- Trade Union Congress (TUC) President Festus Osifo has urged President Tinubu to review the annual tax exemption limit for workers in his new tax reform bill, presented to the National Assembly
- Osifo made this call in a trending interview on Thursday amid controversy surrounding the tax bill and stiff opposition to the proposed legislation from northern leaders
- While backing the tax reform, Osifo urged that certain clauses in the bill, particularly the tax exemption limit, should be reviewed to better benefit low-income earners
Labour makes key demand from Tinubu as it backs new tax bill.
Photo credit: Nigeria Labour Congress HQ, Asiwaju Bola Ahmed TinubuSource: Facebook”Reforms are not bad but some clauses in the Tax Reform Bills should be reviewed.”If you look at the bill, there is a provision that anybody earning N800,000 and below per annum will be exempted from paying personal income tax. But our position on that is that, that band is too small.”For somebody earning N70,000 minimum wage, if you multiply N70,000 by 12, it gives you N840,000, it means somebody earning minimum wage is not exempted from paying tax.”Our first position on that is that the federal government should push this much more forward. The N800,000 is too small, expand it to N2.5 million – N3 million per annum.”
- ASUU mentions danger of Tinubu’s Tax Reform Bills on universities
- Tinubu’s tax reform bill: Daniel Bwala names 1 thing north trying to push
- Peter Obi comments on tax reform bill
Lawmaker suggests Hausa translation for tax reform bill
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