₦airaland Forum

RayRay06677:
Hopefully, Monday 29th being the next working day. I wish you good luck. We share same fate.

Na my Christmas money be dat.

Please have you recieved your payment? Still waiting for mine.

Oyetunde49:
Please have you recieved your payment? Still waiting for mine.

I received mine this morning

Vincentnwankwo:
Please house, is cowrywise good for MMF?

Yes, you are good to go.

They offer flexibility in case you want to move from one mutual fund to another, you can do it in there.

Oyetunde49:
Please have you recieved your payment? Still waiting for mine.

I got paid before mid day on the said Monday, 29th.

Check well, your case can't be different

Please will the new tax laws affect our Treasury bill investments?

Because you know our TBills investments are in the million millions if not running in billions, as you know they are targeting funds that drops in accounts. I heard they are also planning to activate 10% VAT on every transaction that takes place on our ATM cards.

We run a risk of the government tax people, regulators and banksters being unable to distinguish between investments and income!

VeeVeeMyLuv:
Please will the new tax laws affect our Treasury bill investments?

Because you know our TBills investments are in the million millions if not running in billions, as you know they are targeting funds that drops in accounts. I heard they are also planning to activate 10% VAT on every transaction that takes place on our ATM cards.

We run a risk of the government tax people, regulators and banksters being unable to distinguish between investments and income!

New tax law has no effect on treasury bill. Nothing new.
If it does please someone should help explain, thanks

RayRay06677:
New tax law has no effect on treasury bill. Nothing new.
If it does please someone should help explain, thanks

Your TB is a short term instrument. They will share in your profit.

1kinggy:
Your TB is a short term instrument. They will share in your profit.

What will be new?

Definitely nothing, we are paying already so new law has no new hold on us.


Gurus can explain further,

For real. Like after that huge withholding tax that's already driving me insane? Pls someone confirm this 😭





?

1kinggy:
Your TB is a short term instrument. They will share in your profit.

You know how dubious these guys can be

For instance

You invested 10m in TBills at rate of 15% for 352 days.
Upfront you get the interest to the tune of 1.35m after withholding tax of 150k was taken off.

Now at the maturation of the tenor (after the 352 days), will the government still tax this 10m?

By removing VAT (10%) and income tax (25%) from the 10m, by playing deaf and dumb in being unable to discriminate between income and investment?

Leaving you with 6.5m?

The New Tax Reform Law (1 Jan 2026) is applicable to income not capital. Interest income on short-term securities and dividends excluding government bonds, have WHT applied to them (10%). So no change there. Note, you can utilise your WHT deductions against your total taxable income should you choose .

A summary of the Tax Reform Law is here:

https://fiscalreforms.ng/index.php/2025/11/03/fifty-50-tax-exemptions-and-reliefs-that-will-benefit-the-masses-under-the-new-tax-reform-laws-effective-from-1-january-2026/

RayRay06677:
What will be new?

Definitely nothing, we are paying already so new law has no new hold on us.


Gurus can explain further,

A useless ruler that couldnt give us cheap fuel drilled here in nigeria.. we're buying ×6 of the actual price,, how do u think such a wicked person will give u tax that will benefit u..
We in for long hard times..

Gd morning I Investors. Pls I am a newbie and I have been reading the thread. Pls I want to invest 20m in TB for 365 days. Can I get 20% ROI? Is there a safe online platform that I can use to buy the TB? If yes, which platform is the best?

viazi:
Gd morning I Investors. Pls I am a newbie and I have been reading the thread. Pls I want to invest 20m in TB for 365 days. Can I get 20% ROI? Is there a safe online platform that I can use to buy the TB? If yes, which platform is the best?

Go to your commercial banks, the major ones, meet the Branch Manager one on one

Its not hard nah... we go carry dem to court

VeeVeeMyLuv:
You know how dubious these guys can be

For instance

You invested 10m in TBills at rate of 15% for 352 days.
Upfront you get the interest to the tune of 1.35m after withholding tax of 150k was taken off.

Now at the maturation of the tenor (after the 352 days), will the government still tax this 10m?

By removing VAT (10%) and income tax (25%) from the 10m, by playing deaf and dumb in being unable to discriminate between income and investment?

Leaving you with 6.5m?

Has anyone received coupon payment for 2031 bond which is supposed to be paid on the 30th December?

Vincentnwankwo:
Please house, is cowrywise good for MMF?

Yes they are licensed

viazi:
Gd morning I Investors. Pls I am a newbie and I have been reading the thread. Pls I want to invest 20m in TB for 365 days. Can I get 20% ROI? Is there a safe online platform that I can use to buy the TB? If yes, which platform is the best?

Your bank is the best bet or visit any licensed investment house.

Though, you can get above what Tbills is doing currently for shorter tenure if you invest in fixed deposit. You can check my signature

skydiver01:
The New Tax Reform Law (1 Jan 2026) is applicable to income not capital. Interest income on short-term securities and dividends excluding government bonds, have WHT applied to them (10%). So no change there. Note, you can utilise your WHT deductions against your total taxable income should you choose .

