Introduction
There are two Bills currently pending before the National Assembly proposing amendments to the Personal Income Tax Act (as amended) 2011. These are: (i) A Bill for an Act to amend the Personal Income Tax Act, 2018 which is before the House of Representatives and (ii) the Personal Income Tax (Amendment) Bill 2017 which was proposed by the National Tax Policy Implementation Committee (the “Committee”) as reported in its Progress Report on Tax Law Reforms of November 2017 (the “Progress Report”).
The Bill for an Act to amend the Personal Income Tax Act 2018
The Bill for an Act to amend the Personal Income Tax Act (the “2018 Bill”), sponsored by Hon. Tasir Olawale Raji was introduced on 17 January 2018 and is currently at the First Reading. The Bill seeks to amend the Personal Income Tax Act to provide that Personal Income Tax deducted from an employee’s emoluments is to be remitted to the Tax Authority of the State where the employee works.
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