Abstract
Taxation is one of the major fiscal policy instruments used by government in regulating the economy, boosting investments and regulating inflation. Many developing nations formulate tax policies aimed at stimulating rapid economic growth. One of such policies in Nigeria is the Pioneer Income Tax Relief with the main goal of enhancing investment. This paper examined the relevance of Pioneer Income Tax Relief as an investment incentive. The study revealed that taxation in Nigeria dates back to the 800 A.D. It highlights the various tax incentives available in Nigeria among which are Capital Allowances and Pioneer Income Tax Relief among others. An attempt was made to highlight the benefits of the pioneer status. It was observed that the pioneer income tax relief is beneficial both to the individual company and the nation’s economy. Investors are encouraged to take advantage of the incentives to boost their business performance.
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