Nigeria Personal Income Tax rate for 2017, 2018. Capital gain, Corporate TaxNigeria Personal Income Tax Rate  for 2017-2018. Capital Gain Tax and Corporate / Companies tax Rates for Residents and Non Residents

 

 

Nigeria Personal Income Tax Rate for 2017-2018

Annual Income (NGN) Tax Rate
0 to 300,000 7%
300,001 to 600,000 11%
600,001 to 1,100,000 15%
1,100,001 to 1,600,000 19%
1,600,001 to 3,200,000 21%
Over 3,200,000 24%

 

Capital Gain Tax in Nigeria

- 10% is the Capital Gain Tax Rate in Nigeria

 

Nigeria Withholding Tax Rate for 2017-2018

Type of Payment Individuals Companies
Rent, Interest and Dividend 10% 10%
Directors Fees 10% NA
Hiring of Equipments 10% 10%
Royalties 5% 10%
Commission, Consultancy, Technical Services Fees 5% 10%
Management Fees 5% 10%
Construction / building (excluding survey, design and deliveries) 5% 10%
Contracts other than sales in the ordinary course of business 5% 10%

 

 

Corporate / Company Income Tax Rate in Nigeria for 2017-2018

Taxable Income and Description Tax Rate
Standard income tax rate on corporations 30%
Manufacturing or agricultural production companies and wholly exports with turnover less than MGN 1 Million 20%

 

Tweet

About Us | Privacy Policy | Disclaimer | Sitemap