Nigeria Tax Calculator
Top income tax rate: 24% • Corporate: 30% • VAT: 7.5%
Income Tax Calculator
Total Tax
₦7K
Take-Home Pay
₦93K
Effective Rate
7%
Marginal Rate
7%
Bracket Breakdown
| Bracket | Rate | Taxable | Tax |
|---|---|---|---|
| ₦0 – ₦300K | 7% | ₦100K | ₦7K |
This calculator provides estimates based on Nigeria's standard income tax brackets. Actual tax liability may vary based on deductions, credits, filing status, and other factors. Consult a tax professional for advice.
Crypto Tax Calculator
Capital Gain/Loss
₦15K
Tax Rate
10%
short-term
Tax Owed
₦2K
Net Profit
₦14K
Tax Treatment in Nigeria
Nigeria taxes gains from cryptocurrency disposal at the 10% capital gains tax rate. Income from crypto mining or trading as a business is subject to income tax at applicable rates. The Central Bank of Nigeria has restricted banks from facilitating crypto transactions, but the Securities and Exchange Commission regulates digital assets. Crypto-to-crypto transactions and exchanges for fiat currency are taxable events.
This calculator provides estimates for Nigeria. Actual crypto tax may vary depending on your specific circumstances, additional income, and applicable exemptions. Consult a tax professional.