Lagos gaming authority applies 5% withholding tax to online winnings
The Lagos State Lotteries and Gaming Authority introduced an immediate 5% withholding tax on net winnings from all Lagos-licensed online gambling platforms, the authority said in a public notice. Platforms will deduct the tax when paying winnings and remit it to the Lagos State Internal Revenue Service.
Licensed operators must deduct the tax from payouts and remit it to the state revenue service.