NRS Boss says New Tax Laws Reduce January Salary Deductions for Low-Income Earners
The Executive Chairman of the Nigeria Revenue Service (NRS), Dr. Zacch Adedeji, has advised Nigerians in the lower income category to carefully check their January salary to see the effect of the new tax laws. He explained that the revised policies will lead to lower tax deductions when compared with the old tax system.
Speaking on TVC’s Journalists Hangout on Tuesday, Adedeji said the new tax laws were introduced to protect citizens and not to increase their financial burden. According to him, the new tax laws are designed to provide relief for low-income earners across the country.
Adedeji stated that items that directly affect Nigerians’ daily living, such as food and transportation, are now exempted from transactional taxes. He said this move was deliberate in order to increase disposable income and make life easier for workers under the new tax laws.
“By the time the salary is being paid by the end of January, the salary earner in that lower cadre will confirm compared to what they’ve paid under the old law,” he said.
He further urged Nigerians to ignore rumors and misinformation being spread about the new tax laws. According to him, many of the claims surrounding the policies have already been proven false as the implementation process continues.
“You can see now that we are on the 13th of January, all those myths… You can see that those things were nowhere to be found,” he added.
Many Nigerians have welcomed the development, expressing hope that the new tax laws will bring lasting relief and improve their overall standard of living.
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