The Personal Income Tax Rate in Nigeria stands at 24 percent.

Personal Income Tax Rate in Nigeria averaged 24.00 percent from 2011 until 2016, reaching an all time high of 24.00 percent in 2012 and a record low of 24.00 percent in 2012. This page provides the latest reported value for - Nigeria Personal Income Tax Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Personal Income Tax Rate in Nigeria is expected to be 24.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Nigeria Personal Income Tax Rate is projected to trend around 24.00 percent in 2020, according to our econometric models.

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Nigeria Personal Income Tax Rate

Actual Previous Highest Lowest Dates Unit Frequency
24.00 24.00 24.00 24.00 2011 - 2018 percent Yearly

Nigeria Personal Income Tax Rate
In Nigeria, the Personal Income Tax Rate is a tax collected from individuals and is imposed on different sources of income like labor, pensions, interest and dividends. The benchmark we use refers to the Top Marginal Tax Rate for individuals. Revenues from the Personal Income Tax Rate are an important source of income for the government of Nigeria.

Nigeria Taxes Last Previous Highest Lowest Unit
Corporate Tax Rate 30.00 30.00 30.00 30.00 percent [+]
Personal Income Tax Rate 24.00 24.00 24.00 24.00 percent [+]
Sales Tax Rate 5.00 5.00 5.00 5.00 percent [+]