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.
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%
- 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
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.
Sources (1)
Frequently asked
What is the income tax rate in Nigeria?
The top marginal personal income tax rate in Nigeria is 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.
What is the corporate tax rate in Nigeria?
The headline corporate income tax rate is 30%.
Does Nigeria tax capital gains?
Capital gains for individuals: Taxed as personal income (top 25%) from 2026. Previously a 10% flat CGT..