The Sales Tax Rate in Nigeria stands at 7.50 percent.

Sales Tax Rate in Nigeria averaged 5.17 percent from 2006 until 2020, reaching an all time high of 7.50 percent in 2020 and a record low of 5 percent in 2007. This page provides - Nigeria Sales Tax Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Nigeria Sales Tax Rate - VAT - values, historical data and charts - was last updated on August of 2020.

Sales Tax Rate in Nigeria is expected to reach 7.50 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Nigeria Sales Tax Rate - VAT is projected to trend around 7.50 percent in 2021, according to our econometric models.

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Nigeria Sales Tax Rate - VAT

Actual Previous Highest Lowest Dates Unit Frequency
7.50 5.00 7.50 5.00 2006 - 2020 percent Yearly

Nigeria Taxes Last Previous Highest Lowest Unit
Corporate Tax Rate 30.00 30.00 30.00 30.00 percent [+]
Personal Income Tax Rate 24.00 24.00 24.00 24.00 percent [+]
Sales Tax Rate 7.50 5.00 7.50 5.00 percent [+]


Nigeria Sales Tax Rate - VAT
In Nigeria, the sales tax rate is a tax charged to consumers based on the purchase price of certain goods and services. The benchmark we use for the sales tax rate refers to the highest rate. Revenues from the Sales Tax Rate are an important source of income for the government of Nigeria.