FIRS Orders Banks to Deduct Withholding Tax on Short Term Investments
The Federal Inland Revenue Service (FIRS) has introduced a 10 percent withholding tax on all interest earned from short term investments like treasury bills, fixed deposits, and corporate bonds. This means investors will now receive slightly less in returns as the tax will be deducted at source. Here’s what this change means for everyday Nigerians and how Page Financials can help you stay ahead.posted by Admin on 30 Oct, 2025
