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Nigeria Tax Calculator
Calculate Nigeria VAT at 7.5% of cost price
₦
VAT (7.5%)
₦0.00
Total with Tax
₦0.00
Note on VAT
Effective February 1st, 2020, the Value Added Tax (VAT) rate in Nigeria was increased from 5% to 7.5% as per the Finance Act 2019.Quick Reference:
| Amount | VAT (7.5%) | Total |
|---|---|---|
| ₦1,000 | ₦75 | ₦1,075 |
| ₦10,000 | ₦750 | ₦10,750 |
| ₦100,000 | ₦7,500 | ₦107,500 |
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