⚖️ 🇳🇬 Nigeria vs 🇲🇻 Maldives
📊 AT A GLANCE
| Metric | 🇳🇬 Nigeria | 🇲🇻 Maldives |
|---|---|---|
| Top Personal Income Tax | 25.00% | 15.00% |
| Effective Top PIT Rate | 25.00% | 15.00% |
| Corporate Tax Rate | 30.00% | 15.00% |
| VAT / GST | 7.50% (VAT) | 8.00% (GST) |
| Tax System | Worldwide | Worldwide |
| Tax Treaties | 17 | 5 |
💰 INCOME TAX RATES
| Rate | Nigeria | Maldives |
|---|---|---|
| Top PIT Rate | 25.00% | 15.00% |
| Effective Top PIT | 25.00% | 15.00% |
| Capital Gains Tax | 30.00% | 0.00% |
| CG Notes | Capital gains taxed at 10% on disposal of chargeable assets. Small companies (turnover below NGN 100M) exempt from CGT. | No specific capital gains tax. |
| SS Employee | 8.00% | 7.00% |
| SS Employer | 10.00% | 7.00% |
🏦 WITHHOLDING RATES
| Type | Nigeria | Maldives |
|---|---|---|
| Dividend WHT | 10.00% | 10.00% |
| Interest WHT | 10.00% | 10.00% |
| Royalty WHT | 10.00% | 10.00% |
📋 OTHER TAXES
| Tax | Nigeria | Maldives |
|---|---|---|
| Corporate Tax | 30.00% | 15.00% |
| Inheritance Tax | — | — |
| Wealth Tax | — | — |
🔧 TAX FEATURES
| Feature | Nigeria | Maldives |
|---|---|---|
| Personal Income Tax | Yes | Yes |
| Capital Gains Tax | Yes | No |
| Corporate Tax | Yes | Yes |
| VAT / GST | Yes | Yes |
| Wealth Tax | No | No |
| Inheritance Tax | No | No |
| Exit Tax | No | No |
| CFC Rules | Yes | No |
| Digital Services Tax | No | No |
| Crypto-Specific Rules | No | No |
| Participation Exemption | No | No |
| Territorial Exemption | No | No |
🌟 SPECIAL REGIMES
| Regime | Nigeria | Maldives |
|---|---|---|
| Digital Nomad Tax Regime | No | No |
| Non-Dom Regime | No | No |
📅 RESIDENCY & FILING
| Detail | Nigeria | Maldives |
|---|---|---|
| Residency Threshold | 183 days | 183 days |
| Residency Rules | Resident if present in Nigeria for 183+ days in a 12-month period, or has principal place of residence, or serves as a director of a Nigerian company. | Resident if present 183+ days or has permanent place of abode in Maldives. |
| Filing Deadline | March 31 | June 30 |
| Auto Extension | No | No |
| Filing Notes | Annual PIT return due March 31. PAYE is remitted monthly by employers. | — |