Nigeria public holidays 2026, VAT rate and tax data
Nigeria: VAT rate 7.5% since 1 Feb 2020; 13 public holidays in 2026 (next: Christmas Day, 25 Dec 2026); corporate tax rate 30%; minimum wage 70000 NGN/month; policy interest rate 23%; inflation rate (CPI) 14.63%.
13 series, each cited to the official source it was verified against; most recently verified 29 Oct 2026. Currency NGN.
verified recentlyre-verification due soonstaleColour is the age of the last check against the series' own update cycle.
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{ "country": "NG", "series": "vat", "value": 7.5, "unit": "percent", "effective_from": "2020-02-01", "last_confirmed": "2026-07-14", "source": { "name": "Nigeria Tax Act 2025 (Act No. 7), Section 148", "url": "https://www.nrs.gov.ng/uploads/NIGERIA_TAX_ACT_2025_ef6bb812a5.pdf" } }
Excerpt, from the same data as this page. This endpoint is $0.003 a call by x402 or MPP, no signup. With a free key, try POST /v1/answers/vat {"country":"ng","amount":1000}.
Nigeria public holidays 2026
13 days in 2026; next: Christmas Day on 25 Dec 2026. Official source: Federal Ministry of Interior · last verified 14 Sep 2026
Fixed by law 6 Confirmed 7
| Date | Holiday | Status | Source |
|---|---|---|---|
| 1 Jan 2026 Thu | New Year's Day | Fixed by law | Federal Ministry of Interior |
| 19 Mar 2026 Thu | Eid-ul-Fitr | Confirmed | Federal Ministry of Interior |
| 20 Mar 2026 Fri | Eid-ul-Fitr (Day 2) | Confirmed | Federal Ministry of Interior |
| 3 Apr 2026 Fri | Good Friday | Fixed by law | Federal Ministry of Interior |
| 6 Apr 2026 Mon | Easter Monday | Fixed by law | Federal Ministry of Interior |
| 1 May 2026 Fri | Workers' Day | Fixed by law | Federal Ministry of Interior |
| 27 May 2026 Wed | Eid-ul-Adha (Eid-el-Kabir) | Confirmed | Federal Ministry of Interior |
| 28 May 2026 Thu | Eid-ul-Adha (Eid-el-Kabir, Day 2) | Confirmed | Federal Ministry of Interior |
| 12 Jun 2026 Fri | Democracy Day | Confirmed | Federal Ministry of Interior |
| 25 Aug 2026 Tue | Eid-el-Maulud | Confirmed | Federal Ministry of Interior |
| 1 Oct 2026 Thu | Independence Day | Confirmed | Federal Ministry of Interior |
| 25 Dec 2026 Fri | Christmas Day | Fixed by law | Federal Ministry of Interior |
| 26 Dec 2026 Sat | Boxing Day | Fixed by law | Federal Ministry of Interior |
Status is read from the record: fixed by law follows from a standing rule (a fixed date or the Easter computus); confirmed is dated in the cited official calendar and not flagged provisional; estimated is provisional or moon-sighting dependent; substitute stands in for a statutory day that fell on a weekend or was moved. Hover a status for the reason.
Every current Nigeria value
Rate schedules and breakdowns
VAT standard rate
7.5 percent · in force from 2020-02-01 · Official source: Nigeria Tax Act 2025 (Act No. 7), Section 148 · last verified 14 Jul 2026
Other statutory rates
| band | rate | applies to | Source |
|---|---|---|---|
| zero | 0 | Zero-rated supplies under the Nigeria Tax Act 2025 (in force 1 January 2026): basic food items forming the staple diet (unprocessed agricultural produce, fresh fruit and vegetables, tubers, raw grains, potable water); medical and pharmaceutical products, medical services and equipment; educational books and materials; electricity generation and transmission; agricultural inputs and produce; electric vehicles, their parts and semi-knocked-down parts; and exports other than oil and gas. | Nigeria Tax Act 2025 (Act No. 7)… |
| ZERO-RATED IS NOT EXEMPT. These supplies are taxable at 0% and the supplier recovers input VAT. The Act's separate EXEMPT class (which from 1 January 2026 includes oil and gas exports, assistive and disability-related products, residential rent, public transport fares, and… | |||
Withholding tax rates
10–15% across 5 withholding taxes — no single rate · in force from 2025-01-01 · Official source: Deduction of Tax at Source (Withholding) Regulations 2024, Federal Republic of… · last verified 12 Aug 2026 secondary
Rates by payment type
| key | label | rate | applies to | effective from | Source |
|---|---|---|---|---|---|
| dividends | Dividends | 10 | dividends paid to non-resident recipients, corporate or non-corporate; final tax per reg. 4(3) absent a Nigerian taxable presence | 2025-01-01 | Deduction of Tax at Source… |
| The Regulations retained the pre-existing CITA s.80/PITA s.71 rate of 10%. Dividends received after deduction are franked investment income, not charged to further tax. | |||||
| interest | Interest | 10 | interest paid to non-resident recipients, corporate or non-corporate; final tax per reg. 4(3) absent a Nigerian taxable presence | 2025-01-01 | Deduction of Tax at Source… |
