IM · EuropeNG · Africa
Isle of Man vs Nigeria: tax rates compared
Nigeria has an income tax rate of 25%, 4pp above Isle of Man's 21%. The 200-country average is 28%: both sit below it.
Verified data covers five of the six tracked tax types for both countries; every rate below is cited to its source and dated.
At a glance
| Tax | IM | NG | Difference |
|---|---|---|---|
| Income Tax | 21% | 25% | NG +4 pp |
| Corporate Tax | 0% | 30% | NG +30 pplargest gap |
| VAT | 20% | 7.5% | IM +12.5 pp |
| Capital Gains Tax | 0% | 25% | NG +25 pp |
| Wealth Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Isle of Man | 21% | Source: PWC Worldwide Tax Summaries — Isle of Man (Individual, Taxes on personal income) · as of 2026-02-06 |
| Nigeria | 25% | Source: PWC Worldwide Tax Summaries — Nigeria (Individual, Taxes on personal income) · as of 2026-05-29 |
| Difference | −4 pp | Nigeria higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Isle of Man | 0% | 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 | −30 pp | Nigeria higher |
Nigeria has a corporate tax rate of 30%, 30pp above Isle of Man's 0%. The 201-country average is 22.6%: Isle of Man sits below it, Nigeria sits above it.
VAT
| Country | Rate | Source |
|---|---|---|
| Isle of Man | 20% | Source: PWC Worldwide Tax Summaries — Isle of Man (Corporate, Other taxes) · as of 2026-02-06 |
| Nigeria | 7.5% | Source: PWC Worldwide Tax Summaries — Nigeria (Corporate, Other taxes) · as of 2026-05-29 |
| Difference | +12.5 pp | Isle of Man higher |
Isle of Man has a VAT rate of 20%, 12.5pp above Nigeria's 7.5%. The 181-country average is 15%: Isle of Man sits above it, Nigeria sits below it.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Isle of Man | 0% | Source: PWC Worldwide Tax Summaries — Isle of Man (Individual, Income determination) · as of 2026-02-06 |
| Nigeria | 25% | Source: PwC Worldwide Tax Summaries — Nigeria (Individual, Income determination) · as of 2026-05-29 |
| Difference | −25 pp | Nigeria higher |
Nigeria has a capital gains tax rate of 25%, 25pp above Isle of Man's 0%. The 175-country average is 10.3%: Isle of Man sits below it, Nigeria sits above it.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Isle of Man | 0% | Source: PWC Worldwide Tax Summaries — Isle of Man (Individual, Other taxes) · as of 2026-02-06 |
| Nigeria | 0% | Source: PWC Worldwide Tax Summaries — Nigeria (Individual, Other taxes) · as of 2026-05-29 |
| Difference | 0 pp | displayed rates match |
Isle of Man and Nigeria share the same wealth tax rate: 0%. The 193-country average is 0.1%: both sit below it.
Not covered for both countries yet: Crypto Tax.