Expatriate Employment Levy policy set.
Federal Government has begun a new expatriate job policy and Companies that breach the new Expatriate Employment Levy policy will pay N3m for each offence.
The offences are not submitting Expatriate Employment Levy, EEL, not registering an employee, a corporate entity not renewing EEL within 30 days, and providing false information on EEL.
The Expatriate Employment Levy is a financial contribution imposed on employers who hire foreign workers.
The levy, which is mostly on the offshore earnings of expatriates working in Nigeria, aims to balance economic growth and workforce development by ensuring equitable contributions from expatriate employment.