VAT (7.5%)
NGN7,500
Pre-VAT Amount
NGN1,00,000
Total Including VAT
NGN1,07,500
Nigeria VAT कैलकुलेटर — Amount (₦) ₹1,00,000
With amount (₦) of ₹1,00,000, the vat (7.5%) is NGN7,500.
Pre-VAT Amount
NGN1,00,000
VAT (7.5%)
NGN7,500
Total Including VAT
NGN1,07,500
Nigeria raised VAT from 5% to 7.5% in February 2020. Basic food items, medical supplies, baby products, books, and educational materials are zero-rated. Healthcare services and plays/performances for children are exempt.
What is the Nigeria VAT Calculator?
Nigeria's VAT rate has been 7.5% since February 2020 (increased from 5% by Finance Act 2019). FIRS administers VAT collection. Businesses with annual turnover above ₦25 million must register for VAT. Key exemptions include basic foods (unprocessed/semi-processed), medical supplies, fertilizer, books, and baby products.
Formula
VAT = Pre-VAT Amount × 7.5%. Total = Amount + VAT.- P
- = Pre-tax price
- VAT
- = VAT amount at 7.5%
How to use the Nigeria VAT Calculator
- 1
Step 1
Enter amount.
- 2
Step 2
Select whether price is pre-VAT or inclusive.
- 3
Step 3
Select supply category.
- 4
Step 4
View VAT and total.
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Frequently asked questions
What is the VAT rate in Nigeria in 2024?
Nigeria's standard VAT rate is 7.5% since February 2020. There is no higher luxury rate. Zero-rated items include basic foods, exports, medical services, educational services, and agricultural products.
Is VAT charged on services in Nigeria?
Yes. Most services are standard-rated at 7.5%. Financial services (banking, insurance) are exempt. Professional services (legal, accounting) are standard-rated. Digital services provided by foreign companies to Nigerian consumers are subject to VAT since 2019.
What businesses must register for VAT in Nigeria?
Businesses with annual turnover of ₦25 million or more must register for VAT with FIRS and file monthly VAT returns. Smaller businesses are exempt from mandatory VAT registration.
Sources
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