Nigeria has called for an amendment in the current income tax legislation so as to exclude the new minimum wage (N 30,000) from taxation.
This was announced by Ayuba Wabba, President, The Nigeria Labour Congress (NLC), on 6 February 2019.
The National Union of Textile Garment and Tailoring Workers of Nigeria, NUTGTWN, highlighted in a motion that devaluation of Naira and high inflation were significantly affecting the income of Nigerian garment workers.
The motion was submitted at NLC’s 12th Delegates’ Conference in Abuja.
NUTGTWN urged NLC to discuss strategies and plans so as to implement the new minimum wage at the state level.
Further on the same, Issa Aremu, General Secretary, NUTGTWN, stressed on exerting pressure on the Federal Inland Revenue Service to raise the tax bar in such a way that the minimum wage of N 30,000 falls under taxable income.
He also called for tax holidays for some categories of Nigerian workers.
Corroborating further, Peter Ozo-Eson, General Secretary, NLC, said “though N30,000 should ideally not be taxed, the right way is to amend the income tax law.