Withholding tax (WHT)

This page shows you how Zinye handles withholding tax (WHT) — deducting it on your purchase invoices and recording it for remittance, without manual entries.

Tag your suppliers once

WHT keys off the supplier. On a Supplier record, in the Nigeria Compliance section, set the WHT Category:

Category	Default rate
Professional / Consultancy fees	10%
Management / Technical fees	10%
Rent / Lease	10%
Royalties	10%
Dividends	10%
Interest (financial institution)	10%
Commission / Agency fees	10%
Directors’ fees	10%
Construction / Building	5%
Contracts (supply of goods)	5%

How it works on a purchase invoice

When you raise a Purchase Invoice for a supplier who has a WHT category:

1. The Withholding Tax section opens automatically.
2. WHT Applicable is ticked and the WHT Rate is filled in with that category’s default.
3. You can override the rate before saving if needed.

When you submit the invoice, Zinye posts the journal entry for you:

Dr  Accounts Payable (supplier)   WHT amount
Cr  WHT Payable                   WHT amount

This reduces what you owe the supplier, and a confirmation shows the journal entry number.

Caution

Your Chart of Accounts must include an account named “WHT Payable” (type: Payable). If it’s missing, the journal entry is skipped — add the account, then re-submit. If you’re unsure, contact support.

File the WHT

Go to Reports → Nigeria WHT Schedule to list all WHT deductions for the period — that’s your remittance schedule, due to the NRS by the 21st of the following month. See Compliance reports.

Related

• VAT
• Compliance reports