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Gov Aminu Tambuwal signs N164 billion 2020 revised budget

The governor of Sokoto state, Aminu Tambuwal has signed a revised 2020 appropriation bill of 164 Billion Naira.

The Governor also approved tax relief for businesses and suspension of levies for tax payers to ameliorate the effects of the COVID-19 pandemic

Prior to the start of the State Executive Council (SEC) meeting, while signing the revised appropriation Bill document, Aminu Tambuwal expressed satisfaction with the new document which already has gone through the prerequisite legislative procedures.

The previous appropriation document was N202,345,425,942.68.

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Shortly after the Exco meeting, while being interrogated by reporters, the Commissioner for Finance, Abdussamad Dasuki, revealed that government also provided tax reliefs and some incentives for tax payers and businesses in order to reduce the effects of the COVID-19 pandemic on residents and businesses operating in Sokoto.

Dasuki further revealed that payment can now be made through electronic payment platforms, for ease.

“The state government has also suspended the annual tax audit exercise for educational and entertainment sectors from March 1, 2020 to August 31, 2020,” he said.

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The Commissioner explained that the government extended the collection of land use charge for residential and commercial properties in the state from March 1, 2020 to September 30, 2020.

He also disclosed that the government has discontinued the imposition of presumptive tax levied on all “informal” or petty businesses from the 1st of April till the 31st of December, 2020.

The Commissioner also disclosed that some othere levies were suspended. These include the payment of 100 Naira date development levy imposd on every taxable person for the year 2020 and the reduction of water rates from the income of public servants, the public sectors and private individuals in the state for two months (April to May, 2020).

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He added that the 50% charge on fees and levies collectable across the state from March 1, 2020 till January 2021, are overlooked.