Nigeria corporate tax rate
Standard/headline corporate income tax rate on resident company profits, from the national revenue authority or tax statute.
| Current value | 30 percent |
|---|---|
| In force from | 2026-01-01 |
| Official source | Nigeria Tax Act 2025 (Act No. 7), companies income tax — Nigeria Revenue Service |
| Last verified | 2026-07-17 |
| Verification | primary — No verification limitation recorded — read from the official source cited. |
| Provenance | source fingerprint |
What this value means
Assessed on the company's accounting/tax year. From 2026-01-01 companies income tax is imposed under the Nigeria Tax Act 2025 (repealing the Companies Income Tax Act), administered by the Nigeria Revenue Service (formerly FIRS). The 30% headline rate applies to companies 'other than small'; the Act carries a provision to reduce it to 25% by a future presidential order on the advice of the National Economic Council — NOT yet in force as of 2026-07-17. SMALL COMPANIES (gross turnover <= NGN 50,000,000 and total fixed assets <= NGN 250,000,000, excluding professional-services firms) are taxed at 0% and exempt from capital gains tax and the development levy — CONTEXT; the value here is the standard large-company rate. Separately the old Tertiary Education Tax (was 3% of assessable profit) and several other levies are consolidated into a new 4%-of-assessable-profit DEVELOPMENT LEVY, and a 15% minimum effective tax rate applies to companies with turnover >= NGN 50bn or in-scope multinational groups. (The NGN 100m turnover figure sometimes quoted is the separate VAT small-business threshold under the Nigeria Tax Administration Act, not the CIT one.) Rate/definition read from EY 'Nigeria Tax Act 2025 highlights' and PwC Worldwide Tax Summaries (reviewed 29 May 2026); the NTA 2025 gazette PDF exceeds automated fetch limits so is cited as legal basis.
Get it programmatically
curl https://afriref.dev/v1/ng/corporate-tax
# $0.001 per call — x402 on Base (USDC). No key, no signup.
# History: curl https://afriref.dev/v1/ng/corporate-tax/history?from=2020-01-01
# Provenance: curl https://afriref.dev/provenance/ng/corporate-taxOther Nigeria series: policy interest rate · VAT rate · minimum wage · public holidays · inflation rate (CPI) · income tax rates · official exchange rates · social contributions