Nigeria Income Tax Rates and Personal Allowances in 2018

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The Income tax rates and personal allowances in Nigeria are updated annually with new tax tables published for Resident and Non-resident taxpayers. The Tax tables below include the tax rates, thresholds and allowances included in the Nigeria Tax Calculator 2018.

Nigeria Residents Income Tax Tables in 2018: Income Tax Rates and Thresholds (Annual)
Tax RateTaxable Income Threshold
7%Income from R to ₦300,000.00
11%Income from R0.00to ₦600,000.00
15%Income from ₦600,000.00 to ₦1,100,000.00
19%Income from ₦1,100,000.00 to ₦1,600,000.00
21%Income from ₦1,600,000.00 to ₦3,200,000.00
24%Income from ₦3,200,000.00 and above
Nigeria Non-Residents Income Tax Tables in 2018: Income Tax Rates and Thresholds (Annual)
Tax RateTaxable Income Threshold
7%Income from R to ₦300,000.00
11%Income from R0.00to ₦600,000.00
15%Income from ₦600,000.00 to ₦1,100,000.00
19%Income from ₦1,100,000.00 to ₦1,600,000.00
21%Income from ₦1,600,000.00 to ₦3,200,000.00
24%Income from ₦3,200,000.00 and above

Income Tax in Nigeria in 2018

Taxes, including personal income tax, expenses and limitations are reviewed by the Government in Nigeria periodically and typically updated each year. Not that not all tax rates and thresholds in Nigeria change annually, alterations to tax policy to support strategic economic growth in Nigeria mean that the certain areas may be focused on to provide specific tax relief in Nigeria or support growth in certain areas (overseas invstment in Nigeria for example may mean reduced non-resident income tax rates in Nigeria for a period).

When tax policy in Nigeria changes, the resultant tax tables also change. Tax tables in Nigeria are simply a list of the relevent tax rates, fixed amounts and / or threholds used in the computation of tax in Nigeria, the Nigeria tax tables also include specific notes and guidance on the validity of scenarios (for example, qualifying criterea for specific tax relief / allowances) and notes of the calculation of phaseout of specific tax elements within each taxation group (dividends and corporation tax thresholds in Nigeria for example).

Nigeria Tax Tables may also be referred to as Nigeria Tax Slabs, Nigeria personal allowances and tax thresholds or Nigeria business tax rates. They all refer to the tax tables, whether in whole or as specific sections/categories of the tax tables therein. In the section, we publish all 2018 tax rates and thresholds used within the 2018 Nigeria Salary Calculator. This means that if you are aware of a 2018 tax exemption or 2018 tax allowance in Nigeria that you are entitled too BUT it isn't listed here, that we don't allow for it in this version of the Nigeria Salary Calculator. This is simply because we updated our tax calculators based on user feedback, we tailor the Nigeria Salary Calculator to suit our users needs. Our aim is to keep tax calculations in Nigeria simple, we achieve this my making the Nigeria tax calculators relevent to our community's needs, this includes you. So, if you would like a new 2018 tax rates, allowance or threshold adding (or perhaps updating), or if you notice an error in our 2018 tax calculations, simply contact us and we will adjust the tool.

Choose a specific income tax year to see the Nigeria income tax rates and personal allowances used in the associated income tax calculator for the same tax year.