Africa
Currency
NGN
Corporate Tax
30%
Personal Income Tax
24%
VAT / GST
7.5%
Standard rate; 20% for small companies (turnover under NGN 25m).
PAYE top rate 24% (incl. 1% NASC); minimum tax 1% of turnover.
Increased from 5% to 7.5% on 1 February 2020.
Dividends
10%
Interest
10%
Royalties
10%
Rates shown are statutory; treaty networks may reduce withholding significantly. Verify against the relevant double-tax agreement.
Pension 18% (employer 10% + employee 8%); NHF 2.5% employee; NSITF 1% employer.
Capital Gains Tax
10%
Inheritance / Estate Tax
0%
Capital (Net Worth) Tax
0%
Property Tax
Land use charge 0.076–0.76% (Lagos; varies by state)
Rates are indicative headline figures and may omit holding-period exemptions, regional variation, and surcharges. Verify against current law before relying on them.
Treaties in force
~20
Key partners: UK, South Africa, Netherlands, France, Canada, China
Limited but growing network; withholding often reduced to 7.5%–12.5%. No treaty with the USA.
Treaty counts are approximate and change as agreements are signed, ratified, or terminated. Verify the status and withholding rates under the specific treaty before relying on them.
Calendar year
Notes
Tertiary Education Tax 2% of assessable profit. Digital Economy tax rules apply.
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