processing; export oriented activities; in-plant training; are also qualified for additional concessions.  Tax relief for research and development (r&d)Up to 120% of expenses on r&d are tax deductible provided that such r&d activities are carried out in Nigeria and are connected with businesses to which allowances are granted. The result of such research could be patented and protected in accordance with internationally accepted industrial property rights.
Local raw materials utilisation: Emergency Phone NumbersThe numbers below are the control centre numbers for immediate despatch of an ambulance located closest to the emergency
Sports NewsThere are many sports in the world, way too many to mention in this tiny little block. Just rest assured, someone is playing something somewhere, and winning.Did You Know?Aoccdrnig to a rscheearch at an Elingsh uinervtisy, it deosn't mttaer in waht oredr the ltteers in a wrod are, the olny iprmoetnt tihng is taht frist and lsat ltteer is at the rghit pclae.Entertainment NewsNext year promises a steady release of theatrical movies which will more than likely be viewed by moviegoers. Rumor has it that they also may feature actors.Local WeatherThe sun rose this morning, and is predicted to set again later this evening. Meteorologists are predicting steady daylight throughout this cycle of sun, ending upon sunset.Group 1 StuffNintendo Wii Taking over Nintendo Wii takes over the world with it's super awesome gameplay. Millions of people all over the place just keep playing it and playing it, and this is driving SONY (Playstation) and Microsoft (X-Box 360) nuts! Group 2 PanelOgle goes Apple Ogle has confirmed that they are switching their entire stock of computers from windows based PCs to the Apple Mac computers"Efficiency of production is our primary goal and Apple seems the best choice to accomplish this" says Ogle Executive Group 3 CollectionGeek Law Enforcement The democratic Republic of Nerds is passing a bill that will make the transport of translucent computer chips an illegal offenceThe new ogletron 500 motorbikes have been purchased to enforce the new transport legislation. Group 4 AssortmentSecrets of the Pharaohs The world famous "Secrets of the Pharaohs" exhibition is coming town with the infamous perfectly preserved Mummy from the legolithic period The exhibit is open to the public on the 23rd January 2008 from 10am - 8pm Group 5 ItemsVote DejAy Enterprises Its that time again and the elections are upon us. The popularity polls are showing a clear majority towards DejAy Enterprises |
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