The Personal Income Tax Rate in Nigeria stands at 24 percent. source: Federal Inland Revenue Service, Nigeria

Personal Income Tax Rate in Nigeria is expected to reach 24.00 percent by the end of 2020, 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 2021, 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 - 2020 percent Yearly

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 7.50 5.00 7.50 5.00 percent [+]


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.