Lagos State implements 5% withholding tax on licensed gaming winnings
Lagos State has begun deducting 5% withholding tax from qualifying net winnings paid through licensed gaming platforms, the state government said. Operators must deduct the tax at payout and remit it to the Lagos State Internal Revenue Service; players must provide their National Identification Number under KYC requirements.
Licensed operators in Lagos must apply the deduction and maintain records for payouts to players.