FG exempts farmers, manufacturers, SMEs from 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...