Nigeria Compliance Guide
Filing requirements, deadlines, and fees for Nigeria business entities.
Filing Obligations
Annual Return (CAC)
AnnualNigerian companies must file annual returns with the Corporate Affairs Commission after each annual general meeting. The return includes details of directors, shareholders, share capital, and the registered office.
Within 42 days after the AGM (private company); within 21 days after the AGM (public company). The AGM must be held within 15 months of the previous one.
₦5,000 (small company); ₦10,000+ (larger companies)
₦10,000–₦50,000 per year of non-filing. Company may be struck off the register after continued non-compliance.
Online via the CAC Company Registration Portal (CRP)
Companies Income Tax Return (CITR)
AnnualNigeria levies companies income tax (CIT) at 30% for large companies (turnover > ₦100 million), 20% for medium companies (₦25m–₦100m turnover), and 0% for small companies (turnover ≤ ₦25 million). Companies must self-assess and file within 6 months of FYE.
Within 6 months of the end of the accounting year (self-assessment)
No filing fee
₦25,000 penalty for late filing (first month) plus ₦5,000 per day thereafter. 10% of the tax payable if late.
Online via the Federal Inland Revenue Service (FIRS) TaxProMax platform
VAT Return
MonthlyNigeria levies VAT at 7.5% on most goods and services. All VATable persons must register, file monthly returns, and remit VAT collected by the 21st of the following month.
21st day of the month following the relevant month
No filing fee
₦50,000 for non-registration. 5% of the tax not remitted for late filing.
Online via the FIRS TaxProMax platform
Key Dates
Frequently Asked Questions
What is Nigeria's corporate tax rate?
Nigeria has a tiered CIT system: 30% for large companies (turnover > ₦100 million), 20% for medium companies (₦25m–₦100m), and 0% for small companies (≤ ₦25 million turnover). A 2.5% education tax also applies.
What is the Nigerian FIRS TaxProMax system?
TaxProMax is the Federal Inland Revenue Service's online tax administration platform for filing returns, making payments, and managing tax compliance obligations. All corporate taxpayers must register and file through this system.
Manage Nigeria compliance automatically
CompCal tracks every deadline and sends smart alerts so you never miss a filing.
Get Started FreeLast updated: 2026-02-27. Information is provided for general guidance and may not reflect the most recent changes. Always verify with the official state registrar.