🇳🇬 Nigeria
NG / NGA #31
Nomad Score
48.0
Cities
19
Region
African Union,
Sahel,
OPEC,
Africa,
Africa,
Western Africa,
MINT Countries,
Next Eleven,
Emerging Markets,
Developing Countries
Currency
NGN
🇳🇬 NIGERIA TAX PROFILE
Data year: 2026
Tax System
Worldwide
Worldwide income taxation for residents. Non-residents taxed on Nigerian-sourced income only.
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.
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 % | USD Equivalent |
|---|---|---|---|
| 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
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