🇳🇬 Federal Inland Revenue Service (FIRS) • CITA & PITA
Nigeria Withholding Tax (WHT) & VAT Calculator
Compute statutory 7.5% Value Added Tax (VAT), official FIRS Withholding Tax deductions (5% - 10%), net payable invoice amounts, and WHT tax credit notes.
📑 Invoice & Transaction Details
₦
💰 Settlement & Payment Breakdown
Net Payable to Vendor / Contractor
₦0
Total Gross Invoice: ₦0
Net Base Contract Amount (excl. VAT) ₦0
Output VAT (7.5%) +₦0
Total Invoice Value (Base + VAT) ₦0
Applicable WHT Rate 10.0%
Withholding Tax (Deducted from Base) -₦0
FIRS WHT Credit Note Value ₦0 (Tax Credit)
📜 FIRS Guidelines on Withholding Tax & VAT in Nigeria
Transactions involving contracts of supply and services in Nigeria are regulated by FIRS under CITA and PITA:
- WHT is an Advance Tax: Withholding Tax is not an additional tax; it is an advance payment of income tax. The deducting party must remit the WHT to FIRS (or the State Internal Revenue Service - SIRS for individuals) and issue a WHT Credit Note that the vendor uses to offset corporate tax liability.
- WHT on Net Amount: Under FIRS circulars, WHT must be computed strictly on the contract value exclusive of VAT. WHT is never applied on the VAT component.
- Standard WHT Rates: Companies pay 10% on professional services and 5% on contracts of supply. Individuals and business names typically enjoy lower 5% rates on professional fees and commissions.
📊 Statutory Breakdown Matrix
| Statutory Component | Amount / Metric |
|---|---|
| Total Gross Invoice Value | -- |
| Applicable Withholding Tax Rate | -- |
| Value Added Tax (7.5% VAT) | -- |
| Net Payable Amount After Deductions | -- |
MS
Engr. Muhammad Shahzad
Principal Financial Systems Architect & Statutory Compliance Specialist
Lead software and systems architect specializing in high-performance browser computing, algorithmic validation, financial models, and zero-telemetry client-side privacy architecture.