The House of Representatives Committee on Finance has put forward a proposal to exempt military personnel from paying personal income tax, citing the crucial nature of their duties.
Committee Chairman, Abiodun Faleke, announced the proposal on Thursday during the clause-by-clause review of four tax bills sent to the National Assembly by President Bola Tinubu in October 2024.
“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,” Faleke stated.
More to come…
