A list of the major types of taxes and levies in Nigeria for companies and individuals. The classification is based on the amount payable to the following: State Internal Revenue Service (IRS) only Federal Inland Revenue Service (FIRS) only FIRS or the relevant State IRS Government agency

1. TAXES AND LEVIES
- NIGERIA
A list of the major types of taxes and levies

2. Outline
Classification based on the amount payable to:
State Internal Revenue Service (IRS) only
Federal Inland Revenue Service (FIRS) only
FIRS or the relevant State IRS
Government agency

3. Consumption
tax
5% of monthly sales
1
Business
Premises Levy
2
Development
Levy
₦100 per employee
per year
3
Payable to the State IRS only

4. FIRS only
Companies Income Tax
Hydrocarbon Tax
Tertiary Education Tax
Value Added Tax
Information Technology Levy
National Agency for Science
and Engineering Infrastructure
Levy
Police Trust Fund Levy

5. Either
FIRS or
State IRS
Withholding
Tax
Capital Gains
Tax
Personal
Income Tax
Stamp Duty

6. Government agency
Business permit
Business registration - Nigeria
Investment Promotion
Commission
Expatriate employment levy
Customs and excise duty
Industrial Training Fund
National Social Insurance
Trust Fund

7. Thank you
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2024