Nigeria's VAT rate is 7.5%, unchanged under the 2026 tax reform.
To find VAT on an amount that excludes VAT, multiply by 7.5% and add the result to the original amount for the gross total. To back VAT out of an amount that already includes it, divide by 1.075 to get the net amount, then subtract the net from the gross to see the VAT portion.
Yes — switch to 'Inclusive' mode and TaxLane backs out the net and VAT portions from a gross figure instead.
Yes — switch to 'Itemized invoice' mode to add line items with a quantity and unit price each, then see a running net, VAT, and grand-total breakdown you can save or export as a PDF or CSV.
File your VAT return with the NRS (via Rev360) by the 21st of the following month.
Not necessarily. Under NTAA §22(4)/§147, a small business — gross turnover at or below ₦50,000,000.00/year and fixed assets below ₦250,000,000.00, excluding professional-services businesses — is VAT-exempt. Check your own status with the VAT calculator's exemption checker above.
No — basic food, medicine, education, exports, and several other categories are zero-rated or exempt under NTA 2025 §§186-187. See the full list in TaxLane's guide to VAT-exempt and zero-rated items.
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 when you need to register for VAT and start charging it? Read the guide.