FG issues guidelines for transition to new tax regime

The Federal Government has released a comprehensive document outlining guidelines for the transition to a new tax regime. According to Taiwo Oyedele, the Minister of Finance and Coordinating Minister of the Economy, the framework is designed to address transitional issues and emphasizes that the new tax laws will not be applied retrospectively. This initiative aims to facilitate a smooth adjustment for taxpayers and ensure compliance with the updated tax regulations.

Read More