LV · EuropeNG · Africa
Latvia vs Nigeria: tax rates compared
Between the two, Latvia's income tax rate (33%) tops Nigeria's (25%) by 8pp. The 200-country average is 28%: Latvia sits above it, Nigeria sits below it. Latvia's figure is dated 2025-12-30 and Nigeria's 2026-05-29, so the two rates come from different data vintages.
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 | LV | NG | Difference |
|---|---|---|---|
| Income Tax | 33% | 25% | LV +8 pp |
| Corporate Tax | 20% | 30% | NG +10 pp |
| VAT | 21% | 7.5% | LV +13.5 pplargest gap |
| Capital Gains Tax | 25.5% | 25% | LV +0.5 pp |
| Crypto Tax | 25.5% | 25% | LV +0.5 pp |
| Wealth Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Latvia | 33% | Source: State Revenue Service of Latvia (VID) — Personal Income Tax rates · as of 2025-12-30 |
| Nigeria | 25% | Source: PWC Worldwide Tax Summaries — Nigeria (Individual, Taxes on personal income) · as of 2026-05-29 |
| Difference | +8 pp | Latvia higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Latvia | 20% | 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 | −10 pp | Nigeria higher |
Between the two, Nigeria's corporate tax rate (30%) tops Latvia's (20%) by 10pp. The 201-country average is 22.6%: Latvia sits below it, Nigeria sits above it.
VAT
| Country | Rate | Source |
|---|---|---|
| Latvia | 21% | Source: PWC Worldwide Tax Summaries — Latvia (Corporate, Other taxes) · as of 2026-06-30 |
| Nigeria | 7.5% | Source: PWC Worldwide Tax Summaries — Nigeria (Corporate, Other taxes) · as of 2026-05-29 |
| Difference | +13.5 pp | Latvia higher |
Between the two, Latvia's VAT rate (21%) tops Nigeria's (7.5%) by 13.5pp. The 181-country average is 15%: Latvia sits above it, Nigeria sits below it.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Latvia | 25.5% | Source: PWC Worldwide Tax Summaries — Latvia (Individual, Income determination) · as of 2026-06-30 |
| Nigeria | 25% | Source: PwC Worldwide Tax Summaries — Nigeria (Individual, Income determination) · as of 2026-05-29 |
| Difference | +0.5 pp | Latvia higher |
Between the two, Latvia's capital gains tax rate (25.5%) tops Nigeria's (25%) by 0.5pp. The 175-country average is 10.3%: both sit above it.
Crypto Tax
| Country | Rate | Source |
|---|---|---|
| Latvia | 25.5% | Source: EY Worldwide Personal Tax and Immigration Guide 2025-26 — Latvia · as of 2025-10-01 |
| Nigeria | 25% | Source: EY Worldwide Personal Tax and Immigration Guide 2026 — Nigeria · as of 2025-10-01 |
| Difference | +0.5 pp | Latvia higher |
Between the two, Latvia's crypto tax rate (25.5%) tops Nigeria's (25%) by 0.5pp. The 88-country average is 13%: both sit above it.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Latvia | 0% | Source: PWC Worldwide Tax Summaries — Net wealth/worth tax rates (quick chart) · as of 2026-06-30 |
| 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 — Latvia and Nigeria both post a wealth tax rate of 0%. The 193-country average is 0.1%: both sit below it.