Country tax profile · 2026
Nigeria corporate tax
How Nigeria taxes corporate
The standard corporate profits tax in Nigeria is 30%. Nigeria Tax Act 2025, effective 1 January 2026: PIT top band now 25% (up from prior 24%) with an expanded 0% band up to NGN 800,000; the old 1% minimum tax was removed. CIT 30% for large companies (may drop to 25% by presidential order), 0% for small companies (turnover <= NGN 100m and fixed assets <= NGN 250m). New 15% minimum effective tax rate for very large/MNE groups. Upstream oil & gas up to 60%.
Compiled by MyNomadWorld for Nigeria and currently being re-verified against primary sources. Confirm with a local adviser before relying on it.
How Nigeria's corporate tax compares
Nigeria's corporate tax of 30% is the 11th highest of the 180 countries we track, against a global average of 21.2% and a Africa average of 26.9%.
Countries with a similar corporate tax
Benin (30%) · Burundi (30%) · Central African Republic (30%) · DR Congo (30%) · Gabon (30%) · Mali (30%)
Who is a tax resident of Nigeria?
Resident if any of: domicile in Nigeria, permanent home available, habitual abode, 183+ days in any 12-month period, substantial economic/family ties, or Nigerian diplomat abroad. Residents taxed on worldwide income.
Related Nigeria taxes
Moving to Nigeria?
Get matched with a vetted Nigeria tax & immigration advisor who handles residency and the exit from your current country.
See advisors →Nigeria corporate tax FAQ
What is the corporate tax rate in Nigeria?
The standard corporate profits tax in Nigeria is 30%. Nigeria Tax Act 2025, effective 1 January 2026: PIT top band now 25% (up from prior 24%) with an expanded 0% band up to NGN 800,000; the old 1% minimum tax was removed. CIT 30% for large companies (may drop to 25% by presidential order), 0% for s