Nigeria’s new tax law is already translating into higher take-home pay for several formal sector workers, with January salaries reflecting reduced Pay-As-You-Earn (PAYE) deductions, according to early payroll data and human resource managers.
The changes, introduced under reforms led by the Presidential Committee on Fiscal Policy and Tax Reforms chaired by Taiwo Oyedele, increased the annual tax-free threshold to N800,000. This means workers earning about N66,700 monthly are now fully exempt from PAYE, while higher earners are taxed under re
