Does anyone know where i can find information about the business and income tax rates in Nigeria? Thanks.

i take it that we dont pay taxes in nigeria? no one ? hello any response?

I kind of have the same opinion.
Countries like the UK live solely on the task of the people, imagin paying 40% tax, na Govt u dey work for??

@ 50kobo,
I pay an income tax of 22% of my income to Asiwaju Bola Ahmed Tinubu (the BAT man). Based on my datbase of company results, banks pay ~15% of thier earnings as tax. For other companies, it seems to be all over the place.

A google search of "Nigeria Tax Rates" came up with this link that shows income tax rates are 30% but can be reduced to 20% for certain industries (Agric, manufacturing, ). Interesting! Also has info on VAT, dividend withholding tax and PPT.

http://www.nationsencyclopedia.com/Africa/Nigeria-TAXATION.html

50kobo, next time do your own homework and don't rely on efikos like me!

@ easimoni thanks for the info, i did my homework- although im not an efiko like you i couldnt understand the whole tax thing in nigeria, seems complicated, so many taxes and i was looking for somewhere i cud find a break down of all the taxes (both state and federal).

Taxes are complicated all over the world. Get a tax consultant.

here are  some links for Federal Inland Revenue and Ministry of Finance

http://www.fmf.gov.ng/detail.php?link=firscharter
http://www.firs.gov.ng/

do we actually pay income tax in Nigeria. if we do then why do most people only get their Tax Clearance Certificate only when they want to hold an important political position. Some1 pls correct here if i'm wrong!

@ adconline

thanks for the info. most useful info!

@  jenny2007,

Majority evade tax! The tax law is there but who cares!?!?!?? As long there is a "short cut" to it, trust my fellow country men. However, there are companies that can not "help it" like the multinantionals, they dare not or else they will get their as***s burnt. One can actually get one's clearance anytime if one has been paying taxes but with the nornal Naija little stress though.

@ FLT123,

Taxes are no rocket science! Those that handle it are not super humans; it is only that they are priviledged to have the related info and in Nija getting info is stressful.


@ adconline,

Great! I must confess that I tripped when I saw nija gov links u posted. I have not been there though, I hope the desired info are there.

@50 kobo
Taxation in Nigeria, #:-S thats serious man. Will that ever work?

NAija is a Tax free country, Hurray

i do think nigeria pay taxes because back in 80's and 90's without your parent tax clearance you will not be admitede to school or take a free education programe has things change