Education Tax (EDT)

Introduction

Scope/Companies covered

All registered Companies in Nigeria.

Rate of Tax

The rate of the tax is 2% of assessable profit

Enabling laws

Tertiary Education Trust Fund (Establishment, Etc) Act 2011

Recent Amendments –

Nil

Filing obligations

This aligns with the annual returns filing period for Corporate entities.

Associated Penalties
Non-filing of returns

5% of the tax plus principal tax amount

Non-payment of taxes

Penalties at 10% and interest at the prevailing Market rate

Kindly click the link below to download the Education Tax Law

SIAO EDUCATION TAX CALCULATOR

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Education Tax (EDT)

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