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FG exempts manufacturers, farmers from new withholding tax regime

Published by Guardian on Tue, 02 Jul 2024


The Federal Government (FG) said a simplified and business-friendly withholding tax regime has been approved. The FG has, however, exempted manufacturers and farmers. The Chairman of the Tax and Fiscal Reform committee, Taiwo Oyedele, confirmed this in a statement on Tuesday. As part of the ongoing fiscal policy and tax reforms of FG, a new withholding tax regime has been approved, Oyedele wrote on X. The key changes introduced are to address the identified challenges and specifically include: Exemption of small businesses from Withholding Tax compliance. READ ALSO: Oyedele advocates hourly pay system for workers According to him, some ofThe post FG exempts manufacturers, farmers from new withholding tax regime appeared first on Guardian Nigeria News.
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