Free tax tool
How much income tax do you owe?
For business-name owners, freelancers and sole traders. Enter your yearly profit and see your tax band by band under the 2026 rules.
| Band | Rate | Tax |
|---|---|---|
| ₦800,000 | 0% | ₦0 |
| ₦2,200,000 | 15% | ₦330,000 |
| ₦3,000,000 | 18% | ₦540,000 |
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Who pays personal income tax?
A registered business name is not a company. If you run one, you pay personal income tax on your profit to your state revenue service. Limited companies pay company tax instead. Check yours with the small company checker.
The 2026 bands
- ₦0 to ₦800,000: 0%
- ₦800,000 to ₦3,000,000: 15%
- ₦3,000,000 to ₦12,000,000: 18%
- ₦12,000,000 to ₦25,000,000: 21%
- ₦25,000,000 to ₦50,000,000: 23%
- Above ₦50,000,000: 25%
Rent relief takes 20% of the rent you pay off your taxable income, up to ₦500,000. Self-assessment is due by 31 March.
Based on the Nigeria Tax Act 2025, effective 1 January 2026. Confirm with your tax adviser before filing.
Your next VAT return is due on the 21st.
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