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Nigeria — Orbitax Corporate Tax Rates


  • Statutory Tax Rate30
  • Surtax Based on Taxable Income0
  • Surtax Based on Statutory Tax0
  • Surtax Deductible from Taxable Income0
  • Statutory Tax Deductable0
  • Effective Tax Rate30

Statutory Tax Rate

Effective 1 January 2020, a new corporate income tax rate regime is introduced which includes an exemption for small businesses with turnover below NGN 25 million, a reduced tax rate of 20% for medium- sized businesses with turnover between NGN 25 and 100 million and a standard corporate tax rate of 30% for large businesses with a turnover of NGN 100 million or more (previously, standard tax rate of 30% was applicable).