The Federal Government, on 2 October, 2024 published in its gazette, the Deduction of Tax at Source (Withholding) Regulations 2024 (the Regulations) which was earlier introduced by the Federal Ministry of Finance on 1 July 2024. The Regulations set out the rules for the deduction of taxes at source from payments to taxable persons under […]

Introduction As Nigeria faces a turbulent economic landscape characterized by soaring inflation, currency devaluation, and rising interest rates, businesses across various sectors, including multinationals, have found it increasingly difficult to sustain operations. Many have been forced to exit the market, leaving behind a challenging environment for those that remain. To survive and thrive amidst these