Nigeria Tax Act, 2025 · NTA s.59
Development levy — 4% of assessable profits
A 4% levy on assessable profits, charged alongside company income tax.
Who this lands on: Companies chargeable to tax, other than small companies and non-resident companies.
A development levy of 4% is charged on the assessable profits of a company (NTA s.59).
Small companies and non-resident companies are outside it, so a company that passes the small-company test pays neither the levy nor company income tax.
It is assessed and collected with the company's income tax, so it lands with the same return, not a separate filing.