Development Levy Calculator

Single 4% levy on assessable profits | Small companies exempt

Annual Gross Turnover (NGN)

Total Fixed Assets (NGN)

Assessable Profit (NGN)

Company Classification—

Development Levy (4%)—

Old Regime (5 levies)

—

New Regime (single levy)

—

Old Regime Breakdown

Tertiary Education Tax (TET)—

3% of assessable profit

IT Development Levy—

1% of profit before tax

NASENI Levy—

0.25% of profit

Police Trust Fund—

0.005% of net profit