Post by MS INYOFU (@theconscience)

HINT – Rent Relief Has a Limit

Rent relief is 20% of annual rent but capped at N500,000.

Explanation:
Even if rent is high, the maximum relief you can claim is N500,000.

Example:
Annual rent N3,000,000
20% = N600,000
Relief allowed = N500,000

Scenario: Some accountants claim full 20% without applying the cap, reducing tax incorrectly.

Question: Do you apply the rent relief cap in your payroll?

HINT – Rent Relief Has a Limit Rent relief is 20% of annual rent but capped at N500,000. Explanati...

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