Nigeria: Commercial tax rate

* indicates monthly or quarterly data series

Tax rate, percent of commercial profits

 Latest value 34.80
 Year 2019
 Measure percent
 Data availability 2013 - 2019
 Average 34.17
 Min - Max 33.00 - 34.90
 Source The World Bank (doing business survey)
For that indicator, we provide data for Nigeria from 2013 to 2019. The average value for Nigeria during that period was 34.17 percent with a minimum of 33 percent in 2013 and a maximum of 34.9 percent in 2016. The latest value from 2019 is 34.8 percent. For comparison, the world average in 2019 based on 184 countries is 40.53 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
Select indicator
* indicates monthly or quarterly data series

Recent values chart
Nigeria - Commercial tax rate - Recent values chart

Definition: Total tax rate measures the amount of taxes and mandatory contributions payable by businesses after accounting for allowable deductions and exemptions as a share of commercial profits. Taxes withheld (such as personal income tax) or collected and remitted to tax authorities (such as value added taxes, sales taxes or goods and service taxes) are excluded.

Selected articles from our guide:

What factors determine the exchange rates

International lending and sovereign debt

Are trade deficits bad for the economy?

The unholy trinity of international finance

Most commonly used measures of corruption

All articles

 Related indicators Latest value Reference Measure
 Fiscal balance, percent of GDP -5.10 2023 percent
 Government debt 41.52 2023 percent
 Government expenditure 2,542.12 Q3/2023 billion
 Commercial tax rate 34.80 2019 percent
 Tax preparation time 343 2019 hours
 Number of taxes 48 2019 taxes
 Foreign aid 3,357.19 2021 million U.S. dollars
This site uses cookies.
Learn more here