Companies · corporate income tax
Company tax, settled clearly.
Small companies under ₦50M pay nothing. Everyone else: 30% Company Income Tax plus a 2% Education Tax on profit.
≤₦50M · 0%
Small-company relief
30% CIT
Standard rate
+2%
Education Tax
Company income tax calculator
CIT + Education Tax · 2026 rates
Total revenue for the year
Turnover minus expenses = taxable profit
Professional services (legal, medical, consulting) don't qualify for the small-company 0%.
Enter turnover to see your net profit and company tax due.
What applies
The corporate rules, in brief
Small-company exemption
Companies with turnover of ₦50 million or less pay 0% — provided they aren't professional-services firms.
30% + 2% for the rest
Larger companies pay 30% Company Income Tax plus a 2% Education Tax, both assessed on taxable profit.
Deduct before you're taxed
Allowable business expenses and capital allowances reduce the profit your tax is calculated on.
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