Africa
Nigeria: tax at a glance
Africa's most populous economy. A new Nigeria Tax Act took effect 1 Jan 2026, exempting low earners, harmonising rates and keeping a 30% company tax and 7.5% VAT.
Worldwide (residence-based)
Last verified
Ways to relocate to Nigeria
The residency and citizenship routes that lead here, weighed against the tax picture above.
The taxes
- Personal income (top)
- 25%Progressive (0–25%) under the Nigeria Tax Act 2025. The top 25% band applies above NGN 50m, and the first NGN 800k is exempt.
- Corporate income
- 30%
- Capital gains
- Taxed as personal income (top 25%) from 2026. Previously a 10% flat CGT.
- VAT
- 7.5%
- Dividends (WHT)
- 10%
- Interest (WHT)
- 10%
- Royalties (WHT)
- 10%
- Social security (employee)
- 8% (pension)
- Social security (employer)
- 10% (pension)
- Wealth tax
- None
- Inheritance / estate
- None. There is no federal estate or inheritance tax.
- Property tax
- State-level only, such as Lagos's Land Use Charge. No federal property tax.
- Other
- National Housing Fund 2.5% (employee), plus a 4% development levy on company profits.
How the system works
- Tax system
- Worldwide (residence-based)
- Foreign income
- Taxed (worldwide)
- Taxes by citizenship
- No
- Exit tax
- No
- CFC rules
- No
- CRS
- Participating
A special regime for new arrivals
There is no special regime. In 2026 the residency net widened to include anyone with substantial economic ties or immediate family ties in Nigeria, regardless of how many days they actually spend in the country.
The rates below are indicative headline figures (top marginal, standard, and headline rates), reviewed 2026-07. Brackets, surcharges, and state, provincial or cantonal taxes vary. Treat this as a reference map, not advice.