Bamboo Begins 10% Withholding Tax Deduction On Treasury Bills, Fixed Returns

Bamboo has notified users that interest earned on selected naira-denominated investment products on its platform will now attract a 10 percent withholding tax (WHT), in line with existing guidelines issued by the Federal Inland Revenue Service (FIRS). According to the notice, the tax applies to interest earned on Treasury Bills, Fixed Returns, and Naira Savings

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