Rate reference
Every band, threshold and date — 2026 beside 2025, each stamped with the section it comes from.
These pages are where the calculators get their numbers. Nothing here is typed into a page: every figure is read from the single configuration keyed by tax year, which is the same source the engines compute from. If a figure on this page is wrong, the calculator is wrong too — and a changelog entry will record the correction with its statutory reference.
Last verified 15 January 2026.
Rate pages by tax type
- Personal income tax0% on the first ₦800,000The PAYE bands, rent relief, the abolished CRA, exemptions and statutory deductions.
- Companies income tax30% above ₦50,000,000 turnoverSmall-company thresholds, the 30% rate, the development levy, the minimum ETR and deduction caps.
- Value added tax7.5%, unchangedThe rate, the registration threshold, and the full zero-rated and exempt schedules.
- Withholding tax22 payment typesThe full matrix by payment, entity and residency — with which deductions are final tax.
- Capital gains tax30% for companiesCompany and individual rates, the two-limb share exemption, digital assets.
- Capital allowances10% · 20% · 25%The three asset classes, the abolished initial allowance, and TWDV.
- Penalties, interest and deadlines₦100,000 first monthWhat being late costs, the MPR-based interest, and every remittance date.
The three things people get wrong
- “The small-company threshold is ₦100,000,000.”
- For VAT, yes. For income tax it is ₦50,000,000. Both are gazetted, in different Acts. A company at ₦75,000,000 of turnover is VAT-exempt and pays 30% companies income tax. See CIT and the guide.
- “VAT went up in the reform.”
- It did not. The rate is 7.5%, the same as 2025. What changed is that input VAT recovery broadened to services, overheads and capital expenditure — worth more to most businesses than a rate cut would have been. See VAT.
- “Withholding tax is always a credit against my bill.”
- Often it is a final tax — including on consultancy and professional fees paid to residents. Credit those and you pay tax on the same income twice. See WHT.
Where these rates come from
- Nigeria Tax Act 2025, Fourth Schedule — verified 15 January 2026The first ₦800,000 of chargeable income is taxed at 0% — a zero band, not an allowance.
- Nigeria Tax Act 2025, s.202 (small company definition) · Part III (rates) — verified 15 January 2026CONFLICT SMALL_CO_THRESHOLD: NTA s.202 sets ₦50m for income tax; NTAA s.147 sets ₦100m for VAT. Both apply, to different taxes.
- Nigeria Tax Act 2025, VAT provisions · Nigeria Tax Administration Act 2025 s.147 (small business) — verified 15 January 2026The rate stays at 7.5%. From 2026 input VAT recovery broadens to services, overheads, fixed assets and capital expenditure — these were not recoverable before. CONFLICT SMALL_CO_THRESHOLD applies to the ₦100m cap.
- Deduction of Tax at Source (Withholding) Regulations 2024, Schedule — verified 15 January 2026Rates transcribed from the 2024 Regulations schedule. The final-tax treatment of resident professional and consultancy fees follows the research report and should be confirmed against the gazette and any NRS guidance before relying on it.
- Nigeria Tax Act 2025, capital gains provisions — verified 15 January 2026From 2026 companies pay CGT at the 30% CIT rate (up from 10%) and individuals are taxed at their PIT band rates rather than a flat 10%. Share exemption requires BOTH limbs: 12-month proceeds under ₦150m AND gains at or under ₦10m.
- Nigeria Tax Act 2025, capital allowances schedule — verified 15 January 2026From 2026 capital allowances are straight-line by class with no initial allowance. An asset on which VAT or import duty was not paid is not claimable at all. 1% of cost is retained notionally until disposal.
- Nigeria Tax Administration Act 2025, penalty and interest provisions — verified 15 January 2026Interest runs at MPR plus a spread that awaits NRS guidance. With the spread defaulted to 0, the interest figure is a floor.
A rate on its own does not tell you your position. Read the disclaimer, and confirm anything load-bearing against the gazette before acting on it. Terms you do not recognise are in the glossary.