₦airaland Forum

Odunharry:
Ah your bank don't charge WHT on interest ?
You are lucky

Grupo:
Stanbic bank doesn't charge wht on intereet.

Odunharry:
If you are close to the bank you can visit or mail their complaint desk

Odunharry:
Yes. Some banks don't charge and some do

heavenisreal18:
Even GTB doesn't ,I am confused seeing this debit

Educationalserv:
And you can't go to the bank ?

Odunharry:
Kindly reach out to Gtb for more clarification

heavenisreal18:
Good evening, pls my investment matured yesterday and I got the money credited into my account yesterday, this evening I noticed they deducted 11k from my account calling it WHT T bill,this has never happened to me before .Help me

heavenisreal18:
Is the WHT only applicable to short term, what if is 182 or 365 ,does it mean I won't pay WHT, our gurus investor and finance people help

heavenisreal18:
I was told they have implemented WHT that it was Instruction from FIRS.

sammily:
is the WHT applicable to the monthly FG savings bonds?

RayRay06677:
Treasury bills (T-bills) in Nigeria are now subject to taxation following the expiration of a previous tax exemption order. The interest earned is subject to a 10% withholding tax (WHT) for corporate entities, while individuals are exempt from this tax, although corporate income tax may still apply.



Please note that individuals are tax free on Tbills.

Odunharry:
Next auction is Wednesday 22nd October, 2025

RayRay06677:
Treasury bills (T-bills) in Nigeria are now subject to taxation following the expiration of a previous tax exemption order. The interest earned is subject to a 10% withholding tax (WHT) for corporate entities, while individuals are exempt from this tax, although corporate income tax may still apply.



Please note that individuals are tax free on Tbills.

sirrotex:
Thank you for the information. Please share source of this information as I have been a victim of several wht tax deductions

fannybaby:
. Good afternoon, please when is the next auction date.

Chikebrain:
Good day house, my account officer just reached me that they be deducting the 10% WHT on interest from my previous TB investment on maturity following the firs memo

This is rather unfair for previous investment

Chikebrain:
Good day house, my account officer just reached me that they be deducting the 10% WHT on interest from my previous TB investment on maturity following the firs memo

This is rather unfair for previous investment

enque:
Haba
Shouldn't it be going forward 😡

kristien4:
Which Bank?

kristien4:
Which Bank?

Chikebrain:
Im still confused. Why would they charge from previous investment