By Shuaib Abdulquadri , Igwe Grace The Lagos State University of Science and Technology (LASUSTECH) has commenced the implementation of the revised 2026 Pay-As-You-Earn (PAYE) Tax Law, introducing a new tax structure that will affect employees' monthly salary deductions from July 2026. The development was disclosed in an official memorandum issued by the Office of the Registrar and signed by the Registrar, Mr. David Semawon Ogungbe. The memorandum informed members of staff that the university has begun full implementation of the Revised Tax Law in line with statutory requirements governing public institutions. According to the circular, the new PAYE framework introduces marginal adjustments to taxable income bands while maintaining a progressive tax system designed to ensure that higher-income earners pay proportionately higher tax rates. Under the revised tax schedule, the first ₦800,000 of annual income remains exempt from taxation. The next ₦2.2 million will be taxed...
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