The Sales Tax Rate in Nigeria stands at 5 percent. The Federal Executive Council has approved on September 11th a VAT increase to 7.2 percent, which will be effective in 2020 if it is approved by legislators at the National Assembly.

Sales Tax Rate in Nigeria is expected to be 5.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Nigeria Sales Tax Rate - VAT is projected to trend around 7.20 percent in 2020, according to our econometric models.

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Nigeria Sales Tax Rate - VAT

Actual Previous Highest Lowest Dates Unit Frequency
5.00 5.00 5.00 5.00 2006 - 2019 percent Yearly

Nigeria Sales Tax Rate - VAT
In Nigeria, the sales tax rate is a tax charged to consumers based on the purchase price of certain goods and services. The benchmark we use for the sales tax rate refers to the highest rate. Revenues from the Sales 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 [+]