Individuals residing in Nigeria are subject to taxation on their global income. In the event of employment, a non-resident person is subject to tax in Nigeria if the responsibilities of the job are performed entirely or partially in Nigeria, unless:
(1) the duties are performed on behalf of an employer who is in a country other than Nigeria,
(2) the remuneration of the employee is not borne by a fixed base of the employer in Nigeria, and
(3) the remuneration of the employee is liable to tax in that other country under the provisions of the avoidance of double taxation treaty (DTT) with that other country.
For an annual income of up to NGN 300,000, the personal income tax rate is set at 7 percent.
For an annual income between NGN 300,000 and NGN 600,000, the personal income tax rate is set at 11 percent.
For an annual income between NGN 600,000 and NGN 1,100,000, the personal income tax rate is set at 15 percent.
For an annual income between NGN 1,100,000 and NGN 1,600,000, the personal income tax rate is set at 19 percent.
For an annual income between NGN 1,600,000 and NGN 3,200,000, the personal income tax rate is set at 21 percent.
For an annual income above NGN 3,200,000, the personal income tax rate is set at 24 percent.