FG Introduces 50% Tax Relief, To Raise Wages, Support Low-Income Workers

Economy Improving Tinubu

The Federal Government has proposed a 50% tax relief for companies that increase salaries or provide transportation allowances to low-income employees, as part of a comprehensive tax reform bill aiming to simplify Nigeria’s tax laws. The draft law, titled “A Bill for an Act to Repeal Certain Acts on Taxation and Consolidate the Legal Frameworks … Read more