Yes — being self-employed, freelance, or working informally doesn't exempt you from tax. Here's how much you owe, and what filing obligation comes with it.
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.
Being self-employed or working informally doesn't exempt you from filing. Since 2026, every taxpayer — including presumptive-tax filers — must submit an annual return to their State IRS by 31 March (this year's deadline was extended to 14 April), even if no tax is owed. Missing it costs ₦100,000 for the first month, plus ₦50,000 a month after.
Whichever regime applies to you, see where and how to file your annual return.
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.
No — for guidance only, not tax advice.