Financial Q&A: Your Questions Answered
Search our comprehensive knowledge base or submit your own question. We provide clear, practical answers to real financial questions from Nigerian entrepreneurs.
All Questions
Showing 2 of 72 results
Withholding Tax (WHT)1/17/2026
What happens to WHT if a small company is working with a supply contract morethan ₦2 million?
This is where the law gets tricky. There is a "policy contradiction" between the Nigeria Tax Act 2025 and the Withholding Tax (WHT) Regulations 2024. If the transaction is more than ₦2 million, the client is technically required to deduct WHT, even if you are a small company. Here is how that works and how you handle it:
Withholding Tax (WHT)1/17/2026
How will the new tax reforms affect WHT for small business
Under the latest 2024/2025 regulations, if you are a Small Company (turnover ≤ ₦50m), you are generally exempt from having WHT deducted from your payments by your clients, provided you have a valid TIN and the transaction is ₦2m or less.
Previous
Page 15 of 15