- Capital gains tax rate 30 25
- Income tax brackets updated
Refreshed for NTA 2026: PIT brackets, CGT harmonisation, NRS authority, treaty count, sources, residency/CFC/filing notes (nass.gov.ng) (taxsummaries.pwc.com).
NG
Nigeria
Western Africa
NGN
NG · NGA · #31 · 19 cities
Nomad score
46/100
Compare
Top income tax
25.0%
Worldwide system
Corporate tax
30.0%
VAT
7.5%
standard rate
Tax residency
183 days
16 tax treaties
Nigeria tax profile
Data year: 2026
- Tax system
- Worldwide Residents are taxed on worldwide income under the Nigeria Tax Act 2025 (effective 1 January 2026). Non-residents are taxed on Nigerian-source income. Federal CIT applies to companies; individuals and unincorporated businesses also face state-level personal income tax administered by state internal revenue services.
- Top PIT rate
- 25.0%
- Corporate tax rate
- 30.0%
- VAT
- 7.5%
- Capital gains tax
- 25.0% Chargeable gains form part of an individual's total income and are taxed at the progressive PIT rates (0% to 25%), replacing the former 10% CGT. Company gains are taxed at the applicable CIT rate (30% for large companies). Gains on disposal of shares in Nigerian companies may be exempt where disposal proceeds are below NGN 150 million and the chargeable gain does not exceed NGN 10 million in any 12 consecutive months, subject to reinvestment and other conditions in the Act.
- Social security (employee)
- 8.0%
- Social security (employer)
- 10.0%
- Dividend withholding
- 10.0%
- Interest withholding
- 10.0%
- Royalty withholding
- 10.0%
- Treaty count
- 16
Income tax brackets
Personal income
| Bracket min | Bracket max | Rate |
|---|---|---|
| NGN 0 | NGN 800,000 | 0.0% |
| NGN 800,000 | NGN 3,000,000 | 15.0% |
| NGN 3,000,000 | NGN 12,000,000 | 18.0% |
| NGN 12,000,000 | NGN 25,000,000 | 21.0% |
| NGN 25,000,000 | NGN 50,000,000 | 23.0% |
| NGN 50,000,000 | and above | 25.0% |
Tax residency
- Days threshold
- 183 days
- Residency rules
- An individual is resident if domiciled in Nigeria, maintains a permanent home or habitual abode in Nigeria, spends at least 183 days in Nigeria in any 12-month period (including temporary absences), has substantial economic or immediate family ties in Nigeria, or serves as a Nigerian diplomat abroad. Non-residence requires all of the inverse conditions to be met simultaneously.
- Exit tax
- No
- CFC rules
- Yes Where a foreign company controlled by a Nigerian company does not distribute profits, attributable undistributed profits may be deemed distributed and included in the Nigerian company's profits (NTA s.6). PwC describes CFC rules that can treat undistributed foreign subsidiary profits as dividends taxed up to 34%. Minimum effective tax and foreign top-up rules also apply to large companies and multinational groups.
Filing information
- Fiscal year
- 01-01 – 12-31
- Filing deadline
- March 31
Sources
- Nigeria Tax Act 2025 (National Assembly) (accessed Oct 9, 2026) Fourth Schedule PIT bands; s.6 CFC attribution; chargeable gains in Part VIII
- PwC Worldwide Tax Summaries - Nigeria (accessed Oct 9, 2026) Headline rates, reform timeline, 16 DTTs in force, CGT harmonisation
- PwC Nigeria - Taxes on personal income (accessed Oct 9, 2026) 2026 PIT bands, minimum wage PAYE exemption, residency
- PwC Nigeria - Income determination (accessed Oct 9, 2026) Chargeable gains taxed at progressive PIT rates
- PwC Nigeria - Taxes on corporate income (accessed Oct 9, 2026) CIT 30% / 0% small company, development levy, minimum ETR
- PwC Nigeria - Group taxation (accessed Oct 9, 2026) CFC deemed distribution rules