Yes. Under NTA §29 and the Presumptive Tax Regulations 2026, turnover below ₦12,000,000.00 owes no presumptive tax; turnover at or above that floor is taxed by default at 1% of turnover, though you may opt out of the presumptive regime and file under full self-assessment instead.
There's no ceiling above that floor — turnover of any size is taxed at the same flat rate, with no confirmed upper limit.
Presumptive tax doesn't imply VAT exemption or liability either way — check the VAT calculator separately if you're VAT-registered or need to be. If your business is registered as a company rather than run as a sole proprietorship or informal business, see the CIT calculator instead for company-specific eligibility — small companies (turnover up to ₦50,000,000.00 under NTA §202) pay 0% CIT, which you can compare against your presumptive tax figure using the panel above.
No presumptive tax is owed — the floor only applies at or above that figure.
Yes — turnover at or above the floor is taxed by default, but you may opt out and file under full self-assessment instead.
Yes, it's free with no account needed. Calculations run on your device and are never sent to a server.
No — for guidance only, not tax advice.
Sourced from the Nigeria Tax Act 2025 — see full citations →
Not sure whether PAYE or Presumptive Tax applies to you? Read the guide.