Nigeria

Paying Taxes in

Nigeria

Listed below is a detailed summary of the taxes and mandatory contributions that a medium-size company must pay or withhold in a given year, as well as measures of administrative burden in paying taxes.

The information appearing on this page was collected as part of the Doing Business project, which measures and compares regulations relevant to the life cycle of a small- to medium-sized domestic business in 183 economies. The most recent round of data collection for the project was completed in December 2010.

About This Topic

To see indicator data for all economies, see the Paying Taxes page. To see how economies rank, see the Rankings page.

Tax or mandatory contribution Payments (number) Notes on Payments Time (hours) Statutory tax rate Tax base Total tax rate (% profit) Notes on TTR
Corporate income tax 1 398 30.0% taxable profits 20.5
Social Security Contributions 12 378 7.5% gross salaries 8.5
Education Tax 1 2.0% taxable profits 1.4
Training Tax 1 1.0% gross salaries 1.1
Capital gains tax 1 10.0% capital gains 0.5
Tax on interest 0 10.0% interest income 0.3 not included
Road license 1 fixed fee (NGN 5,000) type of vehicle 0.2
Tenement Tax 1 0.1% property value 0.2
Tax on check transactions (irrecoverable VAT) 0 5.0% 5/1000 of value of check 0.2
Infrastructure Development Tax 1 fixed fee (NGN 100) per employee 0.1
State business tax 1 fixed fee (NGN 5,000) 0.1
Fuel tax 1 included in fuel price 0
Stamp duty on contracts 1 nominal, contract sum or property value
Value added tax (VAT) 12 162 5.0% value added, land sale, and check transactions not included
Advertising tax 1 various rates small amount
Totals: 35 938 32.7
Explore Economy Data