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Dataset · January 2026
Nigeria Tax Act 2025: key rates and thresholds
Personal income tax relief, company income tax, the development levy and VAT under the tax laws effective 1 January 2026.
About this dataset
The data
7 rows
| Personal income tax exemption | ₦800,000 | Annual income at or below this pays no income tax |
| Top personal income tax rate | 25% | On income above ₦50 million |
| Rent relief | 20% | Capped at ₦500,000 a year |
| Small company income tax | 0% | Turnover up to ₦100m and assets up to ₦250m; professional services excluded |
| Company income tax (other companies) | 30% | |
| Development levy | 4% | On assessable profits; small companies exempt |
| VAT | 7.5% | Basic food, education materials, and medical services and equipment zero-rated |
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