The Minister of Finance and Co-ordinating Minister of the Economy, Mr. Wale Edun, has issued new Withholding Tax (WHT) Regulations titled “Deduction of Tax at Source (Withholding) Regulations, 2024”. The Regulations have introduced changes that will impact the computation, remittance, and administration of withholding tax across various sectors in Nigeria.
In this Regulatory Alert, we highlight key changes brought about by the Regulations and the potential improvements and challenges that the Regulations may result in.
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