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 2022, 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 2023, according to our econometric models.

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Nigeria Personal Income Tax Rate

Related Last Previous Unit Reference
Personal Income Tax Rate 24.00 24.00 percent Dec 2022
Corporate Tax Rate 30.00 30.00 percent Dec 2022
Sales Tax Rate 7.50 7.50 percent Dec 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
24.00 24.00 24.00 24.00 2011 - 2022 percent Yearly