🧾 Tax Terms

Minimum Tax

What is Minimum Tax?

Minimum tax is a safeguard ensuring companies pay at least some tax. If your calculated CIT is less than 0.5% of your gross turnover, you pay the minimum tax instead. Small companies (turnover <₦25M) are exempt from minimum tax.

Related Terms

CIT Revenue / Turnover

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CIT (Company Income Tax) Calculator

Calculate your company income tax using Nigeria's three-tier system (0%/20%/30%).

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