CivicTaxIn force
Nigeria Tax Act, 2025
Act No. 7 of 2025Signed 26 June 2025Explainer: draft
The Nigeria Tax Act brings major federal tax rules together. Under the National Assembly edition used here, the first ₦800,000 of annual chargeable individual income is taxed at 0%. Qualifying small companies pay 0% company income tax; other companies generally pay 30%. A separate 4% development levy has exceptions. VAT exemptions and zero-rating apply to specified supplies.
Rights & opportunities
10 explained- Your first ₦800,000 of chargeable income is taxed at 0%
- No income tax on the national minimum wage
- Rent relief of up to ₦500,000