Page 20 - Excise Duties News Today

Vanguard News 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 pe...

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 ex...