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Nigeria grants 5-yr tax holiday to India's Spanco BPO arm

Category: Taxation

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Nigeria grants 5-yr tax holiday to India's Spanco BPO arm


Thursday December 15, 2011 2:21pm

Indian telecom and IT services firm Spanco Ltd said on Thursday its business process outsourcing (BPO) arm has been granted a 5-year tax holiday by the Nigerian government for outsourcing activities.

Spanco, which is one of the largest third party outsourcing companies in Africa, said it plans to invest $27 million in phases towards capacity build-up and infrastructure. It did not elaborate.

Earlier in 2011, the chief executive at Spanco BPO services had told Reuters his company sees Africa as a solid opportunity and expects a turnover of about $100 million purely from the BPO business from Africa by 2013.


Source: Reuters (Reporting by Aniruddha Basu)


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