President Muhammadu Buhari on Tuesday transmitted Finance Bill 2021 to the House of Representatives.
According to reports, the bill President Buhari is asking the House to consider and pass will exempt workers taking home a minimum wage from paying tax.
This was made known by the Speaker, Rt. Hon. Femi Gbajabiamila while reading Buhari’s letter at the opening of Tuesday’s plenary.
The bill proposes various amendments to existing tax laws and financial regulations in response to the negative impact of the COVID-19 pandemic on the economy and the current recession.