Nigeria vs Barbados
Tax Rate Comparison
Enter your income below for a personal tax estimate, then scroll down for full rate breakdowns.
π° Personal Income Tax Calculator
Enter your income to see your estimated annual tax liability in each country β side by side.
π³π¬ Nigeria β State & Local Government Taxes
Nigeria's 36 states and FCT each have their own Personal Income Tax Law (PITL), though rates follow a national schedule. States levy property rates, land use charges, and business premises levies. The 774 local government areas (LGAs) levy tenement rates and market fees. Only federal employees and residents in the FCT pay federal income tax to FIRS; all others pay to state tax authorities. VAT revenue is shared: 15% FIRS, 50% states, 35% LGAs.
π§π§ Barbados β Parish Councils & Land Tax
Barbados's 11 parishes have parish councils that levy land tax at 0.1%β0.7% of site value. Barbados has long been a significant international business and financial centre, particularly for Canadian companies. Major tax reform in 2019 aligned Barbados with OECD BEPS standards. A tiered corporate tax rate structure was introduced. Barbados was removed from the EU tax haven blacklist following these reforms and maintains competitiveness as an IFC.
Nigeria vs Barbados: Key Tax Differences (2026)
π° Income Tax: π§π§ Barbados has a higher top income tax rate (7β24% vs 12.5β28.5%). π³π¬ Nigeria is more favourable for high earners.
π VAT/Sales Tax: Barbados has a higher consumption tax (7.5% vs 17.5%).
π’ Corporate Tax: π§π§ Barbados offers a lower corporate rate (9% vs 25%), which can influence business location decisions.
π Capital Gains: π§π§ Barbados taxes investment gains at a lower rate (0% vs 10%), benefiting investors.