Nigeria Company Income Tax Calculator 2026 (CIT and Development Levy)
Calculate companies income tax in Nigeria for 2026: 0% for small companies, 30% for others, plus the 4% development levy of the Nigeria Tax Act 2025.
Assessable profit is the tax-adjusted profit after allowable expenses and capital allowances. Other taxes such as VAT and withholding tax are not included.
What it does
Under the Nigeria Tax Act 2025, in force from 1 January 2026, a small company pays 0% companies income tax and every other company 30% of its total profits. Companies that are not small also pay a development levy of 4% of assessable profits, which replaced the tertiary education tax and other levies.
How to use it
- Type the gross turnover and the fixed assets of the company.
- Type the assessable profit for the year.
- Read the companies income tax, the development levy and the profit after tax.
The arithmetic runs in your browser. Nothing you type is sent anywhere and nothing is stored, so you can use these with real numbers.
Frequently asked questions
How much tax does a company with ₦80 million of profit pay?
If its turnover is above ₦100 million or its fixed assets above ₦250 million, it pays companies income tax of 30% (₦24,000,000) and the development levy of 4% (₦3,200,000): ₦27,200,000, or 34% of the profit.
What is a small company?
Under the Nigeria Tax Act 2025, a business with gross turnover of ₦100,000,000 or less a year and total fixed assets of no more than ₦250,000,000. It pays 0% companies income tax and no development levy.
Will the rate fall to 25%?
The Act allows the 30% rate to be cut to 25% from a date set by a presidential order on the advice of the National Economic Council. Until such an order is issued, 30% applies.
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