Withholding Tax - The Africa Tax Review

Nigeria Enforces 10% Withholding Tax on Short-Term Investment Interest

October 30, 2025October 30, 2025 - by Jeremiah Amosu - Leave a Comment

Nigeria Enforces 10% Withholding Tax on Short-Term Investment Interest. The Federal Inland Revenue Service (FIRS) has directed banks, stockbrokers, and financial institutions to begin deducting a 10% withholding tax (WHT) …

Banks and Agencies to Enforce Withholding Tax on Short-Term Securities

WESTERN AFRICA

Nigeria: FIRS Introduces Withholding Tax System to Boost Compliance

February 4, 2025February 4, 2025 - by Jeremiah Amosu - Leave a Comment

The Federal Inland Revenue Service (FIRS) has officially launched a new withholding tax system aimed at improving tax collection, ensuring compliance, and increasing government revenue. Enhancing Efficiency and Transparency In …