A summary of the Tax Reform Law is here:

https://fiscalreforms.ng/index.php/2025/11/03/fifty-50-tax-exemptions-and-reliefs-that-will-benefit-the-masses-under-the-new-tax-reform-laws-effective-from-1-january-2026/

Well done Boss. Thanks for sharing link

VeeVeeMyLuv:
You know how dubious these guys can be

For instance

You invested 10m in TBills at rate of 15% for 352 days.
Upfront you get the interest to the tune of 1.35m after withholding tax of 150k was taken off.

Now at the maturation of the tenor (after the 352 days), will the government still tax this 10m?

By removing VAT (10%) and income tax (25%) from the 10m, by playing deaf and dumb in being unable to discriminate between income and investment?

Leaving you with 6.5m?

Nobody will tax you once they have already tax you upfront. At maturity you get your principal.

If they tax you twice, simply make a complain.

RayRay06677:
New tax law has no effect on treasury bill. Nothing new.
If it does please someone should help explain, thanks

It does. Before now Tax on Tbills was suspended then later reintroduce about three years ago but some banks don't charge. Late last year, a circular was released by FIRS mandating all banks and investment house to deduct WHT on short term instrument.

For Government instruments that are more than a year like FGN Savings, Sukuk, Bond etc and they won't be taxed

Nakedman:
Has anyone received coupon payment for 2031 bond which is supposed to be paid on the 30th December?

People just dey do anyhow for this administration and nobody to caution them. Even Sukuk IV rent/coupon payment that was due on 29th of December have not been paid.

As far as I know, these things doesn't used to be like this before this present. Even workers are owed salaries for additional one month within their organisation and nobody can say anything.

Odunharry:
It does. Before now Tax on Tbills was suspended then later reintroduce about three years ago but some banks don't charge. Late last year, a circular was released by FIRS mandating all banks and investment house to deduct WHT on short term instrument.

For Government instruments that are more than a year like FGN Savings, Sukuk, Bond etc and they won't be taxed

WHT is not a new component, we paid and will continue paying.

Any other new tax on treasury bill investment?


I think none.

If there's, let's learn together.

Who know the rate for TBill

RayRay06677:
WHT is not a new component, we paid and will continue paying.

Any other new tax on treasury bill investment?


I think none.

If there's, let's learn together.

There's no other tax on treasury bill

freeman67:
People just dey do anyhow for this administration and nobody to caution them. Even Sukuk IV rent/coupon payment that was due on 29th of December have not been paid.

As far as I know, these things doesn't used to be like this before this present. Even workers are owed salaries for additional one month within their organisation and nobody can say anything.

This is crazy. I have been checking my app for alert since 30th. I tire for this administration.

freeman67:
People just dey do anyhow for this administration and nobody to caution them. Even Sukuk IV rent/coupon payment that was due on 29th of December have not been paid.

As far as I know, these things doesn't used to be like this before this present. Even workers are owed salaries for additional one month within their organisation and nobody can say anything.

I just got paid few mins ago.

Nakedman:
I just got paid few mins ago.

Me too

VeeVeeMyLuv:
You know how dubious these guys can be

For instance

You invested 10m in TBills at rate of 15% for 352 days.
Upfront you get the interest to the tune of 1.35m after withholding tax of 150k was taken off.

Now at the maturation of the tenor (after the 352 days), will the government still tax this 10m?

By removing VAT (10%) and income tax (25%) from the 10m, by playing deaf and dumb in being unable to discriminate between income and investment?

Leaving you with 6.5m?

Please someone should respond to this...

This government get as e b. Before they'll classify it as an income hence, it needs to be taxed at prevailing rates...

vanvickie:
Please someone should respond to this...

This government get as e b. Before they'll classify it as an income hence, it needs to be taxed at prevailing rates...

Scroll up. The question has been answered multiple times

vanvickie:
Please someone should respond to this...

This government get as e b. Before they'll classify it as an income hence, it needs to be taxed at prevailing rates...

The question was answer immediately after your post.

It's not your capital that is taxed. It's your gain or interest that is tax. If they tax you further after the deduction of WHT it will amount to double taxation.

The taxation for investments like CP's, TB's and corporate bonds (Shot Term Debt) is Withholding Tax (WHT) and it's on interest/profit made. In fact even the Capital Gains Tax (CGT) which has capital in its name focus more on gains or profits made, not the capital invested.

Ok. But l let me ask although I asked this question elsewhere but I'm still slightly confused.
How about the money we already have in our accounts before this tax law. What happens to it say we don't invest it . Will it be taxed by the end of the year.


Also let's say one invested in tbills or mutual funds via one of these fund managers and their app and you finally want to withdrawx your capital or just the gains back to your bank account, will the money (capital or gains) be taxed? If yes what narrative can one use to avoid that?

freeman67:
The question was answer immediately after your post.

It's not your capital that is taxed. It's your gain or interest that is tax. If they tax you further after the deduction of WHT it will amount to double taxation.

The taxation for investments like CP's, TB's and corporate bonds (Shot Term Debt) is Withholding Tax (WHT) and it's on interest/profit made. In fact even the Capital Gains Tax (CGT) which has capital in its name focus more on gains or profits made, not the capital invested.