BREAKING: Nigeria: New Tax Laws’ll Ease Burden On Nigeria’s Poor – Oyedele

CHAIRMAN of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, on Thursday, described the newly signed tax laws as “pro-poor,” saying they will ease the burden on low-income earners, small business owners, and everyday Nigerians.

Oyedele made the disclosure while speaking to State House correspondents shortly after President Bola Tinubu signed four tax bills into law.

He said “More than 1/3 of workers in both the private and public sectors will now be exempted completely from PAYE.

“They will not have to pay personal income tax. Small businesses, over 90 per cent of small and micro, nano businesses, we no longer have to worry about paying corporate income tax or charging VAT or even deducting withholding .…..For More READ THE FULL ARTICLE HERE ▶▶