Nigeria · Tax System
Corporate tax, VAT/GST, personal income tax, capital gains, and filing obligations.
AI-drafted, editorial review pending. The official links below are checked — confirm specifics with the authority.
The Nigeria Tax Act 2025 took effect on 1 January 2026, and the Nigeria Revenue Service replaced the Federal Inland Revenue Service. Personal income is taxed in bands: the first ₦800,000 at 0%, then 15%, 18%, 21% and 23%, and 25% on taxable income above ₦50,000,000. Companies pay 30% plus a 4% development levy, while small companies — gross turnover of ₦50 million or less and fixed assets up to ₦250 million, excluding professional services — pay 0% and no levy. VAT stays at 7.5%. Employees' income tax goes to the revenue service of the state where they live, through PAYE.
- Personal bands: first ₦800,000 at 0%, rising to 25% above ₦50,000,000 of taxable income.
- Companies: 30% plus a 4% development levy; small companies (turnover ≤ ₦50m, fixed assets ≤ ₦250m) pay 0%.
- VAT is 7.5%; FIRS became the Nigeria Revenue Service on 1 January 2026.
- Nigeria Revenue Service (NRS)
Nigeria Revenue Service, which replaced FIRS on 1 January 2026.
- Nigeria Tax Act, 2025 (gazetted text)
Gazetted text of the Nigeria Tax Act, 2025 (hosted by a state revenue service).
Government portals
- Corporate Affairs Commission (CAC) — Company registration, annual returns and company searches.
- Nigeria Revenue Service (NRS) — Federal taxes, including company income tax, VAT and the development levy.
- Nigeria Immigration Service eVisa — Online short-visit visa applications, which replaced visas on arrival in 2025.
- Nigeria Data Protection Commission (NDPC) — Data protection registration, guidance and breach notification.