Nigeria VAT Calculator — Amount (₦) ₹10,00,000

Name: Nigeria VAT Calculator — Amount (₦) ₹10,00,000
Creator: CalcHub

With amount (₦) of ₹10,00,000, the vat (7.5%) is NGN75,000.

Last updated: 7 April 2026·Source: FIRS — VAT Guide Nigeria

Amount (₦) (NGN)

Price Type

Supply Category

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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CalcHub Editorial Team

· Financial Content Team

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Reviewed on 5 April 2026

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.