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JUST IN: Nigerian government exempts small businesses, farmers and manufacturers from paying withholding tax

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The Nigerian government has approved the exemption of small businesses, manufacturers and farmers from paying withholding tax as a way of reducing the tax burden on businesses.

Chairman of the Presidential committee on fiscal policy and tax reforms, Taiwo Oyedele disclosed this in a post on his official X handle on Tuesday morning.

He said that President Bola Tinubu has approved the new withholding tax regime for the country with the official gazette expected to be signed in the coming days.

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