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At the heart of every successful business is effective financial management and reporting. Accounting is not just about making sure numbers add up, it is about understanding how those numbers impact your bottom line and the strategic decisions you make.

The Finance Act 2019 introduced the concept of Significant Economic Presence (SEP). This was followed by the issuance of the Companies Income Tax (Significant Economic Presence) Order, 2020 (SEP Order).

The windfall tax was introduced in Nigeria via the the Finance (Amendment) Bill, 2024. The Bill seeks to amend the Finance Act, 2023 to provide for the imposition of windfall tax, introduction of deferred payment agreements in respect of the tax, among others.

The Office of the Honourable Minister of Finance and Coordinating Minister of the Economy released a new Withholding Tax (WHT) Regulations tagged “Deduction of Tax at Source (Withholding) Regulations 2024”.