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South Africa vs Nigeria Tax Comparison
Side-by-side comparison of tax rates and systems
Tax Rate Comparison
Rate Comparison
Top Income Tax
South Africa45%
Nigeria24%Lower
Corporate Tax
South Africa27%Lower
Nigeria30%
Capital Gains
South Africa18%
Nigeria10%Lower
VAT / Sales Tax
South Africa15%
Nigeria7.5%Lower
| Category | South Africa | Nigeria |
|---|---|---|
| Tax System | Progressive | Progressive |
| Top Income Tax | 45% | 24% |
| Corporate Tax | 27% | 30% |
| Capital Gains | 18% | 10% |
| VAT / Sales Tax | 15% | 7.5% |
| Crypto Tax | Yes | Yes |
| Wealth Tax | No | No |
| Tax Treaties | 80 | 17 |
| Currency | ZAR | NGN |
The bottom line: South Africa vs Nigeria
Nigeria has the lower headline rate on 3 of the four main taxes (income, corporate, capital gains and VAT), making it the lighter-taxed of the two on paper. South Africa runs a progressive tax system, while Nigeria uses a progressive one. South Africa has the wider tax-treaty network (80 agreements), which can reduce withholding tax on cross-border income.
- Income tax: Nigeria is lower (45% vs 24%)
- Corporate tax: South Africa is lower (27% vs 30%)
- Capital gains tax: Nigeria is lower (18% vs 10%)
- VAT / sales tax: Nigeria is lower (15% vs 7.5%)