ARTICLE
10 December 2015

Flaws Of The Withholding Tax System In Nigeria (Part 1)

PN
PwC Nigeria

Contributor

PwC Nigeria logo
PwC Nigeria is one of the leading professional services ?rms in Nigeria with of?ces in Lagos, Abuja and Port Harcourt, with over 1,000 staff and 31 resident partners. We are committed to serving as a force for integrity, good sense and wise solutions to the problems facing businesses and the capital markets. We are guided by one promise – to do what is right, be it with our people, clients, community, or environment.
A survey conducted by PwC during a recent tax stakeholders' event revealed that sixty percent of taxpayers consider withholding tax as the most complex aspect of tax compliance in Nigeria.
Nigeria Tax

A survey conducted by PwC during a recent tax stakeholders' event revealed that sixty percent of taxpayers consider withholding tax as the most complex aspect of tax compliance in Nigeria.

"...the process of obtaining refund is not only rigorous but almost impossible in practice. Taxpayers are subjected to intensive audits and even when the claims are certified, refunds are rarely granted. As a matter of fact, Arsenal has a higher chance of winning the Champions League than a taxpayer obtaining a WHT refund."

Read the article written by Funmi and Bitrus (both of PwC) which was published today in the Guardian Newspaper (copy uploaded below).

Download Flaws of the WHT system in Nig_7Dec2015 

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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