Interactive guide based on the Nigeria Tax Act 2025 reforms
Step 1: Taxpayer Type
Select whether you are calculating taxes for an individual or a company. The tool will adjust questions and rules automatically.
Company Information
Small companies (turnover ≤ NGN 100m and assets ≤ NGN 250m) are exempt from CIT, except consulting/professional firms.
Note:
Assessable Profit cannot exceed Turnover
Taxable Profit cannot exceed Assessable Profit
All monetary fields accept Naira and Kobo (max 2 decimal places, e.g., 25,500,000.50)
Assessable profit is your adjusted accounting profit after tax add-backs and allowable deductions.
Taxable profit is assessable profit minus capital allowances and loss relief. CIT is applied to this figure.
Personal Income
Tax-Deductible Contributions:
Rent relief = 20% of rent paid, capped at NGN 500,000
NHF (National Housing Fund) = 2.5% of income
Pension = Default 8% of income, or specify your own amount/percentage
NHIS (National Health Insurance Scheme) = Fully deductible
Life Insurance / Mortgage = Fully deductible
Note:
If you select "No Pension", the "With Statutory Deductions" column will still show the default 8% for comparison
If you specify an amount, it cannot exceed your monthly salary
Percentage cannot exceed 100%
All fields accept Naira and Kobo (max 2 decimal places, e.g., 309,999.94)
Step 3: Tax Report
Total Tool Visits:
This tool is a quick educational guide and does not replace professional tax advice. For formal compliance, consult a qualified accountant or tax consultant.