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Contractors and consultants are among the most impacted groups under the 2026 tax reforms. The Nigeria Revenue Service (NRS) has introduced a clear distinction between ‘Technical Services’ and ‘General Contracts’ to end years of confusion. If you are a freelancer or a firm, knowing your category is vital to protecting your profit margins.
2026 WHT Rates for Professionals
- Consultancy & Professional Fees: 10% for companies; 5% for individuals/enterprises.
- Technical Services: 10% (applies to specialized engineering or IT services).
- General Contracts: 5% (covering supplies and non-specialized services).
- Construction (Special Rate): 2.5% for major infrastructure projects in 2026.
For a deeper dive into how these rates are applied, read How to Calculate WHT in Nigeria. If you are an individual consultant, see Personal Income Tax Reforms for your ₦800k exemption details.
The SME Exemption Rule
One of the biggest wins in 2026 is the Small Business Relief. If your annual turnover is below ₦50 million and the contract value is under ₦2 million, you may be exempt from WHT deductions, provided you have a valid TIN. Learn more in our SME Tax Guide. To verify rates, visit the NRS website or refer to PwC Nigeria’s latest tax alert.
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