Top income tax
25.0%
Worldwide system
Corporate tax
30.0%
VAT
7.5%
standard rate
Tax residency
183 days
17 tax treaties
Nigeria tax profile
Data year: 2026
- Tax system
- Worldwide Worldwide income taxation for residents. Non-residents taxed on Nigerian-sourced income only.
- Top PIT rate
- 25.0%
- Corporate tax rate
- 30.0%
- VAT
- 7.5%
- Capital gains tax
- 30.0% Capital gains taxed at 10% on disposal of chargeable assets. Small companies (turnover below NGN 100M) exempt from CGT.
- Social security (employee)
- 8.0%
- Social security (employer)
- 10.0%
- Dividend withholding
- 10.0%
- Interest withholding
- 10.0%
- Royalty withholding
- 10.0%
- Treaty count
- 17
Income tax brackets
Personal income
| Bracket min | Bracket max | Rate |
|---|---|---|
| NGN 0 | NGN 800,000 | 0.0% |
| NGN 800,000 | NGN 2,400,000 | 7.0% |
| NGN 2,400,000 | NGN 4,000,000 | 11.0% |
| NGN 4,000,000 | NGN 5,600,000 | 15.0% |
| NGN 5,600,000 | NGN 7,200,000 | 19.0% |
| NGN 7,200,000 | NGN 22,000,000 | 21.0% |
| NGN 22,000,000 | and above | 25.0% |
Tax residency
- Days threshold
- 183 days
- Residency rules
- Resident if present in Nigeria for 183+ days in a 12-month period, or has principal place of residence, or serves as a director of a Nigerian company.
- Exit tax
- No
- CFC rules
- Yes
Filing information
- Fiscal year
- 01-01 – 12-31
- Filing deadline
- March 31
Sources
- Nigeria Tax Act 2025 (accessed May 3, 2026)
- PwC Nigeria CIT (accessed May 3, 2026)
- PwC Worldwide Tax Summaries - Nigeria (accessed Mar 23, 2026) PIT, CIT, VAT, withholding rates, 2025 reform