LEVY
Classification: Small Company
The Nigeria Tax Act 2025 introduces a consolidated Development Levy to replace multiple fragmented levies.
A single Development Levy of 4% on assessable profits has been introduced. This replaces the Tertiary Education Tax (2.5-3%), NASENI Levy, IT Levy, and Police Trust Fund levy.
Small companies (turnover ≤ N50m and assets ≤ N250m) are exempt from this levy.