NG · AfricaVE · Americas
Nigeria vs Venezuela: tax rates compared
Venezuela's income tax rate is 9pp higher than Nigeria's (34% vs 25%). The 200-country average is 28%: Nigeria sits below it, Venezuela sits above 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 | NG | VE | Difference |
|---|---|---|---|
| Income Tax | 25% | 34% | VE +9 pp |
| Corporate Tax | 30% | 34% | VE +4 pp |
| VAT | 7.5% | 16% | VE +8.5 pp |
| Capital Gains Tax | 25% | 1% | NG +24 pplargest gap |
| Wealth Tax | 0% | 0.3% | VE +0.3 pp |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Nigeria | 25% | Source: PWC Worldwide Tax Summaries — Nigeria (Individual, Taxes on personal income) · as of 2026-05-29 |
| Venezuela | 34% | Source: PWC Worldwide Tax Summaries — Venezuela (Individual, Taxes on personal income) · as of 2026-01-12 |
| Difference | −9 pp | Venezuela higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Nigeria | 30% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Venezuela | 34% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | −4 pp | Venezuela higher |
Venezuela's corporate tax rate is 4pp higher than Nigeria's (34% vs 30%). The 201-country average is 22.6%: both sit above it.
VAT
| Country | Rate | Source |
|---|---|---|
| Nigeria | 7.5% | Source: PWC Worldwide Tax Summaries — Nigeria (Corporate, Other taxes) · as of 2026-05-29 |
| Venezuela | 16% | Source: PWC Worldwide Tax Summaries — Venezuela (Corporate, Other taxes) · as of 2026-01-12 |
| Difference | −8.5 pp | Venezuela higher |
Venezuela's VAT rate is 8.5pp higher than Nigeria's (16% vs 7.5%). The 181-country average is 15%: Nigeria sits below it, Venezuela sits above it.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Nigeria | 25% | Source: PwC Worldwide Tax Summaries — Nigeria (Individual, Income determination) · as of 2026-05-29 |
| Venezuela | 1% | Source: PWC Worldwide Tax Summaries — Venezuela (Individual, Income determination) · as of 2026-01-12 |
| Difference | +24 pp | Nigeria higher |
Nigeria's capital gains tax rate is 24pp higher than Venezuela's (25% vs 1%). The 175-country average is 10.3%: Nigeria sits above it, Venezuela sits below it.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Nigeria | 0% | Source: PWC Worldwide Tax Summaries — Nigeria (Individual, Other taxes) · as of 2026-05-29 |
| Venezuela | 0.3% | Source: PWC Worldwide Tax Summaries — Venezuela (Individual, Other taxes) · as of 2026-01-12 |
| Difference | −0.3 pp | Venezuela higher |
Venezuela's wealth tax rate is 0.3pp higher than Nigeria's (0.3% vs 0%). The 193-country average is 0.1%: Nigeria sits below it, Venezuela sits above it.
Not covered for both countries yet: Crypto Tax.