Tag: Withholding tax in Nigeria: Key details
Withholding tax in Nigeria: Key details
What is withholding tax? Withholding tax are taxes deducted at the point of payment for goods and services or gaining of a revenue. It is levied on non-residents’ income in Nigeria as well as certain categories of resident income. The idea behind withholding tax is that the payer is responsible for withholding a certain percentage …