MOROCCO PLACES PROVINCES ON HIGHEST ALERT AS WILDFIRE SPREADS. (PHOTO).

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 Morocco places provinces on highest alert as wildfire spreads Morocco has placed nine provinces at the highest wildfire alert level as blazes continued to intensify over the past week, with satellite data showing that more than 4,100 hectares (10,131 acres) have burned since the start of the year. Data from the European Commission-backed Global Wildfire Information System (GWIS) showed that about 855 hectares (2,112 acres) burned over the past week, marking an increase from the previous week, Anadolu Agency reported. The system also detected 1,006 thermal anomalies across Morocco between Jan. 1 and Aug. 2, including 59 over the past week. Thermal anomalies are satellite-detected hotspots and do not necessarily represent separate wildfires, as the same fire may be detected more than once. On Friday, Morocco’s National Agency for Water and Forests issued red-level wildfire warnings for nine provinces in the country’s north and east, indicating an extreme risk of forest fires. Offici...
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FG EXEMPTS FARMERS, MANUFACTURERS, SMEs FROM PAYING WITHHOLDING TAX. (PHOTO).

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 FG Exempts Farmers, Manufacturers, SMEs From Paying Withholding Tax


The Federal Government has exempted farmers, small businesses, and manufacturers from withholding tax. 


This is according to the Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele.


He said in a post on his X handle that, “As part of the ongoing fiscal policy and tax reforms, a new withholding tax regime has been approved.


“The key changes introduced are to address the identified challenges and specifically include the exemption of small businesses from withholding tax compliance; reduced rates for businesses with low margins; exemptions for manufacturers and producers such as farmers; measures to curb evasion and minimise tax avoidance and the ease of obtaining credit and utilisation of tax deducted at source.”


Others are, “Changes to reflect emerging issues and adopt global best practices and clarity on the timing of deduction and definition of key terms. The approved regulation is expected to be published in the official gazette in the coming days.”


He said withholding tax came into effect in Nigeria in 1977 and was meant to serve as an advance payment of tax on specified transactions.


“It was designed to provide the government with regular revenue flow and to serve as a means of curbing tax evasion,” the tax expert said.

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