Tax relief

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

Oct 26, 2024. by Praise Ben

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

Private Sector Endorses ₦60,000 Minimum Wage, Cautions On Higher Wages

Jun 7, 2024. by Praise Ben

The Organized Private Sector (OPS) supports a ₦60,000 minimum wage for Nigerian workers. OPS warns that wages over ₦100,000 could harm small and medium-sized enterprises. If wages exceed ₦100,000, OPS members would seek tax relief or exemptions from the government. EKO HOT BLOG reports that the Organized Private Sector (OPS) has expressed its approval of a … Read more