Withholding tax: UBA to educate SMEs, business owners
CHIGOZIE AMADI
Africa’s Global Bank, United Bank for Africa Plc, is set to host a Knowledge Series webinar to educate small and medium business owners on the 2024 withholding tax regulations that went into force this year.
The webinar themed ‘2024 Withholding Tax Regulations, Specific Emphasis on How They Affect SMEs’ is scheduled to be held on Thursday, January 30, 2025, a statement from the bank on Monday read.
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.
Expected at the webinar are UBA’s Head of SME Banking, Babatunde Ajayi; Financial Analysts with Anderson Consulting, Adeyemi Adediran and Vincent Okoukoni.
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, 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.
“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.”
United Bank for Africa is one of the largest employers in the financial sector on the African continent, with 25,000 employees across groups and serving over 45 million customers globally.
