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Nigeria vs Turkmenistan
Tax Rate Comparison

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

πŸ‡³πŸ‡¬ Nigeria
vs
πŸ‡ΉπŸ‡² Turkmenistan
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
10%
10% flat; gas revenues fund state expenditure
No change
VAT / GST / Sales Tax
VAT / GST / Sales Tax
7.5%
7.5% maintained; reform bill proposes higher rate
No change
15%
15% maintained
No change
Corporate Tax Rate
Corporate Tax Rate
25%
Reform bill reducing to 25% for large companies
β–Ό -5.0pp vs 2025
8–20%
8%/20%; China gas pipeline dominant
No change
Capital Gains Tax
Capital Gains Tax
10%
10% stable
No change
10%
10% nominal
No change
Social Security & Payroll
Social Security / Payroll
18%
18% total maintained; pension fund growing
No change
~35%
State-funded social system; gas wealth subsidizes pensions
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‡ΉπŸ‡² Turkmenistan β€” Velayat & Etrap Administrations

Turkmenistan's 5 velayats (provinces) and Ashgabat city have highly centralized administration under an authoritarian state. Turkmenistan has among the world's largest natural gas reserves, exporting most to China. The economy is heavily state-controlled with limited private sector. Citizens historically received free gas, electricity, water, and subsidized food (subsidies now being reformed). International transparency is very limited, making reliable tax data difficult to obtain from this closed state.

⚠️ 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 Turkmenistan: Key Tax Differences (2026)

πŸ’° Income Tax: πŸ‡³πŸ‡¬ Nigeria has a higher top income tax rate (7–24% vs 10%). πŸ‡ΉπŸ‡² Turkmenistan is more favourable for high earners.

πŸ›’ VAT/Sales Tax: Turkmenistan has a higher consumption tax (7.5% vs 15%).

🏒 Corporate Tax: πŸ‡ΉπŸ‡² Turkmenistan offers a lower corporate rate (20% vs 25%), which can influence business location decisions.

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