A taxpayer is required to file returns for the preceding year within 90 days of the end of the year. Monthly payments of Pay As You Earn (PAYE) tax liabilities are to be made on or before the 10th day of the month following the applicable month (e.g. January tax to be remitted by 10th of February).

The employer has the duty to deduct PAYE and remit to the tax authorities on a monthly basis. In many respects, it was major amendment to Personal Income Tax Act 2004. The president, in mid December 2011 signed into law the new PERSONAL INCOME TAX AMENDMENT ACT 2011.

The employer has the duty to deduct PAYE and remit to the tax authorities on a monthly basis.

Personal income tax rates in Nigeria are charged progressively up to 25%.

Tax Table (Income) Tax Rate
First N30,000 5%
Next N30,000 10%
Next N50,000 15%
Next N50,000 20%
Over N160,000 25%