The Nigeria Labour Congress has called for an amendment to the present Income Tax Law so that the new National Minimum Wage of N30,000 will not be taxed. The union had also expressed concern that the process for the new minimum wage was taking too long, calling on the NLC to discuss strategies and plans for effective implementation of the new minimum wage, particularly at the state level. Aremu said this should be done in such a way that the N30,000 minimum wage would fall below taxable income. According to him, ‘‘Now that we have raised the minimum wage to N30,000, we must impress it on the FIRS to raise tax bar so that the new minimum wage will be protected. ‘‘If you tax minimum wage of N30,000, we may as well go back to N25,000 or N27,000 by default.

Source: Punch February 06, 2019 18:11 UTC