Niger Investment Income Guide 2026
Investment income in Niger is subject to withholding taxes at source. Dividends paid by Nigerien companies are subject to WHT. Interest on bonds, bank deposits, and other fixed-income instruments is also subject to withholding tax. The tax treatment varies by instrument and investor type. Capital gains are treated as ordinary income and taxed under the progressive IRPP or CIT rates.
Overview — Investment Income Taxation
Niger taxes investment income through withholding taxes at source for most passive income streams. The withholding tax is generally a final tax for resident individuals, meaning no further tax reporting is required. For companies, withheld tax is creditable against corporate tax. For non-residents, withholding tax rates may be reduced under applicable double tax treaties. The Direction Générale des Impôts (DGI) administers all withholding tax under the Code Général des Impôts. The investment landscape in Niger includes Treasury bills, bonds, and bank deposits, each with distinct tax treatments.
Dividends — Withholding Tax
Dividends paid by Nigerien-resident companies are subject to withholding tax. The standard rate is 10% for resident shareholders. This is generally a final tax for resident individuals, meaning the dividend income is not included in the individual's progressive IRPP assessment. For corporate shareholders, the WHT is a creditable advance payment against their CIT liability. For non-residents, the dividend WHT rate is generally 12% (reduced under applicable double tax treaties). Dividends distributed out of profits that have already borne CIT at the normal rate may benefit from reduced withholding.
Interest Income — Withholding Tax
Interest income is subject to withholding tax at varying rates depending on the source:
- Treasury bills and government bonds — withholding tax at source on interest payments
- Bank deposit interest — withholding tax at source, generally creditable against final tax
- Corporate bonds — withholding tax on interest payments
- Foreign currency deposits — withholding tax applies to interest earned
The applicable WHT rate on interest is typically 10% for residents. Interest on certain government securities may benefit from reduced rates or exemptions under the investment code to encourage savings in government instruments.
Income from Securities & Treasury Bills
Treasury bills (Bons du Trésor) and other government securities are available through the regional financial market (BRVM — Bourse Régionale des Valeurs Mobilières) based in Abidjan. Interest income is subject to withholding tax at source. The Regional Stock Exchange (BRVM) provides a platform for trading securities of WAEMU member states including Niger. Investment in regional securities is subject to the harmonised tax framework of WAEMU, which provides for uniform withholding tax treatment across member states.
FAQs
Do I need to report dividend income on my tax return?
If you are a resident individual, the WHT on dividends is generally final, so no further reporting is needed. Non-residents and corporate shareholders should report and claim treaty relief where applicable.
Are foreign investment income and capital gains taxable in Niger?
Yes, tax residents are taxed on worldwide investment income. Foreign dividends, interest, and capital gains should be declared in the annual tax return. Foreign tax credits may be available under double tax treaties.
What is the WHT rate on interest for non-residents?
Non-residents are generally subject to a 12% WHT on interest from Nigerien sources, which may be reduced under applicable double tax treaties.
Disclaimer
This guide provides general information about Nigerien investment income taxation for the 2026 tax year. Tax laws and rates may change. Always consult with a qualified Nigerien tax advisor or the Direction Générale des Impôts for advice specific to your situation. InvestmentKit does not provide tax advice.