Tinubu Approves New Withholding Tax System to Boost Revenue

The Nigerian Federal Government has approved a new withholding tax system aimed at boosting revenue generation. This announcement was made by Taiwo Oyedele, Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, via his official X handle on Tuesday. The approved withholding tax regime, which involves deducting tax at the source, includes exemptions […]

Tinubu Approves New Withholding Tax Policy

koko.ng - 02/Jul 14:13

President Tinubu has approved a new withholding tax policy for the country altering the existing 1977 Nigeria tax system. The Chairman of the...

FG exempts farmers, manufacturers, SMEs from paying withholding tax

newsclickng.com - 02/Jul 12:05

The Federal Government has granted exemptions from withholding tax to farmers, small businesses, and manufacturers. This announcement comes from...

Nigeria can increase revenue without new taxes – Committee chairman

mcebiscoo.com - 29/Jun 10:23

The chairman of Nigeria’s Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, said that Nigeria can significantly boost its revenue...

Nigeria Approves New Withholding Tax Regulation To Boost Economic Growth

arise.tv - 02/Jul 14:46

Tax reforms chief Oyedele has announced exemption from withholding tax for small businesses earning N25 million or less.

Tax Reforms Chief Oyedele Says Nigeria Can Generate More Revenue Without Raising Taxes

arise.tv - 30/Jun 06:35

Fiscal Policy Chairman Oyedele criticised Nigeria's complex tax system, suggesting fewer taxes and exemptions for vulnerable groups to stimulate...

FG approves exemption of SMEs, manufacturers, farmers from paying withholding tax

solacebase.com - 02/Jul 10:21

%BlogLink% %FearturedImage% %PostLink% The Federal Government has approved the exemption of small businesses, manufacturers and farmers from paying...

FIRS Urges States To Prepare For Tax Reforms

newsextra.com.ng - 10:59

The Federal Inland Revenue Service (FIRS) Chairman, Dr. Zacch Adedeji, has urged state governments to...

Govt mulls income tax cuts, new slab to boost consumption

times of india - 21/Jun 08:32

Officials in the Ministry of Finance are discussing proposals to reduce taxes for high-spending consumers. Individuals earning between 500,000 rupees...

Senate says it would have approved the purchase of a presidential jet if Tinubu requested for it

jayfm.ng - 27/Jun 17:21

Senate President, Godswill Akpabio has said the Senate will approve the proposal for the purchase of a new presidential jet if President Bola Tinubu...

Tinubu’s executive order on medical supplies ‘ll boost Nigeria’s economy – Stakeholders

veracity.com.ng - 02/Jul 17:02

By Chidinma Ewunonu-AlukoSome stakeholders in the health sector have commended President Bola Tinubu for his executive order suspending import duties...

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