Withholding Tax Table 2024. The federal ministry of finance has recently issued the deduction at source (withholding) regulations 2024 (the “regulations” or “wht regulations”), effective 1 july 2024, except for the rules applicable to the gaming sector which are. From 2024, companies are expected to withhold this tax using the current rates for individuals and businesses.
From 2024, companies are expected to withhold this tax using the current rates for individuals and businesses. Deduction of tax at source (withholding) regulations 2024 the regulations set out the rules for the deduction of tax from payments to taxable persons under the capital gains tax act, the companies income tax act, petroleum profits tax act, and the personal income tax act in respect of specified transactions.