Investors in the Nigerian capital market have commenced feeling the heat of the new tax regime driven by the country’s tax reform law of 2025, with deductions of N50.00 from every electronic fund’s transaction of above N10, 000 In their accounts, as the new tax law in takes effect.
The N50.00 deduction on electronic transfer tagged, stamp duty tax, is adding to the burden of investors in the Nigerian market, in addition to the 10 per cent withholding tax on dividends payments, irrespective of the value.
The reality of the new tax regime was re-echoed yester by Cordros securities in a mail to its customers titled “important update on stamp duty charge.
The investment company, in the mail notified investors that the stamp duty tax collection has taken off and that investors should brace up with the new deduction on their cash transfers above N10.000.
“In line with the 2025 tax reform which took effect on January 01, 2026, a stamp duty of N50 naira now applies transfers from N10, 000 and above
From withholding tax to stamp duty tax
Please note that this additional charge is a statutory requirement to be borne by customers.
Accordingly, the N50, 00 stamp duty will be deducted automatically from all transfers from N10, 000 made to your account.
We remain committed to transparency and keeping you informed of regulatory developments that may impact your transactions” Cordros sounded.
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