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PITA 2011 Amended

The President of the Federal Republic of Nigeria in line with National Tax Policy signed into law the Bill for an Act to amend the provisions of the Personal Income Tax Act, Cap.P8 LFN 2004 and related matters connected therewith.

1. Introduction

The Bill which was passed by the House of Representative on 25th May 2011 and by Senate on 1st June 2011 was finally signed into law by the President on the 14th of June 2011. However, the commencement date of the Act was initially contentious considering the fact that the Act was signed into law on the 14th of June 2011 and was actually made public during the President’s presentation of the 2012 budget on the 12th of December 2011. Although, the publication of the official gazette in January 2012 finally laid the matter to rest by clearly stipulating the effective date of the law to be June 14th 2011.

Below are the highlights of theamendments of the Act:

2. Commencement date

As earlier stated the commencement date of the Personal Income Tax Amendment Bill as shown in the published official gazette is 14th June 2011.


3. Introduction of Consolidated Relief Allowance (CRA) - Section 33

Section 33, Subsection 1 of the Principal Act which grants personal relief of N5, 000 plus 20% of earned income to every individual has been substituted. This section is now replaced with a new Consolidated Relief Allowance which now replaces the Personal relief (allowance) in the Principal Act. February 2012.

This new allowance is now to be given at N200,000 or 1% of the gross income (whichever is higher), plus 20% of the gross income. The new section also defines “gross income” as “wages, salaries, allowances, including Benefits in Kind (BIK), gratuities, superannuation and any other income derived solely by reason of employment.” The Principal Act was also amended by re-numbering sub-sections (2) and (3) as subsections (3) and (4), respectively. Therefore Section 33 Subsection 3 of the Principal Act which grants children allowance, dependant relative allowance, premium on life assurance and disability allowance was neither amended nor deleted; instead it was re-numbered as subsection 4. However section 33 subsection 1 has resolved this confusion by subjecting to tax directly the balance of the gross income after the CRA has been deducted. This sub-section inter-alia states:

"(i) There shall be allowed a consolidation relief allowance of N200,000 subject to a minimum of I percent of gross income whichever is higher plus 20 per Cent of the gross income and the balance shall be taxable in accordance with the Income table in the Sixth Schedule to this Act"

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