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Nigeria vs Singapore
Tax Rate Comparison

Enter your income below for a personal tax estimate, then scroll down for full rate breakdowns.

πŸ‡³πŸ‡¬ Nigeria
vs
πŸ‡ΈπŸ‡¬ Singapore
Tax Year:

πŸ’° Personal Income Tax Calculator

Enter your income to see your estimated annual tax liability in each country β€” side by side.

Enter your annual income above to see your personal tax comparison β†’
Individual Income Tax (Top Marginal Rate)
Top Income Tax Rate
7–24%
Tax reform bill (2024) restructuring rates; implementation phased
No change
0–24%
Stable; top bracket review under consideration
No change
VAT / GST / Sales Tax
VAT / GST / Sales Tax
7.5%
7.5% maintained; reform bill proposes higher rate
No change
9%
No further GST increases planned
No change
Corporate Tax Rate
Corporate Tax Rate
25%
Reform bill reducing to 25% for large companies
β–Ό -5.0pp vs 2025
17%
Global Minimum Tax compliance ongoing
No change
Capital Gains Tax
Capital Gains Tax
10%
10% stable
No change
0%
No capital gains tax
No change
Social Security & Payroll
Social Security / Payroll
18%
18% total maintained; pension fund growing
No change
37%
CPF adequacy review; contribution rates stable
No change
State, Regional & Local Taxes

πŸ‡³πŸ‡¬ 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.

πŸ‡ΈπŸ‡¬ Singapore β€” City-State β€” No Sub-National Variation

As a city-state, Singapore has no states or regions to create tax variation. Property tax is levied at progressive rates (0–32% owner-occupied; 12% investment/commercial). CPF (Central Provident Fund) contributions serve as combined social security and retirement savings. There is no inheritance tax or capital gains tax.

⚠️ Disclaimer: Rates shown are standard top/headline rates for informational purposes. Actual tax liability depends on income level, residency, deductions, and tax treaties. 2025–2026 data reflects announced or enacted rates and may be subject to change. Not financial or legal advice.

Nigeria vs Singapore: Key Tax Differences (2026)

πŸ’° Income Tax: Nigeria and Singapore have similar top income tax rates (7–24% vs 0–24%).

πŸ›’ VAT/Sales Tax: Singapore has a higher consumption tax (7.5% vs 9%).

🏒 Corporate Tax: πŸ‡ΈπŸ‡¬ Singapore offers a lower corporate rate (17% vs 25%), which can influence business location decisions.

πŸ“ˆ Capital Gains: πŸ‡ΈπŸ‡¬ Singapore taxes investment gains at a lower rate (0% vs 10%), benefiting investors.

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