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FG Exempts Farmers, SMEs, Manufacturers From Withholding Tax Payment

Withholding

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By Adedapo Adesanya  The federal government has moved to exempt farmers, small businesses, and manufacturers from paying withholding tax as the country is making final preparations for a new tax regime. This is according to the Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Mr Taiwo Oyedele, in a post on X, formerly known as Twitter. “As part of the ongoing fiscal policy and tax reforms, a new withholding tax regime has been approved,” he disclosed on Tuesday. “The key changes introduced are to address the identified challenges and specifically include the exemption of small businesses from

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