Company income tax calculator Nigeria
Under the Nigeria Tax Act, 2025, small companies pay no companies income tax. Other companies pay 30% of total profits and a development levy of 4%.
How it's calculated
- A small company has gross turnover of ₦100,000,000 or less a year and total fixed assets of no more than ₦250,000,000. Both conditions must be met.
- A small company pays tax at 0% and is outside the development levy.
- Any other company pays 30% of total profits, plus a development levy of 4% of assessable profits.
An example
A company with ₦250 million turnover and ₦40 million profit pays ₦12 million of companies income tax and ₦1.6 million of development levy.
Frequently asked questions
Will the 30% rate go down?
The Act allows the rate to fall to 25% from a date the President sets by order, on the advice of the National Economic Council.
Where does the development levy go?
It is shared among several funds. Half goes to the Tertiary Education Trust Fund.
Does a small company still file returns?
Paying 0% does not remove filing duties. Check the filing rules with the Nigeria Revenue Service.
Key terms
- Small company
- A business with turnover of ₦100,000,000 or less and fixed assets of ₦250,000,000 or less.
- Development levy
- A levy of 4% on assessable profits of companies that are not small.
Up-to-date official data
Data checked against the official source on .
We check the official sources automatically, every day.
See all sources