Know exactly what the tax authority owes you.
A Withholding Tax (WHT) credit arises when a customer deducts tax from your payment and remits it in your name. You use the credit to reduce your income tax.
Adaeze Foods Limited paid ₦950,000against INV-00412 for ₦1,000,000 · 28 Oct 2026−₦50,000
- Short by exactly 5% of the invoice
- Matches the WHT rate for this service
- Credit note requested from the customer
Received₦950,000
WHT deducted, 5%₦50,000
WHT credits, 2026across 6 customers
Credit notes received7 of 9the rest requested
Set against income tax2026 CIT computation
The problem
Deductions are made, credit notes never arrive, and at year-end nobody can say how much was withheld.
What TaxStreem does
Recognises a payment that is short by the expected WHT and records the deduction.
Keeps a running balance of WHT credits by customer and by year.
Tracks months where your input VAT is more than your output VAT.
Applies WHT credits in your CIT or PIT computation.
