Company Income Tax (CIT) Calculator 2025
Calculate your company's income tax based on the Nigeria Tax Act 2025 (Section 56). Small companies (turnover ≤ ₦50M, assets ≤ ₦250M) enjoy 0% tax rate. Other companies pay 30% tax plus 4% development levy.
Company Financial Information
Tax Rates 2025
- • Turnover ≤ ₦50,000,000
- • Fixed Assets ≤ ₦250,000,000
- • Not a professional services firm
- • All other companies
- • Plus 4% development levy
- • Minimum tax: 0.5% of turnover
- • Buildings: 10% capital allowance
- • Plant & Machinery: 20%
- • Furniture & Fittings: 20%
- • Motor Vehicles: 25%
- • Loss carry-forward (unlimited)
- • Approved donations (max 10%)
- • Expense optimization insights
- • Small company eligibility check
- • Capital allowance recommendations
- • Profit margin analysis
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Fill in your company's financial information on the left to calculate your CIT liability. Our AI will provide personalized tax-saving insights.
📚 Tax Act References
Section 56: Tax Rates
Tax shall be levied for each year of assessment in respect of total profits of every company: (1) Small company at 0%, and (2) Any other company at 30%.
Section 59: Development Levy
A development levy of 4% is imposed on assessable profits of all companies (except small companies). Distributed to education, technology, defense, and infrastructure funds.
Section 202: Small Company Definition
Small company: Gross turnover ≤ ₦50M with total fixed assets ≤ ₦250M. Professional services companies cannot be classified as small companies.
First Schedule: Capital Allowances
Annual allowances on qualifying capital expenditure reduce taxable profits. Rates vary by asset type (10-25% per annum).