Withholding Tax (WHT)

Withholding Tax (WHT)
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Withholding Tax (WHT)


  • Introduction

Scope/Companies covered

It is applicable on all relevant transactions except those exempted like imported goods; sales in the ordinary course of business; direct purchases from the manufacturers; exempted income; etc.


Rate of Tax

The rate is between 5% and 10% depending on the nature of transaction.


Enabling laws

Withholding tax regulations and other provisions in CITA, PPTA and PITA.


Recent Amendments –

  1. WHT on technical, management and consultancy fees offered outside Nigeria shall be final.
  2. WHT on construction contract is now 5%


  • Filing obligations

21st day following the month of transaction for transactions with Corporate entities and 30th day of the following month for transaction involving individuals.


  • Associated Penalties
  • Non-payment of taxes

Penalties at 10% and interest at the prevailing Market ranging from 19% – 21%.

Kindly click the link below to download the Explanatory Note on WHT

Explanatory Note on WHT


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