Knowing when stages come to an end.
Knowing when to say goodbye when you feel that you will be remembered and respected forever.
Four months to give my all for this badge and for our goal.
Eternal respect and affection for Manchester United and its wonderful fans.
Forever Red Devil.
Alexander Isak is trying to force a way out of Newcastle, Manchester United left out Rasmus Hojlund, who wants to stay.
The two strikers could not have behaved more differently this summer yet their contrasting cases show clubs are as likely as players to deploy ruthless self-interest when it comes to transfers.
📝 @mjcritchley
🔗 https://t.co/QMaN0XiuN9
𝐓𝐇𝐄 𝐓𝐀𝐗 𝐑𝐄𝐅𝐎𝐑𝐌 𝐁𝐈𝐋𝐋𝐒 𝐖𝐈𝐋𝐋 𝐁𝐄𝐍𝐄𝐅𝐈𝐓 𝐍𝐈𝐆𝐄𝐑𝐈𝐀𝐍 𝐖𝐎𝐑𝐊𝐄𝐑𝐒
We outline below some of the key provisions of the tax bills aimed at improving the welfare of workers:
𝑳𝒐𝒘𝒆𝒓 𝒕𝒂𝒙𝒆𝒔 𝒕𝒐 𝒆𝒏𝒉𝒂𝒏𝒄𝒆 𝒕𝒉𝒆 𝒅𝒊𝒔𝒑𝒐𝒔𝒂𝒃𝒍𝒆 𝒊𝒏𝒄𝒐𝒎𝒆 𝒐𝒇 𝒘𝒐𝒓𝒌𝒆𝒓𝒔 -
1) Full exemption for workers earning up to N1.3m p.a. (over N100k per month) representing not less than 35% of all workers in the private and public sectors from PAYE tax
2) Reduced PAYE tax for workers earning up to N20m p.a. (about N1.7m per month) benefiting additional 60% of all workers
3) Full PAYE tax exemption for members of the armed forces
𝑴𝒆𝒂𝒔𝒖𝒓𝒆𝒔 𝒕𝒐 𝒓𝒆𝒅𝒖𝒄𝒆 𝒕𝒉𝒆 𝒄𝒐𝒔𝒕 𝒐𝒇 𝒆𝒔𝒔𝒆𝒏𝒕𝒊𝒂𝒍 𝒊𝒕𝒆𝒎𝒔 -
4) Zero (0%) VAT on food, healthcare, and education representing about 60% of all consumptions
5) VAT exemption on rent, transportation, renewable energy, CNG, baby products, sanitary towels, and fuel products representing over 20% of all consumptions
These items constitute an average of 82% of household consumption and nearly 100% for low income earners to cushion the impact of rising cost of living for workers.
𝑰𝒏𝒄𝒆𝒏𝒕𝒊𝒗𝒆𝒔 𝒕𝒐 𝒇𝒂𝒄𝒊𝒍𝒊𝒕𝒂𝒕𝒆 𝒉𝒊𝒈𝒉𝒆𝒓 𝒄𝒐𝒎𝒑𝒆𝒏𝒔𝒂𝒕𝒊𝒐𝒏 𝒇𝒐𝒓 𝒘𝒐𝒓𝒌𝒆𝒓𝒔 -
6) Tax break for wage awards and transport subsidy to low-income earners
7) Removal of restrictions and bureaucratic approvals for wage awards
8) Introduction of a cap on the amount that may be taxed as benefit in kind granted to workers
𝑻𝒂𝒙 𝒘𝒂𝒊𝒗𝒆𝒓𝒔 𝒕𝒐 𝒑𝒓𝒐𝒎𝒐𝒕𝒆 𝒂𝒇𝒇𝒐𝒓𝒅𝒂𝒃𝒍𝒆 𝒉𝒐𝒖𝒔𝒊𝒏𝒈 -
9) VAT exemption on rent and acquisition of real property
10) Exemption of stamp duties on rent below N1m
𝑰𝒏𝒄𝒆𝒏𝒕𝒊𝒗𝒆𝒔 𝒕𝒐 𝒔𝒕𝒊𝒎𝒖𝒍𝒂𝒕𝒆 𝒆𝒎𝒑𝒍𝒐𝒚𝒎𝒆𝒏𝒕 𝒐𝒑𝒑𝒐𝒓𝒕𝒖𝒏𝒊𝒕𝒊𝒆𝒔 𝒇𝒐𝒓 𝒘𝒐𝒓𝒌𝒆𝒓𝒔 -
11) Tax incentives for employers to hire more workers
12) Friendly tax rules to attract international remote work opportunities for Nigerians
13) Tax exemption for 97% of SMEs earning annual turnover of N100m or less, harmonisation and reduction of corporate tax burden for large businesses to stimulate growth and create more employment opportunities for workers.
These changes deserve to be supported by everyone who seeks the well-being of Nigerian workers. We believe that the NLC and the TUC will not intentionally work against the interest of their members.
Happy belated workers’ day!
-- 𝘗𝘳𝘦𝘴𝘪𝘥𝘦𝘯𝘵𝘪𝘢𝘭 𝘍𝘪𝘴𝘤𝘢𝘭 𝘗𝘰𝘭𝘪𝘤𝘺 & 𝘛𝘢𝘹 𝘙𝘦𝘧𝘰𝘳𝘮𝘴 𝘊𝘰𝘮𝘮𝘪𝘵𝘵𝘦𝘦