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Nigerian Business Tax Estimator

Estimate your total annual tax obligations as a Nigerian business — Company Income Tax (CIT), VAT payable, PAYE liability, and WHT exposure — all from one simple form.

CIT0% / 20% / 30%
VAT7.5% net
PAYE2026 bands
CIT +VAT+PAYE
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FAQs

Business tax questions answered

Does my Nigerian business pay Company Income Tax (CIT)?
Yes, if you are incorporated as a Limited Liability Company or PLC. Sole traders pay Personal Income Tax instead. Small companies with turnover under ₦25M pay 0% CIT. SMEs (₦25M–₦100M) pay 20%. Large companies pay 30% on taxable profits.
What is minimum tax, and does it apply to me?
Minimum tax is 1% of gross turnover, payable even if your company makes a loss or zero profit — if your CIT liability would be lower than 1% of turnover. Small companies (≤₦25M turnover) and companies in their first four years of incorporation are generally exempt.
When is the CIT filing deadline in Nigeria?
CIT returns are due within 6 months after your company's financial year-end. If your year ends December 31, your CIT return is due June 30 the following year. New companies file their first return within 18 months of incorporation.
Is VAT included in my CIT calculation?
No. VAT is a separate tax collected on behalf of FIRS — it goes straight through your business. Your CIT is calculated on your profit (revenue minus allowable expenses), not including VAT amounts you collected or paid.

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