New withholding tax regime to take effect from January 1st, 2025- FIRS
The Federal Inland Revenue Service (FIRS) has notified taxpayers that the newly gazette withholding tax regime will begin to take ...
Tag: Withholding Tax
Withholding tax articles and analysis
FG exempts GenCos, DisCos, others from payment of withholding tax nationwide
The Federal Government has categorized all electricity companies including the generation and distribution companies (GenCos and DisCos) as part of ...
FG approves new withholding tax regime, exempts small businesses, farmers, manufacturers
The federal government has approved a new withholding tax regime for the country and introduced key changes to the previous ...
Presidential tax committee proposes exemption of manufacturers and farmers from withholding tax
The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele has stated that the committee has ...
FCT-IRS warns contractors in Abuja not to remit withholding tax to wrong tax jurisdiction
The FCT-IRS, the internal revenue generating agency for Nigeria’s Federal Capital Territory (FCT), has urged Ministries Departments and Agencies (MDAs), ...
Withholding Tax: Beginners’ Guide For Small Businesses in Nigeria
Beginners' Guide For Small Businesses on Withholding Tax in Nigeria
Beginners’ Guide: How to compute capital gains tax in Nigeria
Beginners' Guide: How to compute capital gains tax in Nigeria
How To Use Return On Assets As A Great Investment Tool
How To Use Return On Assets As A Great Investment Tool
How to calculate your taxes using PAYE
Salary Earner? How to calculate your taxes using PAYE
Automation of the withholding tax system
There are inherent difficulties in obtaining WHT credit, which makes it appear unfavorable to taxpayers.
