Every rate, threshold, and rule below is a section number in one of two gazetted Acts — the Nigeria Tax Act, 2025 (No. 7) and the Nigeria Tax Administration Act, 2025 (No. 5), not a summary of someone else's summary of it. Nothing here is added beyond what's already cited in TaxLane's own calculator code.
New-regime (2026) termination-benefit treatment
The excess of a termination benefit over its relief cap is aggregated into ordinary taxable income and taxed at the same progressive PAYE bands as everything else — not a separate flat-rate charge.
Section NTA 2025 §50(2)/§28(2)(a)(v)/§58
Pre-2026 (old-regime) termination-benefit treatment
Old regime only: a termination benefit's excess over its (lower, ₦10,000,000) relief cap is a flat 10% capital gain, never PAYE-banded.
Section CGTA §36(2)
Last verified against the gazetted Act text: 12 July 2026.
Zero-rated and VAT-exempt goods/services
Basic food, medicine, education, exports, and the other listed categories attract no VAT at all.
Section NTA 2025 §186/§187
Last verified against the gazetted Act text: 11 August 2026.
Small-business VAT exemption
Turnover not exceeding ₦50,000,000 AND fixed assets under ₦250,000,000 — both conditions required. Professional-services businesses are excluded outright, regardless of turnover.
Section NTAA §22(4) / §147
Turnover floor and default rate
Turnover under ₦12,000,000 owes no presumptive tax. At or above that floor, 1% of turnover is owed by default, with an option to opt out and file under full self-assessment instead.
Section NTA §29 / Nigeria Presumptive Tax Regulations 2026
Small-company definition
Gross turnover not exceeding ₦50,000,000/year AND fixed assets not exceeding ₦250,000,000 — both conditions required. Professional-services businesses are excluded regardless of turnover.
Section NTA §202
Small-company CIT rate
0% — a full annual CIT return is still required even though nothing is owed.
Section NTA §56
Standard (non-small-company) CIT rate
30% of total profits, for any company that doesn't qualify as a small company.
Section NTA §56
Development Levy
4% of assessable profits — a distinct, earlier-stage base than "taxable profit" — for any company other than a small company or a non-resident company.
Section NTA §59(1)
Large-company/multinational-group minimum effective tax rate
A top-up payment, not a replacement figure, triggered by ₦20,000,000,000-or-more domestic turnover or membership of a multinational-enterprise group of any size.
Section NTA §57
Rates by transaction type
5% professional/consultancy fees, 5% technical services, 10% rent, 2% general contracts/goods supply — identical for corporate and non-corporate resident recipients.
Section Deduction of Tax at Source (Withholding) Regulations 2024, First Schedule
Remittance deadline
Due the 21st of the month following the month of payment; missing it triggers a failure-to-remit penalty.
Section NTAA 2025 §107(1)
Last verified against the gazetted Act text: 2 August 2026.
TaxLane's bulk Payroll calculator applies the same 2026 PAYE bands to each employee individually — see PAYE's citations above.
New-regime (2026) termination-benefit treatment
The excess of a termination benefit over its relief cap is aggregated into ordinary taxable income and taxed at the same progressive PAYE bands as everything else — not a separate flat-rate charge.
Section NTA 2025 §50(2)/§28(2)(a)(v)/§58
Pre-2026 (old-regime) termination-benefit treatment
Old regime only: a termination benefit's excess over its (lower, ₦10,000,000) relief cap is a flat 10% capital gain, never PAYE-banded.
Section CGTA §36(2)
Last verified against the gazetted Act text: 12 July 2026.
Employer pension and NHIS contributions
10% of pensionable pay (pension) and 10% of basic salary (NHIS).
Section Pension Reform Act 2014
Employer NSITF contribution
1% of gross pay — no headcount or turnover threshold; applies to every employer.
Section Employees' Compensation Act 2010 §33/§73
Last verified against the gazetted Act text: 22 July 2026.
Employer ITF contribution
1% of gross pay. A reported 5-or-more-staff/₦50,000,000-turnover applicability threshold is not enforced here — this calculator has no employee-count or turnover input to check it against.
Section LFN 2004 §6
Last verified against the gazetted Act text: 22 July 2026.
Employer's annual return of emoluments (Form H1)
File with each State IRS where you have resident staff by 31 January. Late filing carries a ₦100,000 penalty for the first month plus ₦50,000 for each month it continues, per state.
Section NTAA 2025 §14(1) (deadline) / §101 (penalty)
Principal private residence exemption
Property disposals only — can only be claimed once in a lifetime.
Section §51
Last verified against the gazetted Act text: 21 July 2026.
Full reinvestment into Nigerian shares exemption
Share disposals only, and only when the full proceeds are reinvested.
Section §34(1)(a)(iii)
Last verified against the gazetted Act text: 21 July 2026.
Regulated securities-lending transfer exemption
Share disposals only.
Section §34(1)(a)(ii)
Last verified against the gazetted Act text: 21 July 2026.
Small-share-disposal exemption
Proceeds under ₦150,000,000 AND gain not exceeding ₦10,000,000 — both conditions required.
Section §34(1)(a)(i)
Last verified against the gazetted Act text: 21 July 2026.
Company disposals
The gain is folded into total profits and taxed at the company's existing CIT rate — there's no separate company CGT rate.
Section §27(1)/§56
Last verified against the gazetted Act text: 21 July 2026.
Individual disposals
The gain is aggregated into total taxable income, and the whole aggregate is run through the same progressive PAYE bands once.
Section §28(2)(a)(v)/§58
Last verified against the gazetted Act text: 21 July 2026.
Ad valorem rates by instrument type
Tenancy/lease 0.78%, property conveyance 1.5%, share capital 0.75%, loan capital 0.125%, marketable securities 0.225%.
Section NTA 2025 Ninth Schedule
Last verified against the gazetted Act text: 23 July 2026.
Tenancy/lease exemption ceiling
No duty at all when the annual value is under ₦10,000,000.
Section NTA 2025 §135
Last verified against the gazetted Act text: 23 July 2026.
Electronic transfer duty
A fixed ₦50 duty on transfers/receipts of ₦10,000 or more; none below that threshold.
Section Ninth Schedule item 48 / §185(i)
Last verified against the gazetted Act text: 23 July 2026.
Stamping window
Instruments must be stamped within 30 days after execution.
Section §126
Last verified against the gazetted Act text: 23 July 2026.
Tenancy/lease ad valorem duty
Tenancy/lease agreements attract ad valorem duty under the Ninth Schedule.
Section NTA 2025 §124
Last verified against the gazetted Act text: 23 July 2026.
Administering authority
Genuinely disputed between the Nigeria Revenue Service (NRS) and State Internal Revenue Services, with no per-instrument carve-up in the gazetted text — confirm which authority to pay before paying.
Section NTAA 2025 §3(1)(b)(ii)/§87(1)
Last verified against the gazetted Act text: 23 July 2026.