The session also aims to address common misconceptions about tax compliance, providing clarity on the responsibilities and opportunities associated with the new regulations.
BY ANTHONY OMOH
Africa’s Global Bank, United Bank for Africa (UBA) Plc, is preparing to host a webinar aimed at enlightening small and medium business owners on the 2024 withholding Tax Regulations. The event, titled ‘2024 Withholding Tax Regulations: Specific Emphasis on How They Affect SMEs,’ will provide critical insights into how the recently implemented tax laws impact small businesses. Scheduled to hold online on Thursday, January 30, 2025, at 12:00 noon, the Knowledge Series webinar promises to be an invaluable resource for participants navigating the complexities of tax compliance in 2024. Business owners can access the session via Zoom by registering through the provided link, ensuring they benefit from expert guidance on this critical topic.
As part of UBA’s ongoing commitment to capacity building, the Knowledge Series has consistently provided essential training for entrepreneurs and SMEs. This edition seeks to bridge the knowledge gap by explaining the implications of the new tax regime while highlighting how UBA’s tailored financial solutions can support business growth. Through this initiative, UBA continues to demonstrate its dedication to fostering economic resilience and enabling enterprises to make informed financial decisions. Transitioning into the year 2025, business owners must stay informed about regulatory updates to adapt and grow effectively.
A distinguished panel of speakers will anchor the session, sharing their expertise to empower participants with actionable knowledge. UBA’s Head of SME Banking, Babatunde Ajayi, will provide insights on leveraging banking solutions to mitigate tax-related challenges. Additionally, financial analysts Adeyemi Adediran and Vincent Okoukoni from Anderson Consulting will outline practical strategies for managing tax obligations under the new regulations. By addressing real-world scenarios, the experts aim to simplify complex tax policies and enable SMEs to thrive in a competitive business landscape.
Shamsideen Fashola, UBA’s Group Head of Retail and Digital Banking, emphasized the significance of the event, noting that it aligns with the bank’s mission to drive sustainable business practices. “Getting firsthand knowledge from experts on this critical topic, as facilitated by UBA, is invaluable for any business owner aiming to build a lasting enterprise,” Fashola stated. His remarks underscore UBA’s role as a catalyst for business success, offering resources that equip entrepreneurs with tools to overcome financial hurdles. READ ALSO: Updated: Keyamo, Alawuba Laud UBA, FAAN Partnership at MMIA Renovation
Alero Ladipo, UBA’s Group Head of Marketing & Corporate Communications, reinforced the bank’s unwavering commitment to empowering businesses of all sizes. She highlighted how the Knowledge Series has consistently enabled SMEs to seize opportunities and embrace growth. “At UBA, we remain dedicated to guiding our customers toward making informed business decisions and accessing new opportunities,” Ladipo affirmed. Her statement reflects UBA’s vision for fostering long-term partnerships with clients and advancing financial inclusion across Africa.
In addition to unpacking the 2024 withholding Tax Regulations, the webinar will demonstrate how businesses can align their strategies to unlock economic benefits. The session also aims to address common misconceptions about tax compliance, providing clarity on the responsibilities and opportunities associated with the new regulations. Participants will leave the event equipped with the knowledge to navigate the tax landscape confidently, ensuring their enterprises remain compliant while achieving sustained growth.
As a leading financial institution, UBA continues to champion initiatives that drive economic transformation and empower entrepreneurs. The Knowledge Series reflects the bank’s belief that informed businesses are better positioned to succeed in dynamic economic environments. Operating in 20 African countries and beyond, UBA remains committed to deploying cutting-edge technology and innovative solutions that support its over 45 million global customers.
With the upcoming webinar, UBA once again reaffirms its role as a trusted partner for businesses, providing the expertise and resources necessary to thrive under the new tax regime. SMEs and business owners who wish to secure their competitive edge in 2025 are encouraged to attend this transformative event and unlock the full potential of their enterprises.
