VAT (Value Added Tax) Calculator 2025
Calculate your VAT liability based on the Nigeria Tax Act 2025. The standard VAT rate is 7.5%. Businesses with annual turnover exceeding ₦25,000,000 must register for VAT. Calculate Output VAT (on sales), Input VAT (on purchases), and net VAT payable/refundable.
VAT Calculation Inputs
VAT Rates 2025
Applies to most goods and services in Nigeria
- • Mandatory if annual turnover > ₦25M
- • Voluntary registration below threshold
- • File monthly returns by 21st
- • Exported goods/services
- • Diplomatic supplies
- • Export processing zones
- Can reclaim input VAT ✓
- • Medical services & products
- • Basic food items (unprocessed)
- • Educational services
- • Books & newspapers
- • Baby products
- Cannot reclaim input VAT ✗
Need Help?
Fill in your sales and purchase information to calculate your monthly VAT liability. The calculator will show output VAT, input VAT, and net VAT payable or refundable.
Understanding VAT in Nigeria
What is VAT?
Value Added Tax is a consumption tax charged at each stage of production and distribution. The final consumer ultimately bears the tax, but businesses collect and remit it to FIRS.
Filing Deadline
VAT returns must be filed monthly by the 21st day of the following month. Late filing attracts penalties of ₦50,000 for the first month and ₦25,000 for each subsequent month.
Input vs Output VAT
Output VAT is VAT you collect from customers on sales. Input VAT is VAT you pay on business purchases. You remit the difference to FIRS (or claim a refund if input exceeds output).
VAT Invoice Requirements
All VAT invoices must include: VAT registration number, customer details, item description, VAT amount separately stated, and total amount. Proper invoices are required to claim input VAT.