Turnover under ₦100m? Your company's CIT rate is now zero

Under the Nigeria Tax Act 2025, companies with annual turnover of ₦100m or less (and fixed assets within the threshold) pay 0% Company Income Tax — up from the previous ₦25m small-company band.

The exemption extends to the new 4% Development Levy, which consolidated the tertiary education, NITDA, NASENI and police-fund levies for everyone else.

Zero rate does not mean zero filing. You still file annual returns, run PAYE for staff, and — if you cross the VAT threshold — charge and remit VAT. Skipping the nil return still earns late-filing penalties under the NTAA 2025.

The HopperTax business dashboard watches your rolling turnover against the threshold and warns you the quarter you're on track to cross it, so the 30% cliff never surprises you.