Why Use These Business Tax Tools?
Real Rate Tables
CIT, CGT, and WHT rates sourced directly from FIRS, KRA, GRA, SARS, and 50 other African tax authorities — updated for every Finance Act change.
Multi-Tax Coverage
Corporate income tax, capital gains on shares and property, withholding tax on services, transfer pricing adjustments, import duty — all in one hub.
Contractor-Ready
Side hustle tax, WHT deduction on professional fees, and import duty calculators built for freelancers, consultants, and small businesses.
Frequently Asked Questions
What is the corporate income tax rate in Nigeria?
Under the Finance Act 2023 and NTA 2026, Nigeria's standard CIT rate is 30% for large companies (annual turnover above ₦100m). Medium companies (₦25m–₦100m) pay 20%. Small companies below ₦25m are exempt from CIT. An education tax of 3% applies on assessable profits in addition to CIT.
How is capital gains tax calculated in South Africa?
South Africa taxes CGT through the inclusion rate system. 40% of a capital gain is included in taxable income for individuals (80% for companies). With a maximum marginal rate of 45%, the effective maximum CGT rate for individuals is 18%. There's an annual exclusion of R40,000 for individuals.
What is withholding tax and when does it apply?
WHT is a tax deducted at source by the payer before remitting to the supplier. In Nigeria, it applies to dividends (10%), rent (10%), professional and management fees (5–10%), and construction contracts (2.5%). In Kenya, WHT rates vary from 3% on goods to 20% on dividends paid to non-residents. Our WHT tools calculate the correct rate for each transaction type.
Is there capital gains tax on shares in Kenya?
Yes. Kenya reintroduced CGT on listed securities in 2023 at 15% on gains. For unlisted securities and property, CGT is 5% of the transfer value (not gain) with exemptions for principal private residences. Our Kenya CGT calculator handles both listed and unlisted asset types.
How does import duty work in Africa?
Import duty is calculated on the CIF (Cost, Insurance, Freight) value of goods. ECOWAS countries apply a Common External Tariff (CET) with rates of 0%, 5%, 10%, 20%, or 35% depending on product category. EAC countries have similar tiered rates. VAT, excise duty, and levies are added on top of the customs value plus duty.
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