A company in Nigeria is subject to minimum tax
-where a company has no taxable profit or the tax payable is less than the Minimum tax.
-If not exempted from Minimum tax.

Minimum tax is computed as follows
The highest of
-0.5% of Gross Profit.
-0.5% of Net Asset.
-0.25% of paid up share capital
-0.25% of Turnover up to  500,000
plus
-0.125% of turnover in excess of N500,000.

Disclaimer: Obi Azubuike is not by this publication acting as a professional advisers and therefore not liable to any  damage whatsoever for your acting or refraining to act based on  this publication. Consult your professional for advice. 

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