CY · EuropeNG · Africa
Cyprus vs Nigeria: tax rates compared
Between the two, Cyprus's income tax rate (35%) tops Nigeria's (25%) by 10pp. The 200-country average is 28%: Cyprus sits above it, Nigeria sits below it.
Verified data covers six of the six tracked tax types for both countries; every rate below is cited to its source and dated.
At a glance
| Tax | CY | NG | Difference |
|---|---|---|---|
| Income Tax | 35% | 25% | CY +10 pp |
| Corporate Tax | 12.5% | 30% | NG +17.5 pp |
| VAT | 19% | 7.5% | CY +11.5 pp |
| Capital Gains Tax | 0% | 25% | NG +25 pplargest gap |
| Crypto Tax | 8% | 25% | NG +17 pp |
| Wealth Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Cyprus | 35% | Source: PWC Worldwide Tax Summaries — Cyprus (Individual, Taxes on personal income) · as of 2026-05-18 |
| Nigeria | 25% | Source: PWC Worldwide Tax Summaries — Nigeria (Individual, Taxes on personal income) · as of 2026-05-29 |
| Difference | +10 pp | Cyprus higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Cyprus | 12.5% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Nigeria | 30% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | −17.5 pp | Nigeria higher |
Between the two, Nigeria's corporate tax rate (30%) tops Cyprus's (12.5%) by 17.5pp. The 201-country average is 22.6%: Cyprus sits below it, Nigeria sits above it.
VAT
| Country | Rate | Source |
|---|---|---|
| Cyprus | 19% | Source: PWC Worldwide Tax Summaries — Cyprus (Corporate, Other taxes) · as of 2026-05-18 |
| Nigeria | 7.5% | Source: PWC Worldwide Tax Summaries — Nigeria (Corporate, Other taxes) · as of 2026-05-29 |
| Difference | +11.5 pp | Cyprus higher |
Between the two, Cyprus's VAT rate (19%) tops Nigeria's (7.5%) by 11.5pp. The 181-country average is 15%: Cyprus sits above it, Nigeria sits below it.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Cyprus | 0% | Source: PWC Worldwide Tax Summaries — Cyprus (Individual, Income determination) · as of 2026-05-18 |
| Nigeria | 25% | Source: PwC Worldwide Tax Summaries — Nigeria (Individual, Income determination) · as of 2026-05-29 |
| Difference | −25 pp | Nigeria higher |
Between the two, Nigeria's capital gains tax rate (25%) tops Cyprus's (0%) by 25pp. The 175-country average is 10.3%: Cyprus sits below it, Nigeria sits above it.
Crypto Tax
| Country | Rate | Source |
|---|---|---|
| Cyprus | 8% | Source: PWC Worldwide Tax Summaries — Cyprus (Individual, Income determination) · as of 2026-05-18 |
| Nigeria | 25% | Source: EY Worldwide Personal Tax and Immigration Guide 2026 — Nigeria · as of 2025-10-01 |
| Difference | −17 pp | Nigeria higher |
Between the two, Nigeria's crypto tax rate (25%) tops Cyprus's (8%) by 17pp. The 88-country average is 13%: Cyprus sits below it, Nigeria sits above it. Cyprus's figure is dated 2026-05-18 and Nigeria's 2025-10-01, so the two rates come from different data vintages.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Cyprus | 0% | Source: PWC Worldwide Tax Summaries — Net wealth/worth tax rates (quick chart) · as of 2026-05-18 |
| Nigeria | 0% | Source: PWC Worldwide Tax Summaries — Nigeria (Individual, Other taxes) · as of 2026-05-29 |
| Difference | 0 pp | displayed rates match |
There's no gap here — Cyprus and Nigeria both post a wealth tax rate of 0%. The 193-country average is 0.1%: both sit below it.