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Nigeria: Income tax treaty with Singapore pending ratification

Nigeria: Income tax treaty with Singapore

An income tax treaty between Nigeria and Singapore is pending ratification in Nigeria.


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The treaty (signed in August 2017) includes a new definition of permanent establishment; reduced rates of withholding tax on dividends, interest, and royalties; provisions concerning interest on funds connected with the operations of ships or aircraft in international traffic; and rules on the taxation of capital gains.

The treaty was ratified by Singapore earlier in 2018. Before the treaty can enter into force, it must be ratified by Nigeria’s National Assembly. 


Read a December 2018 report [PDF 117 KB] prepared by the KPMG member firm in Nigeria

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