Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
₦188
Income Tax
- ₦11.80
National Housing Fund (NHF)
- ₦4.35
Pension contributions
- ₦15.04
Total tax
- ₦31.19
Net pay
* ₦157
Marginal tax rate
16.9%
Average tax rate
16.6%
83.4%
Net pay
16.6%
Total tax
Total tax
Net pay
The Taxberg
₦157
Net pay
₦22.56
Tax the employer pays
₦31.19
Tax you pay
Total tax paid
₦53.75
Did you know your employer also pays tax on your salary? It costs the employer ₦22.56 to pay you ₦188. In other words, every time you spend ₦10 of your hard-earned money, ₦2.86 goes to the government.
Real tax rate
25.5%
So, with you and the employer both paying tax, what used to be a 16.6% tax rate now rises to 25.5%, meaning your real tax rate is actually 8.9% higher than what it seemed at first.
Summary
If you make ₦2,256 a year living in Nigeria, you will be taxed ₦374. That means that your net pay will be ₦1,882 per year, or ₦157 per month. Your average tax rate is 16.6% and your marginal tax rate is 16.9%. This marginal tax rate means that your immediate additional income will be taxed at this rate. For instance, an increase of ₦100 in your salary will be taxed ₦16.89, hence, your net pay will only increase by ₦83.11.
Bonus Example
A ₦1,000 bonus will generate an extra ₦831 of net incomes. A ₦5,000 bonus will generate an extra ₦4,156 of net incomes.
North America
Country 
Net pay
Average tax
Rank
Canada
NGN 2211
1.6%
1
USA
NGN 2063
8.9%
2
Latin America
Country 
Net pay
Average tax
Rank
Mexico
NGN 2203
2.4%
1
Puerto Rico
NGN 2097
7.4%
2
Brazil
NGN 2087
7.5%
3
Colombia
NGN 2076
8.0%
4
Guatemala
NGN 2039
9.6%
5
Ecuador
NGN 2046
9.6%
6
Costa Rica
NGN 2019
10.5%
7
Panama
NGN 2010
11.1%
8
Peru
NGN 1975
12.4%
9
Argentina
NGN 1872
17.0%
10
Chile
NGN 1859
17.6%
11
Uruguay
NGN 1847
18.1%
12
Show more
Middle East
Country 
Net pay
Average tax
Rank
Egypt
NGN 2256
0.0%
1
Saudi Arabia
NGN 2255
0.0%
2
United Arab Emirates
NGN 2142
5.1%
3
Qatar
NGN 2142
5.1%
4
Lebanon
NGN 2098
7.0%
5
Oman
NGN 2091
7.7%
6
Bahrain
NGN 2091
7.8%
7
Kuwait
NGN 2019
11.9%
8
Israel
NGN 1959
13.1%
9
Turkey
NGN 1901
15.8%
10
Show more
NOTE* Withholding is calculated based on the tables of Nigeria, income tax. For simplification purposes some variables (such as marital status and others) have been assumed. This document does not represent legal authority and shall be used for approximation purposes only.