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Singapore vs Nigeria
Tax Rate Comparison

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

🇸🇬 Singapore
vs
🇳🇬 Nigeria
Tax Year:

💰 Personal Income Tax Calculator

Enter your income to see your estimated annual tax liability in each country — side by side.

Enter your annual income above to see your personal tax comparison →

Individual Income Tax (Top Marginal Rate)

Top Income Tax Rate
0–24%
Stable; top bracket review under consideration
No change
7–24%
Tax reform bill (2024) restructuring rates; implementation phased
No change

VAT / GST / Sales Tax

VAT / GST / Sales Tax
9%
No further GST increases planned
No change
7.5%
7.5% maintained; reform bill proposes higher rate
No change

Corporate Tax Rate

Corporate Tax Rate
17%
Global Minimum Tax compliance ongoing
No change
25%
Reform bill reducing to 25% for large companies
-5.0pp vs 2025

Capital Gains Tax

Capital Gains Tax
0%
No capital gains tax
No change
10%
10% stable
No change

Social Security & Payroll

Social Security / Payroll
37%
CPF adequacy review; contribution rates stable
No change
18%
18% total maintained; pension fund growing
No change
State, Regional & Local Taxes

🇸🇬 SingaporeCity-State — 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.

🇳🇬 NigeriaState & 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.

⚠️ 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.

Singapore vs Nigeria: Key Tax Differences (2026)

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

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

🏢 Corporate Tax: 🇸🇬 Singapore offers a lower corporate rate (17% vs 25%), which can influence business location decisions.

📈 Capital Gains: 🇸🇬 Singapore taxes investment gains at a lower rate (0% vs 10%), benefiting investors.

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