TaxLane

Di first ₦800,000.00 wey you earn no get tax, then na 15% reach ₦3,000,000.00, 18% reach ₦12,000,000.00, 21% reach ₦25,000,000.00, 23% reach ₦50,000,000.00, 25% pass ₦50,000,000.00.

Nigeria VAT rate na 7.5%, e no change for di 2026 tax reform.

Di income wey dem go tax na your gross income minus pension, NHF, and NHIS wey you don pay, plus rent relief (20% of di rent wey you pay for year, but e no fit pass ₦500,000.00). Anybody wey dey earn ₦70,000.00 or less every month no go pay tax at all.

Yes. Under NTA §29 and di Presumptive Tax Regulations 2026, turnover wey dey below ₦12,000,000.00 no go pay presumptive tax; turnover wey reach or pass dat floor go pay 1% of turnover by default, though you fit opt out of di presumptive regime and file under full self-assessment instead.

Di old law (wey dey run reach 2025) dey tax income from ₦1, e no get tax-free band at all, rates from 7% to 24%, and dem dey use Consolidated Relief Allowance instead of di reliefs wey dem list one-by-one now.

Yes. Under NTA §56, small company — gross turnover wey reach or dey below ₦50,000,000/year and fixed assets wey reach or dey below ₦250,000,000, no include professional-services business — go pay 0% Companies Income Tax. Filing still dey required even if ₦0 dey owed; na only di amount wey dem owe go change.

Yes. Under di Deduction of Tax at Source (Withholding) Regulations 2024, client suppose withhold 5% on professional/consultancy fees or technical services, 10% on rent, 2% on general contracts or goods supply, 10% on dividends, 10% on interest, and 5% on royalties for individual (10% for company). Dis withholding tax (WHT) no be extra tax — na credit against wetin you owe when you file your annual return.

Yes, for most case. Under NTA 2025 §124 and di Ninth Schedule, tenancy/lease agreement dey attract 0.78% ad valorem duty (e dey exempt if di annual value dey below ₦10,000,000.00), property conveyances, share capital, loan capital, and marketable-securities transfers each get dia own ad valorem rate, and most other agreements dey carry flat ₦1,000.00 residual duty. Dem must stamp instruments within 30 days after execution under §126. Confirm whether to pay Nigeria Revenue Service or your State IRS — NTA 2025 and NTAA 2025 both preserve stamp-duty administration powers, and di split never dey fully resolved.

No — under NTA 2025 §29, presumptive tax only apply where dem no fit ascertain your income or dem no keep record well enough for proper assessment. If you dey keep correct record, dem go assess you under di ordinary direct-assessment mechanism instead: turnover minus allowable business expenses (wey dem spend wholly and exclusively to produce di income, §20(1)) and any capital allowance, tax am for di same progressive rates wey PAYE use. Use di Self-Employed (Direct Assessment) calculator up here see which figure lower pass for you.

Beyond gross pay, employers must contribute 10% of pensionable pay (basic + housing + transport) go pension, 10% of basic salary go NHIS, 1% of annual gross pay go NSITF, and 1% of annual gross pay go ITF — on top of di employee own 8%/5% contribution dem. Together dis one dem make up di total statutory employer cost wey di Employer Cost calculator dey show.

Pension na compulsory under di Pension Reform Act 2014 for employers wey get 15 or more staff (e dey voluntary below dat); NHIS na compulsory for employers wey get 5 or more staff for di organized private-sector rate. Both dey apply regardless of company size once dem reach dose thresholds.

Yes, both dey included. NSITF apply to every employer, no headcount or turnover threshold, so dem add am unconditionally. ITF too dem calculate unconditionally at 1% of annual payroll — for practice ITF only apply to employers wey get 5+ staff or ₦50 million+ annual turnover, but dis calculator no dey collect employee-count or turnover input to gate on top, so if your business dey below both threshold dem, remove di ITF line from your total.

E go depend on which of di five ECOWAS Common External Tariff band your goods fall into — 0% for essential/capital goods up to 35% for restricted/priority-sector goods — applied to your CIF (cost, insurance, and freight) value, plus 4% FCS levy on FOB, 7% surcharge on di duty amount, 0.5% ECOWAS Trade Liberalisation Scheme levy on CIF, and 7.5% import VAT on di cumulative total. Confirm your own HS code and final duty with licensed customs agent — na general-goods estimate be dis, and NAFDAC/SON-clearance items go carry additional fee wey no dey included. Vehicle get dia own flat rate instead of dis band dem — switch go 'Vehicle' mode for dis calculator for Used (20% duty + 15% levy) or CKD (5% duty + 5% levy).

Yes, e free, no account dey needed. Di calculations dey run for your own phone or computer, dem no dey send am go any server.

No — na just guide, e no be tax advice.

NRS na Nigeria federal tax authority — e dey collect PAYE, VAT, CIT and di oda taxes wey TaxLane dey calculate. Dem used to call am Federal Inland Revenue Service (FIRS) until di Nigeria Revenue Service (Establishment) Act 2025 rename am, wey start 1 January 2026. TaxLane no get connection with NRS or any government body — check 'Na official tax advice be dis?' up here.

No, e no dey automatic. Under NTA §202, you be Nigerian tax resident if you meet just one out of six factors: you dey domiciled for Nigeria, you get house wey you fit use for Nigeria, you get habitual abode for Nigeria, you get substantial economic and immediate family ties for Nigeria, you sojourn for Nigeria for 183 days or more within 12-month period (e include any annual leave or temporary absence, wey dey count toward dat total instead of against am), or you dey serve as Nigerian diplomat abroad. Na only when all six factors fail at di same time you go become non-resident — so house wey just dey available make you use, or spouse and children wey remain for Nigeria, dey enough on im own to keep you as resident, no matter how many days you spend abroad. Once you be resident, NTA §12 go tax your income on worldwide basis, no matter where e come from or whether you bring am come Nigeria.

Confirmed non-residents still owe Nigeria tax on plenty income categories. Employment income for duties wey dem perform for Nigeria still dey taxable under NTA §13(1)(b) if Nigeria-resident employer pay am, if Nigerian branch or permanent establishment of non-resident employer bear am, or if dem no tax am for your country of residence — any one out of dis three gateways dey enough, no be only di last one, so income wey Nigeria-resident employer pay still dey taxable even if dem tax am abroad too. Beyond employment income, non-resident still owe tax on capital gains on Nigerian-situated assets like property or shares for Nigerian company (§17(2)), dividends from Nigerian company via final withholding tax (§19(1)), interest where di payer be Nigeria-resident no matter where you dey live (§4(6)(a)), and rent or royalties on Nigerian-situated property or rights (§4(1)(b)).