Close Menu
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    SweetCrudeReportsSweetCrudeReports
    Subscribe
    • Home
    • Oil
    • Gas
    • Power
    • Solid Minerals
    • Labour
    • Financing
    • Freight
    • Community Development
    • E-Editions
    SweetCrudeReportsSweetCrudeReports
    Home » PENGASSAN rejects plan to tax pension, terminal benefits

    PENGASSAN rejects plan to tax pension, terminal benefits

    October 23, 2017
    Share
    Facebook Twitter LinkedIn WhatsApp

    Michael James

    23 October 2017, Sweetcrude, Lagos — Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has rejected the plan by the governments at both the Federal and state levels to tax pensions, gratuities and terminal benefits of workers in the country.

    The senior staff trade union vowed to resist the implementation of the plan which it claimed was to further impoverish Nigerian workers, who served the country.

    In a communiqué issued at the end of its National Executive Council (NEC) meeting in Uyo, Akwa Ibom State, the PENGASSAN condemned the unilateral decision by the Federal Inland Revenue (FIRS) and States Internal Revenue Services to act outside the provisions of the Federal Tax Laws thereby infringing on the rights of the workers.

    PENGASSAN, in the communique signed by the PENGASSAN President, Comrade Francis Olabode Johnson and the General Secretary, Comrade Lumumba IghotemuOkugbawa, condemned the plan by governments, especially the Lagos State Government and its agent, the Lagos State Inland Revenue Service (LIRS), to tax workers’ gratuities and terminal benefits.

    “The NEC-in-Session calls on all workers, the Nigeria Labour Congress (NLC), the Trade Union Congress of Nigeria (TUC) and other labour unions to reject and resist the planned taxation of pensions, gratuities, and terminal benefits.

    “The NEC-in-Session notes that the planned taxation will further deplete workers’ final entitlements and increase poverty in the country and explains that this can also shorten the lifespan of workers in the country.”

    The oil workers association also condemned the actions of the Joint Tax Board (JTB) and some state boards of Internal Revenue for illegally harassing employers from processing additional pension and life insurance tax reliefs by workers as enshrined in the law.

    “The NEC-in-Session, therefore, states that the law on Personal Income Tax can only be amended by an Act of the National Assembly or clarification via interpretation by the Judiciary, and it would resist the self-help approach being adopted by the tax bodies,” it stated.

    Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has rejected the plan by the governments at both the Federal and state levels to tax pensions, gratuities and terminal benefits of workers in the country.

    The senior staff trade union vowed to resist the implementation of the plan which it claimed was to further impoverish Nigerian workers, who served the country.

    Related News

    PH refinery workers gagged as NNPCL shuts down 60,000b/d plant after six months

    Norway oil workers reach wage deal

    Swedfund invests in preservation and creation of African SME jobs

    E-book
    Resilience Exhibition

    Latest News

    OPEC+ drives crude oil prices up again

    May 28, 2025

    OPEC+ adopts plan for 2027 baselines ahead of July output hike talks

    May 28, 2025

    Gold prices rise amid fiscal and geopolitical risks

    May 28, 2025

    Verdagy’s hydrogen to power Mainspring Energy’s linear generators

    May 28, 2025

    Nigeria rallies economic team to counter US 14% tariff threat

    May 28, 2025
    Demo
    Facebook X (Twitter) Instagram
    • Opec Daily Basket
    • Oil
    • Power
    • Gas
    • Freight
    • Financing
    • Labour
    • Technology
    • Solid Mineral
    • Conferences/Seminars
    • Community Development
    • Nigerian Content Initiative
    • Niger-Delta Question
    • Insurance
    • Other News
    • Focus
    • Feedback
    • Hanging Out With Markson

    Subscribe for Updates

    Get the latest energy news from Sweetcrudereports.

    Please wait...
    Please enter all required fields Click to hide
    Correct invalid entries Click to hide
    © 2025 Sweetcrudereports.
    • About Us
    • Advertise with us
    • Privacy Policy

    Type above and press Enter to search. Press Esc to cancel.