Yes. Companies will get a 50% extra tax deduction for any support or subsidy provided to low-income workers who earn less than ₦100,000 per month.
- Scenario: A textile factory decides to give its low-wage workers a transport subsidy of ₦20,000 each. For tax purposes, the factory can deduct ₦30,000 (the original ₦20,000 + 50% extra) per worker, incentivizing support for its workforce.
