Get relevant information, calculate taxes and optimize your tax situation with ease based on Nigeria Tax Act 2025
Total Income: ₦0
Total Deductions: ₦0
Chargeable Income: ₦0
Annual Tax Due: ₦0
Monthly Tax: ₦0
Total Income: ₦0
Total Deductions: ₦0
Chargeable Income: ₦0
Annual Tax Due: ₦0
Monthly Tax: ₦0
| Income Bracket | Tax Rate |
|---|---|
| First ₦800,000 | 0% |
| Next ₦2,200,000 | 15% |
| Next ₦9,000,000 | 18% |
| Next ₦13,000,000 | 21% |
| Next ₦25,000,000 | 23% |
| Above ₦50,000,000 | 25% |
Note: These calculators provide estimates based on the Nigerian Personal Income Tax Act. For official tax assessment, please consult a tax professional or the relevant tax authority.
Based on the latest Nigerian Tax Act provisions
Calculating your tax obligations...
Calculating your detailed tax obligations...
Small Companies:
Standard Companies:
Large Companies (MNEs):
| Asset Type | Allowance Rate | Notes |
|---|---|---|
| Buildings | 10% | Straight line basis |
| Plant & Machinery | 20% | Straight line basis |
| Motor Vehicles | 25% | Straight line basis |
| Software | 25% | Straight line basis |
| Agricultural Equipment | 20% | Straight line basis |
| Furniture and Fittings | 20% | Straight line basis |
| Intangible Assets | 10% | Straight line basis |
Note: This calculator provides estimates based on the latest Nigerian Corporate Tax Act provisions. For official tax assessment and specific advice, please consult a qualified tax professional or the Federal Inland Revenue Service (FIRS).
Based on the latest Nigerian VAT provisions (7.5% flat rate)
Calculating VAT obligations...
Standard Rate (7.5%): Applies to most taxable supplies of goods and services in Nigeria.
Zero-Rated Supplies (0%):
Businesses can recover input VAT on zero-rated supplies.
Exempt Supplies (No VAT):
Businesses cannot recover input VAT on exempt supplies.
Registration: Non-resident suppliers making taxable supplies to Nigeria must register for VAT.
Invoicing: VAT must be clearly stated on all invoices for taxable supplies.
Remittance: VAT collected (output VAT) minus VAT paid (input VAT) must be remitted to the Nigeria Revenue Service (NRS) by the 21st day of the following month.
Imports: VAT on imported goods must be paid before clearing the goods from customs.
E-Invoicing: Businesses are required to implement the fiscalization system (e-invoicing) deployed by the NRS.
Non-Resident Suppliers: Nigerian recipients must withhold and remit VAT if the non-resident supplier doesn't include VAT on their invoice.
Important Note: This calculator provides estimates based on the Nigerian VAT Act with a flat 7.5% rate. VAT laws are complex and subject to change. For official VAT assessment and compliance, please consult with a qualified tax professional or the Nigeria Revenue Service (NRS).
Based on the latest Nigerian Tax Act provisions
Calculating tax obligations...
For Companies: Flat rate of 30% on chargeable gains.
For Individuals: Progressive rates based on income tax bands:
| Income Band | Tax Rate |
|---|---|
| First ₦800,000 | 0% |
| Next ₦2,200,000 | 15% |
| Next ₦9,000,000 | 18% |
| Next ₦13,000,000 | 21% |
| Next ₦25,000,000 | 23% |
| Above ₦50,000,000 | 25% |
Calculation Formula:
Chargeable Gain = Disposal Proceeds - Allowable Costs - Incidental Costs of Disposal
For business assets with capital allowance: Allowable Costs = Original Cost - Total Capital Allowance
Shares in Nigerian Companies:
Principal Private Residence:
Personal Chattels:
Motor Vehicles:
Compensation:
Business Restructuring:
Important Note: This calculator provides estimates based on the Nigerian Tax Act. Tax laws are complex and subject to change. For official tax assessment, please consult with a qualified tax professional or the Nigeria Revenue Service (NRS).
