Nigeria: Rate for unpaid or late payment of taxes | KPMG | GLOBAL
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Nigeria: Interest rate for unpaid or late payment of taxes

Nigeria: Rate for unpaid or late payment of taxes

Taxpayers will be liable to interest for non-payment and late payment of taxes at a rate of 19%, effective 1 July 2017.


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The tax authority issued public notices in 2014 and 2015 fixing a 15% interest rate on unpaid taxes for the two years. The applicable interest rate was not published in 2016. This resulted in the use of varying interest rates by different offices of the tax authority.


Read a May 2017 report [PDF 96 KB] prepared by the KPMG member firm in Nigeria

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