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Finance bill 'll exempt minimum wage earners from Personal Income Tax ― Minister

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Finance bill ‘ll exempt minimum wage earners from Personal Income Tax ― Minister
On
Zainab Ahmed
The Minister of Finance, Budget and National Planning, Dr Zainab Ahmed says the 2020 Finance bill, when signed into law will exempt minimum wage earners from Personal Income Tax (PIT).
Ahmed made this known on Friday in Abuja at a public hearing organised by the House of Representatives Committee on Finance.
“In the light of the current economic situation, it is proposed that persons who earn minimum wage are exempted from paying PIT,” the minister said.
Ahmed explained that no new tax was introduced neither was there any tax increase in the bill. ....

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Finance bill will exempt minimum wage earners from Personal Income Tax

3 min read
The Minister of Finance, Budget and National Planning, Zainab Ahmed, said the 2020 Finance Bill, when signed into law, will exempt minimum wage earners from Personal Income Tax (PIT).
Mrs Ahmed made this known on Friday in Abuja at a public hearing organised by the House of Representatives Committee on Finance.
“In the light of the current economic situation, it is proposed that persons who earn minimum wage are exempted from paying PIT,” the minister said.
She explained that no new tax was introduced neither was there any tax increase in the bill.
The minister explained that the bill was to introduce reforms that would enable the country meet the current economic challenges occasioned by the COVID-19 pandemic. ....

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