FIRS Notice on the Implementation of Withholding Tax Regulations 2024: Addressing the Emerging Concerns
The Federal Inland Revenue Service (FIRS) has by a public notice issued on October 3, 2024, advised that The Deduction of Tax at Source Withholding (WHT) Regulations, 2024 recently published in the Federal Government Gazette takes effect from January 1, 2025. This briefing brings this latest development to light with annotations on what this means to companies for compliance.
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