Every rate you need in one page. PAYE, CIT, VAT, WHT, and more. All updated for the Nigeria Tax Act 2026.
Progressive bands applied to annual taxable income after deductions (CRA, pension, NHF).
| Annual Taxable Income | Tax Rate | Max Tax on Band |
|---|---|---|
| First NGN 800,000 | 0% | NGN 0 |
| Next NGN 2,200,000 | 15% | NGN 330,000 |
| Next NGN 9,000,000 | 18% | NGN 1,620,000 |
| Next NGN 13,000,000 | 21% | NGN 2,730,000 |
| Next NGN 25,000,000 | 23% | NGN 5,750,000 |
| Above NGN 50,000,000 | 25% | No cap |
| Annual Turnover | CIT Rate |
|---|---|
| NGN 50 million or less | 0% |
| NGN 50M — NGN 100M | 20% |
| Above NGN 100 million | 30% |
Value Added Tax on goods and services
Withholding Tax deducted at source on payments
Withholding Tax on individuals for services
On disposal of assets (NTA 2026 rate)
On assessable profit of companies
On assessable profit (turnover above NGN 100M)
Of basic salary, housing, and transport
Of basic salary, housing, and transport
National Housing Fund on basic salary
On assessable profit (turnover above NGN 100M)
For a monthly gross salary of NGN 500,000:
| Item | Amount | Notes |
|---|---|---|
| Gross Salary | NGN 500,000 | Before any deductions |
| Pension (8%) | -NGN 20,000 | Of basic + housing + transport |
| NHF (2.5%) | -NGN 6,250 | Of basic salary |
| CRA | NGN 300,000 relief | Reduces taxable income |
| PAYE Tax | -NGN 43,563 | Based on tax bands |
| Net Take-Home | NGN 430,187 | Your actual salary |