Nigeria Company Income Tax (CIT) Calculator

Calculate Nigerian Company Income Tax and the Development Levy under the Nigeria Tax Act 2025 from your turnover and allowable expenses.

CIT rates

• 0% for small companies: turnover ≤ ₦50,000,000 and fixed assets ≤ ₦250,000,000, excluding professional-services firms. These are also exempt from the Development Levy.
• 30% for other companies, reducible to 25% by executive order.
• Development Levy: 4%, replacing the former Tertiary Education Tax.
• Minimum tax: 0.5% of turnover for large companies.

When CIT is due

File and pay within 6 months of your accounting year-end, to the Nigeria Revenue Service (NRS).