Nigeria or Vietnam: which taxes less?

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

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

Tax Nigeria Vietnam Gap
Corporate income tax headline rate 30% 20% +10.0 points
Personal income tax top bracket 0% to 25% 5% to 35% −10.0 points
VAT standard rate 7.5% 10% −2.5 points

Detailed schedules

Corporate income tax

Nigeria

Large companies revenue over 100 M NGN 30%
Small companies revenue up to 100 M NGN and assets under 250 M NGN 0%

Vietnam

General rate 20%
SMEs 15 to 17% depending on conditions, 2025 law 15%
See the Nigeria page See the Vietnam page