EFFECTIVE ADMINISTRATION OF WITHHOLDING TAX REGIME IN NIGERIA AND IMPLICATION ON NATIONAL DEVELOPMENTCyril Obika
Starting from 1 April 2022 to 31 December 2028, dividend income of non-resident legal entities from shares in joint stock companies is subject to a reduced WHT rate of 5 % (same as the tax rate applicable to residents), while interest income on bonds is exempt from taxation. ...
ISLAMABAD, June 27 -- Through an amendment in the 2010-11 budget, the federal government has imposed a 10 percent withholding tax on monthly electricity bills of commercial consumers from July 1, while the tax rate for industrial consumers will be 5 percent. 10% WHT on commercial power consum...
Specific conditions apply for higher rate. The United Kingdom considers its tax treaties with Belarus and Russia to remain in force and has stated its intention to continue to comply with their terms, despite receiving notification from Belarus and Russia that they have suspended substantially all ...
Preventing Tax Treaty Abuse – a Toolbox with Preventive Measures for Ghana, South Africa, and Nigeria avoidance mechanism; (c) termination of a tax treaty; (d) tax treaty override; (e) beneficial ownership provisions; (f) BEPS recommendations on preventing treaty abuse; and, (g) a SAAR ...
WITHHOLDING TAX AND CORPORATE FINANCIAL PERFORMANCE: EVIDENCE FROM THE CONSTRUCTION INDUSTRY IN NIGERIAdoi:10.7813/2075-4124.2012/4-4/B.22L. A. NwanyanwuB. D. KiabelInternational Journal of Approximate Reasoning
Excludes interest on funds directly connected with the operation of ships or aircraft in international traffic. Lower rate if paid to a bank for a loan of at least five years for the financing of equipment or of investment projects. Royalties: ...