'Minimum wage increase, tax exemption' — PwC advises FG on petrol subsidy removal palliatives | TheCable

PricewaterhouseCoopers, one of the big four consulting firms in the world, has identified post-subsidy palliatives that the federal government can utilise to mitigate the effect of petrol subsidy removal

Author:PricewaterhouseCoopers, one of the big four consulting firms in the world, has identified post-subsidy palliatives that the federal government can implement to mitigate the effect of the petrol subsidy removal.

Proposing three possible remedies to the subsidy removal crisis, PwC asked the federal government to fully deregulate the downstream sector and completely stop the under-recovery payments. “The recommended palliatives are an increase in the minimum wage — this will ensure that there is support by workers and limit the resistance by the labour union.“Increase in the monthly income threshold for PAYE exemption purposes — currently N30,000 per month is exempted from PAYE which can be increased to at least

owners will benefit by way of higher tax exemption on their equivalent profits for direct assessment.”

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

thecableng /  🏆 2. in NG

Nigeria Latest News, Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

JUST IN: TUC demands increase in minimum wage to ‘cushion effect of subsidy removal’ | TheCableThe Trade Union Congress (TUC) has presented the federal government with a list of demands to cushion the effects of petrol subsidy removal on citizens.
Read more »

TUC demands increase in minimum wage to ‘cushion effect of subsidy removal’ | TheCableThe Trade Union Congress (TUC) has presented the federal government with a list of demands to cushion the effects of petrol subsidy removal on citizens.
Read more »

Subsidy: FG reviewing TUC’s demands, to create committee for minimum wage reviewThe Federal Government, on Sunday evening, said it was reviewing a long list of demands made by the Trade Union Congress of Nigeria
Read more »

Air Peace and Nigeria’s pivot to Asia | TheCableAir Peace, Nigeria’s biggest aviation carrier, on March 31, 2023, commenced direct flight operations to India, the world’s fifth largest economy and second most populous country. This is the latest
Read more »

Security aides injured as 'gunmen' attack Yahaya Bello’s convoy | TheCableSecurity aides were reportedly injured on Saturday when gunmen attacked the convoy of Yahaya Bello, governor
Read more »