TaxC for Teams
Business Tax Suite
Company income tax, payroll PAYE, and an AI business advisor, all in one place.
Company Details
Professional service firms don't qualify for the small-company exemption, regardless of turnover.
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Enter figures and press Calculate Tax
Assessable Profit
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Taxable Profit
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CIT
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Development Levy
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Small companies (companies with an annual turnover ≤ ₦100m, and fixed assets ≤ ₦250m) pay 0% CIT and are also exempt from the 4% Development Levy, except professional services firms, which pay the standard rate regardless of size. All others pay 30% CIT (reducible to 25% by Presidential Order) plus a 4% Development Levy on assessable profit.
A separate 15% minimum effective tax rate applies only to companies with turnover above ₦50bn or multinational groups above €750m, not relevant for most SMEs, shown here for completeness.
A separate 15% minimum effective tax rate applies only to companies with turnover above ₦50bn or multinational groups above €750m, not relevant for most SMEs, shown here for completeness.
Employees
Name
Gross Salary (₦/mo)
Pension/NHF (₦/mo)
PAYE
Employees
0
Monthly Payroll Cost
₦0
Monthly PAYE
₦0
Annual Obligation Summary
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Company Income Tax
Tax on your company’s taxable profit after capital allowances. 0% for small companies.
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Development Levy
4% of assessable profit. Small companies are fully exempt.
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Annual PAYE
Total employee income tax your company must remit for the year.
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After you calculate, Ada will appear and offer to explain your numbers.