Nigerian Invoice Calculator — VAT & Withholding Tax
Create professional Nigerian invoices with automatic VAT (7.5%) and Withholding Tax (WHT) calculations. Printable invoice format included.
Business Details
Line Items
Tax Options
₦0
Subtotal
₦0
VAT (7.5%)
₦0
WHT Deduction
₦0
Total Payable
Your Business Ltd
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Frequently Asked Questions
What is the VAT rate in Nigeria?
The standard VAT rate in Nigeria is 7.5%, as increased from 5% by the Finance Act 2019 effective February 2020. It applies to most goods and services supplied in Nigeria. Basic food items, medical and pharmaceutical products, and educational materials are VAT-exempt.
What is Withholding Tax (WHT) in Nigeria?
WHT is a tax deducted at source by the party making payment. For individuals and non-corporate entities: 5% for most services. For companies: 10% on dividends, rent, and interest; 5% on professional fees and technical services. WHT is a credit to be offset against annual income tax.
Do I need to register for VAT in Nigeria?
Businesses with annual turnover above ₦25 million must register for VAT with FIRS (Federal Inland Revenue Service). Smaller businesses are exempt from VAT registration but may still choose to collect and remit VAT voluntarily.
How do I issue a proper invoice in Nigeria?
A valid Nigerian invoice should include: your business name, address, TIN (Tax Identification Number), invoice number, date, client details, itemised list of goods/services, subtotal, VAT amount (if applicable), WHT deduction (if applicable), total payable, bank details, and payment terms.