Find out if you qualify as a small company under the Nigeria Tax Act 2025 — and the big prize: 0% CIT, no Development Levy, no CGT, and no VAT to charge. We test against both the ₦50M (NTA) and ₦100M (NTAA) caps so you see the conflict.
Small-company status
Turnover ₦45,000,000 · Fixed assets ₦120,000,000
A small company under the NTA 2025 must satisfy three tests: turnover within the cap, total fixed assets ≤ ₦250,000,000, and it must not render professional services. Qualifying gives a powerful exemption package — 0% CIT, no 4% Development Levy, no tax on chargeable gains, and no obligation to charge VAT.
The catch is the turnover cap. The Nigeria Tax Act s.202 says ₦50,000,000, but the Nigeria Tax Administration Act s.147 says ₦100,000,000. The two laws were enacted together yet disagree, so a company turning over between ₦50M and ₦100M sits in a genuine gray zone. This checker reports both answers — do not rely on small-company exemptions in that band without confirming with the NRS or your adviser. Then model the numbers with the Company Income Tax calculator.
Source: Nigeria Tax Act 2025 s.202; Nigeria Tax Administration Act 2025 s.147; PwC Worldwide Tax Summaries — Nigeria, Corporate "Taxes on corporate income" (reviewed 29 May 2026); TheCable (26 Sep 2025). As of June 2026.
A company with gross turnover within the small-company cap, total fixed assets not exceeding ₦250,000,000, and that does not render professional services. A qualifying small company pays 0% CIT and is exempt from the Development Levy and CGT, and is not required to charge VAT.
The two reform Acts disagree. The Nigeria Tax Act (s.202) sets ₦50,000,000; the Nigeria Tax Administration Act (s.147) sets ₦100,000,000. This checker evaluates your status under BOTH and flags the ₦50M–₦100M gray zone. Confirm the operative threshold with the NRS.
Fixed assets above ₦250,000,000, or rendering professional services — either one means it is treated as a regular company regardless of turnover.
0% Companies Income Tax, exemption from the 4% Development Levy, exemption from tax on chargeable gains (CGT), and no requirement to charge VAT.
Informational only — not tax advice. Because the NTA and NTAA conflict on the turnover cap, treat results in the ₦50M–₦100M band as unresolved. Verify with the Nigeria Revenue Service or a qualified Nigerian tax professional. See our full disclaimer.