Nigeria Withholding Tax (WHT) Calculator

Enter the payment amount and select the transaction type to estimate withholding tax due.

Reflects 2024 WHT Regulations rates (effective 2024-07-01). Last checked 2026-09-11 · v1. Tax rules change — verify against an official source before relying on this for a filing. Source.

Nigeria Withholding Tax (WHT) Calculator

Estimate withholding tax due on a payment, by transaction type.

This is an estimate for general informational purposes only, not tax advice. Withholding tax rates can differ depending on whether the recipient is an individual or a company, and whether the transaction is between related parties — verify the exact rate for your transaction under the Deduction of Tax at Source (Withholding) Regulations and any subsequent guidance from the Nigeria Revenue Service.

Withholding tax is deducted at source on many types of payments in Nigeria, at rates that vary by the nature of the transaction — for example, dividends, interest and rent are generally withheld at 10%, while most professional, consultancy, technical and management service fees are withheld at 5%.

Example

  • With the default values shown above, this calculator returns: Applicable WHT Rate ≈ 5.0%; Withholding Tax Amount ≈ NGN 25,000.00; Net Payment (after WHT) ≈ NGN 475,000.00.

Frequently Asked Questions

Is withholding tax a final tax?

Generally no — withholding tax is usually an advance payment of income tax that can be credited against the recipient’s final tax liability, though for some categories of income it can be treated as final.

Who is responsible for deducting WHT?

The party making the payment (the payer) is responsible for deducting withholding tax at the applicable rate and remitting it to the tax authority on behalf of the recipient.

Sources

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