•Tax reform committee chairman, Taiwo Oyedele Firms without Tax Identification Number (TIN) will not enjoy the exemption from Withholding Tax payment. This is one of the conditions stipulated in the Withholding Tax reform regulation which took effect on January 1, reports The Nation. In the new regime, small businesses with low margins of retu...
•Taiwo Oyedele The federal government has kicked-off the implementation of the 2024 Withholding Tax Regulations. The new regulations, approved in July last year and put into the gazette in October, took effect yesterday, reports The Nation. The revised regulations, titled: “Deduction of Tax at Source (Withholding) Regulations, 2024,” is intend...
•Farm workers The federal government has approved a new withholding tax regime, which exempts farmers and small businesses. This is as it introduced key changes to the previous tax regime such as reduction of rates for businesses with low margins and measures to curb evasion. In a post via X today, Taiwo Oyedele, Chairman of […]
The Frontier is Nigeria’s leading online newspaper. It is published by Okims Media Links Limited headed by Sunny Okim, a veteran journalist who is widely known as The Grandmaster, fondly called so by colleagues and friends for being Nigeria’s pioneer movie journalist.
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