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The Digest:

Nigeria Revenue Service (NRS) Executive Chairman Dr. Zacch Adedeji has advised lower-cadre income earners to review their January pay, promising reduced deductions under new tax laws designed to shelter essentials and ease financial pressures.

Key Points:
  • Dr. Zacch Adedeji urged scrutiny of January salaries to see the new tax law's impacts.
  • He stated lower-cadre workers would experience reduced tax deductions.
  • The new laws exempt essential items like food and transportation from taxes.
  • Adedeji emphasized that the reforms aim to protect, not burden, Nigerians.
  • He dismissed widespread rumors and myths about the new tax system.
  • The changes are part of broader efforts to reform Nigeria's revenue framework.
  • Public verification is expected as January salaries are processed.
This move signals a tangible shift in fiscal policy, aiming to directly affect disposable income and public sentiment towards tax compliance.

Source: Daily Post Nigeria
Tags:Income Earners, Policy Reform, Nigeria, NB Digest