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.
Dem must meet both thresholds di same time — company wey dey under di turnover ceiling but over di fixed-assets ceiling (or di other way round) still no go qualify, even though either figure alone for pass.
| Threshold | Value |
|---|---|
| Turnover thresholdTurnover ceiling | ₦50,000,000.00 |
| Fixed-assets thresholdFixed-assets ceiling | ₦250,000,000.00 |
| Rate if you qualifyRate if eligible | 0% |
Professional-services businesses no fit qualify, no matter di turnover.
File full annual CIT return within 6 months after your fiscal year-end, even though ₦0 dey owed. New companies: within 18 months after incorporation or 6 months after your first accounting period, whichever one come first.
Standard Companies Income Tax rates go apply — put your taxable profit (di figure from your accountant or latest management accounts, no be your raw revenue) directly for di CIT calculator up here to get estimate for di flat 30% rate. Dat estimate no include di 4% Development Levy or di 15% minimum effective tax rate wey fit apply to big companies — confirm your final liability with tax professional.
Capital allowance (on qualifying capital expenditure) and loss relief (loss wey carry forward from before) na di two deductions wey turn assessable profit go taxable profit.
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.
E come from di Nigeria Tax Act 2025 — see full citations →
Not sure whether your company owes CIT at all? Read the guide.