The Nigeria VAT Calculator helps you quickly calculate Value Added Tax (VAT) on goods and services based on the current VAT rate in Nigeria. Whether you’re adding VAT to a net price or subtracting it from a total price, this tool provides accurate results for individuals and businesses.
Nigeria VAT Calculator
Results
VAT Amount: 0.00 NGN
Total Amount: 0.00 NGN
How to Use the Nigeria VAT Calculator
The Nigeria VAT Calculator makes it easy to estimate Value Added Tax for any product or service. Follow these steps:
- Enter the amount you want to calculate VAT on (in Naira).
- Select the VAT rate: The standard rate is 7.5%, but you can choose other options or add a custom rate.
- Choose the calculation type:
- Select “Add VAT” to add VAT to a base price.
- Select “Subtract VAT” to find the VAT amount from a VAT-inclusive price.
- Click the Calculate button to get the VAT amount and the total amount (either with VAT added or excluded).
You can check this guide with examples on how to compute VAT in Nigeria.
Frequently Asked Questions (FAQs)
What is the current VAT rate in Nigeria?
The standard VAT rate in Nigeria is 7.5%, while some goods and services may qualify for reduced or exempted rates. See full VAT rates in Nigeria or view the general VAT rates list.
Can I customize the VAT rate in the calculator?
Yes. If you’re dealing with a special VAT rate, use the custom rate field to enter your desired percentage.
How do I know whether to add or subtract VAT?
If you are a seller or service provider adding VAT to the net amount, use “Add VAT.”
If you are working with a VAT-inclusive price, use “Subtract VAT” to find the VAT amount.
Is everyone in Nigeria required to register for VAT?
Not all businesses are required, but if your annual turnover exceeds the threshold, VAT registration is mandatory. Read more about penalties for not registering for VAT in Nigeria.
Where can I learn more about Nigeria’s VAT system?
Visit the official FIRS VAT page
Explore FIRS main website for complete tax information.