Micronesia or Nigeria: which taxes less?

Both tax systems side by side, headline rates and the gap between them.

Level pegging: Micronesia and Nigeria weigh about the same on the taxpayer.

Tax Micronesia Nigeria Gap
Corporate income tax headline rate 21% 30% −9.0 points
Personal income tax top bracket 15% to 38% 0% to 25% +13.0 points
VAT standard rate 5% 7.5% −2.5 points

Detailed schedules

Corporate income tax

Micronesia

n/a

Nigeria

Large companies revenue over 100 M NGN 30%
Small companies revenue up to 100 M NGN and assets under 250 M NGN 0%
See the Micronesia page See the Nigeria page