Politics News

Reps propose tax exemption for military personnel

Photo caption: House of Representatives

 

The House of Representatives Committee on Finance has proposed tax exemption on the personal income of military personnel in Nigeria.

The Chairman of the Committee, Abiodun Faleke, disclosed this on Thursday during the clause-by-clause consideration of the four tax bills transmitted to the parliament by President Bola Tinubu in October, 2024.

Speaking at the event, Faleke said, “Mr Speaker, honourable colleagues, the committee proposed that personal income of military personnel should be exempted from tax. This is because of the critical nature of their assignment.”

The proposal was unanimously endorsed.

Details later…

=== PUNCH ===

 

 

Related posts

Customs generates N140.4bn in August – Official

Editor

FG’s intervention for tertiary institutions hits over N700bn in 4years

Editor

DSS agents stake out Premium Times office, visit editor’s residence

Our Reporter

Domestic violence: British Council trains magistrates, judges in Lagos

Shile GIWA

Buhari approves 213 new broadcast licences

Editor

TraderMoni initiative to boost petty trading – Osinbajo

Editor