Nigerian govt streamlines withholding tax regime, aims to ease business burden

In a move aimed at stimulating business activity and reducing compliance hurdles, Nigeria has approved a simplified withholding tax regime. This announcement came from Taiwo Oyedele, Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, via his official X handle, on Tuesday. Background: Withholding tax, introduced in 1977, acts as an advance payment [...]The post Nigerian govt streamlines withholding tax regime, aims to ease business burden appeared first on Latest Nigeria News | Top Stories from Ripples Nigeria.

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