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PAY AS YOU EARN
Chairman of the Presidential Fiscal Policy and Tax Reform Committee, Taiwo Oyedele, has said that Nigerians earning minimum wage and slightly above will be exempted from the Pay as You Earn (PAYE) tax once the Tax Reform Bills are signed into law.
States need to create an enabling business environment to attract Foreign Direct Investments.
Employees have been advised to urge their employers to stop deducting PAYE from their salaries.
A key understanding of the tax regime, which operates in your area of operation, is quite important if you want to establish any business.