Floray Professionals
Talk to us

Floray Toolkit · Calculator

Company Tax Estimator

Check whether you count as a small company and estimate income tax and development levy.

Nigeria Tax Act 2025, in force from 1 January 2026

Your company
₦

Gross sales for the year. An example is filled in. Type your own figure.

₦

Land, buildings, plant, vehicles and equipment, at the value in your accounts.

Is it a professional services firm?

Accountants, lawyers, consultants and similar firms cannot use the small company relief.

Your profit
₦

Profit after allowable expenses. If you only know your accounting profit, use that for a rough figure.

What if

Watch for the moment you cross the ₦100 million line and the exemption disappears.

Scenarios

The small company test

Under the Nigeria Tax Act 2025 a small company is one with gross turnover of ₦100 million or less and total fixed assets of ₦250 million or less. Professional services firms are excluded whatever their size. A small company is exempt from company income tax, capital gains tax and the development levy.

Everyone else

Companies that are not small pay income tax at 30% of assessable profit. On top of that sits a 4% development levy, which replaces the tertiary education tax, the IT levy, the NASENI levy and the police trust fund levy. That makes 34% of assessable profit before any reliefs.

What this estimate leaves out

Real assessable profit depends on capital allowances, disallowed expenses, losses brought forward and sector rules, and the largest groups face a 15% minimum effective tax rate. Those are the places where planning changes the bill. Talk to our tax team before you file.

Related tools

WhatsApp