Paying taxes: Profit tax in Nigeria
Nigeria: Paying taxes: Profit tax was 21.0% in 2019. ▬ Flat
Latest (2019)
21.0%
Change on year
unchanged
World rank
58th
of 190 countries
All-time high
22.1%
in 2011
All-time low
20.9%
in 2016
Years of data
15
2005–2019
Paying taxes: Profit tax in Nigeria, 2005–2019
Source: World Bank. Measured in % of profits.
Analysis
In 2019, paying taxes: profit tax in Nigeria stood at 21.0%.
Compared with earlier readings it is down 3.2% over ten years.
Over the whole period, paying taxes: profit tax in Nigeria peaked at 22.1% in 2011 and was at its lowest, 20.9%, in 2016.
That places Nigeria 58th out of 190 countries with data for 2019, putting it in the middle of the range.
Paying taxes: Profit tax in Nigeria, year by year
| Year | % of profits | Change |
|---|---|---|
| 2005 | 22.0% | — |
| 2006 | 21.7% | -1.4% |
| 2007 | 21.7% | +0.0% |
| 2008 | 21.7% | +0.0% |
| 2009 | 21.7% | +0.0% |
| 2010 | 21.7% | +0.0% |
| 2011 | 22.1% | +1.8% |
| 2012 | 21.9% | -0.9% |
| 2013 | 21.8% | -0.5% |
| 2014 | 21.8% | +0.0% |
| 2015 | 21.4% | -1.8% |
| 2016 | 20.9% | -2.3% |
| 2017 | 21.0% | +0.5% |
| 2018 | 21.0% | +0.0% |
| 2019 | 21.0% | +0.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 21.8% | 21.7% | 22.0% | 5 |
| 2010s | 21.5% | 20.9% | 22.1% | 10 |
Countries ranked near Nigeria
- 55 Tonga 21.2% compare
- 56 Colombia 21.1% compare
- 56 Morocco 21.1% compare
- 59 Tanzania, United Republic of 20.9% compare
- 60 United States of America 20.7% compare
- 61 Malawi 20.4% compare
- 61 Netherlands 20.4% compare
More reference data data for Nigeria
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 1.77 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 19.51 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 27 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 2.62 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 27 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 5.94 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 5.8 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 81.9 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 121.16 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 14.27 (2050)
Frequently asked questions
- What is paying taxes: profit tax in Nigeria?
- Paying taxes: profit tax in Nigeria was 21.0% in 2019, according to the World Bank.
- What is the highest paying taxes: profit tax recorded in Nigeria?
- The highest recorded value was 22.1% in 2011.
- What is the lowest paying taxes: profit tax recorded in Nigeria?
- The lowest recorded value was 20.9% in 2016.
- How does Nigeria rank for paying taxes: profit tax?
- Nigeria ranks 58th out of 190 countries with data for 2019.
- Is paying taxes: profit tax rising or falling in Nigeria?
- Over the last ten years it is down 3.2%. The long-run trend across the full record is flat.
- Where does this Nigeria data come from?
- The figures come from the World Bank, published as part of Paying taxes: Profit tax (% of profits). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 15 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
The profit tax measures the amount of income taxes borne by the business in the second year of operation, expressed as a share of commercial pro?t.