Business & Corporate Tax
Business Tax Calculator
CIT, Development Levy, and VAT — based on Nigeria Tax Act 2025
Good news for small businesses: Zero CIT if turnover ≤ ₦50 million
Under the Nigeria Tax Act 2025, companies with annual gross turnover of ₦50 million or less are fully exempt from Company Income Tax (CIT). This covers the vast majority of Nigerian SMEs. Professional/consultancy firms are excluded from this exemption.
Company Details
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Legal, accounting, financial advisory firms are excluded from SME exemption
5-year tax holiday for new agricultural businesses
Classification
Small Company
Turnover ≤ ₦50M qualifies for full CIT exemption under NTA 2025.
Your business pays zero CIT!
Small companies with annual turnover ≤ ₦50 million are exempt from CIT under the Nigeria Tax Act 2025.
Net Profit After Tax: ₦8,000,000