Education Tax (EDT)
EDUCATION TAX (EDT)
All registered Companies in Nigeria.
Rate of Tax
The rate of the tax is 2% of assessable profit
Tertiary Education Trust Fund (Establishment, Etc) Act 2011
- 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