UBA To Educate Businesses On New Tax Regime For SMEs

Following the tax reforms in the country, United Bank for Africa (UBA) Plc is set to host a Knowledge Series webinar specifically dedicated towards informing and educating small and medium business owners on the 2024 withholding tax regulations recently implemented by the federal government.

The webinar themed “2024 Withholding Tax Regulations, Specific Emphasis on How They Affect SMEs” is aimed at educating business owners on the implications of the new tax regulations and how UBA’s offerings can effectively support their growth.

The knowledge Series is a regular seminar/workshop organised by the bank as part of its capacity-building initiatives, where leading business leaders and professionals share well-researched insights on relevant topics and best practices for running successful businesses.

UBA’s Group Head, Retail and Digital Banking, Shamsideen Fashola who spoke ahead of the webinar emphasised the importance of this edition, noting that it will provide a platform for businesses, especially SMEs, to learn more about the new tax regime, implications for their business and attendant benefits for them and the economy at large.

He said, “Getting first -hand knowledge from experts on this important subject, as put together by UBA, will be invaluable for any business owner looking to build a lasting enterprise”

Also speaking on the upcoming workshop, UBA’s Group Head, Marketing & Corporate Communications, Alero Ladipo noted that the sessions frequently organised by the bank, continues to resonate with SME’s and business owners, and has in more ways than one, helped them take major leaps that has helped engender success.

Ladipo said, “At UBA, we remain resolute in our commitment to empowering businesses of all sizes, and that is why we have decided that we will help guide our customers towards making better business decisions and embracing more opportunities in 2025” that will take them to new highs.

“We have assembled an esteemed panel of speakers who will do justice to this topic by sharing their vast wealth of experience and insights on how best to navigate the new tax regime,” she noted, adding that “this is a must-attend event for anyone serious about the long-term success of their enterprise.”

Speakers at the webinar including UBA’s Head, SME Banking, Babatunde Ajayi as well as Financial Analysts with Anderson Consulting, Adeyemi Adediran and Vincent Okoukoni are expected to share their rich insights and explain how businesses can thrive in the new tax regime.