Incentives and further tax changes introduced in Nigeria and Tanzania
July 5, 2024 | The VaultNewsletter
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- government eases tax burden on manufacturers and small businesses
- the policy is expected to lower costs for small businesses boost agricultural and manufacturing operations enhance tax compliance and foster a more equitable and businessfriendly tax environment in nigeria
- tanzania's finance act 2024 introduces tax on digital content creators and digital platform owners
- we're also tracking some events in the news
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Newsletter
government eases tax burden on manufacturers and small businesses
This week, as part of the current administration’s fiscal reform drive, the Nigerian government introduced business-friendly changes to the nation’s withholding tax regime via approval of new Deduction of Tax at Source (Withholding) Regulations, 2024 .
the policy is expected to lower costs for small businesses boost agricultural and manufacturing operations enhance tax compliance and foster a more equitable and businessfriendly tax environment in nigeria
Head of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has confirmed that further tax changes are expected to take effect at the start of 2025 and that about ten tax reform bills have been delivered to the country’s legislators for consideration.
tanzania's finance act 2024 introduces tax on digital content creators and digital platform owners
Like Kenya, Tanzania intends to increase its tax base in the fiscal year 2024/25 by introducing new taxes, levies and duties, as well as amending existing laws governing the collection and management of public revenue through the Finance Act 2024, which was signed by the President on 30th June.
we're also tracking some events in the news
Nigeria | Tinubu approves rollout of National Construction and Household Support Program
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