| The Regulations retained the pre-existing CITA s.78/PITA s.70 rate of 10%. Interest paid to a Nigerian bank by direct debit of funds domiciled with that bank is exempt from deduction. | |||||
| royalties | Royalties | 10 | royalties paid to non-resident CORPORATE recipients; non-resident non-corporate (individual) recipients suffer 5% | 2025-01-01 | Deduction of Tax at Source… |
| TWO RATES BY RECIPIENT CLASS: 10% for companies, 5% for individuals/unincorporated recipients. The 10% corporate figure is served as the headline because cross-border royalty payments overwhelmingly go to companies. Final tax for non-residents per reg. 4(3). | |||||
| services-professional | Commission, consultancy, technical, management and professional fees | 10 | commission, consultancy, technical, management and professional fees (including brokerage at 10% for non-residents) paid to non-resident recipients, corporate or non-corporate | 2025-01-01 | Deduction of Tax at Source… |
| WHT deducted from a non-resident company providing technical, professional, management or consultancy (TPMC) services is its final Nigerian tax (significant-economic-presence framework). Services OTHER than those specifically listed in the Schedule carry 5% for non-residents… | |||||
| entertainers-sportspersons | Entertainers and sportspersons | 15 | amounts earned in Nigeria by non-resident persons from entertainment and sport | 2025-01-01 | Deduction of Tax at Source… |
| A new head introduced by the 2024 Regulations; applies only to non-residents. Directors' fees paid to non-resident individuals carry 20% under the Schedule (15% for residents). | |||||
Personal income tax brackets
0–25% across 6 bands · in force from 2026-01-01 · Official source: Nigeria Tax Act 2025 (Act No. 7), Fourth Schedule · last verified 17 Jul 2026
| min | max | rate |
|---|---|---|
| 0 | 800000 | 0 |
| 800000 | 3000000 | 15 |
| 3000000 | 12000000 | 18 |
| 12000000 | 25000000 | 21 |
| 25000000 | 50000000 | 23 |
| 50000000 | — | 25 |
CBN official exchange rate (NFEM volume-weighted average)
1346.9108 USD; 1 currencies held · in force from 2026-10-29 · Official source: Central Bank of Nigeria · last verified 29 Oct 2026
| currency | rate |
|---|---|
| USD | 1346.9108 |
Statutory payroll contributions (employee)
2.5–8% across 3 contribution branches · in force from 2025-01-01 · Official source: Pension Reform Act 2014 s.4(1) (employee 8% of Basic+Housing+Transport)… · last verified 30 Jul 2026
| key | label | rate | unit | base | employer rate | paye deductible | instrument |
|---|---|---|---|---|---|---|---|
| pension | Contributory Pension Scheme — employee contribution | 8 | percent | Basic + Housing + Transport (BHT) | 10 | true | Pension Reform Act 2014 s.4(1); deductible under Nigeria Tax Act 2025 s.30(2)(a)(iii) |
| nhf | National Housing Fund | 2.5 | percent | Basic salary | — | true | National Housing Fund Act |
| nhis | National Health Insurance — employee premium | — | scheme-dependent | Set by scheme; not a single statutory percentage | — | true | National Health Insurance Authority Act 2022 |
Tax filing deadlines
2 deadline rules · in force from — · Official source: 2 rules, each cited to its own official source; series-level citation is the… · last verified 29 Oct 2026
| key | tax | obligation | label | frequency | applies to | confidence | last confirmed | Source |
|---|---|---|---|---|---|---|---|---|
| paye-remittance-monthly | paye | payment | PAYE remittance — monthly | monthly | All employers deducting tax from employees' salaries (source: Lagos State Internal Revenue Service) | primary | 2026-10-29 | Lagos State Internal Revenue Service |
| PAYE in Nigeria is remitted to the State Internal Revenue Service of the employee's state of residence (NRS for specified federal cases). The source is the Lagos State authority; the same FAQ frames these obligations under the Nigeria Tax Administration Act 2025. The national… | ||||||||
| paye-annual-employer-return | paye | return | Employer's annual return of emoluments (Form H1) | annual | Employers of labour, for all employees employed in the preceding year | primary | 2026-10-29 | Lagos State Internal Revenue Service |
| 31 January following the calendar year of employment. | ||||||||
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Compare each figure with the other African countries: Policy interest rate · Statutory interest rate · VAT rate · VAT registration threshold · Minimum wage · Public holidays · Inflation rate (CPI) · Corporate tax rate · Withholding tax rates · Income tax rates · Official exchange rates · Social contributions · Tax filing deadlines
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