Announcement
01 Jul 2010
The 2010/11 budget contained the following investment and tariff incentives. The document does not provide any information on the date the budget was announced. Nonetheless, according to the speech, it would come into force on 1 July 2010. Furthermore, according to a press release from the Ministry of Finance (cf. Sources), it was approved only in September of 2010.
Source
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Number of interventions
2
0 certainly harmful
0 likely harmful
2 liberalising
List of interventions
Implementation date
No implementation date
Revocation date:
No revocation date
Updated: 01 Jul 2010
Tax or social insurance relief
1. Introduction of a ratified profit tax from 35% to 25% and a corporate income tax rate of 15% for rice investments to attract investors to the sector.
2. Introduction of strategic incentives targete...
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Updated: 01 Jul 2010
Import tariff
1. Reduction in ECOWAS trade levy to 0.5%
2. Suspension of tariff on buses and taxes for commercial transportation companies.
3. Continued suspension of tariffs on rice for twelve months, in furtheran...
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