- Withholding Tax (WHT) is a method used to collect Income Tax in advance
- WHT is deducted at varying rates ranging from 5% to 10% depending on the transaction
- The due date for filing WHT returns is 21st day of every succeeding month
- Penalty for late filing of returns is N25, 000 for the first month it occurs and N5, 000 for each subsequent month the failure continues
   Download WITHHOLDING-VAT-RETURNS-AND-GUIDES-FORM-006
   Download WITHHOLDING-TAX-RETURNS-AND-GUIDES-FORM-007
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