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ARTICLE · 11 AUGUST 2026

TEMPLARS Transcripts: Tax Digest | August 2026

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The August 2026 issue of TEMPLARS Tax Transcripts examines developments in treaty policy, fiscal administration, and stamp duty adjudication as Nigeria continues to align administrative practice with its new tax statutes. Key updates include the signing of a Double Taxation Agreement between Nigeria and Hong Kong, the commencement of the Green Tax surcharge on imported high-engine vehicles, and the Accountant-General's directive to discontinue the 1% stamp duty deduction on payments to contractors, vendors

NigeriaTax
Igonikon Adekunle
Igonikon Adekunle
Sesan Sulaiman
Sesan Sulaiman

Policy & Administration

Nigeria and Hong Kong Sign Double Taxation Agreement to Strengthen Cross-Border Trade and Investment

On 13 July 2026, the Federal Government of Nigeria and the Hong Kong Special Administrative Region (“HKSAR”) of the People's Republic of China signed the Agreement for the Elimination of Double Taxation with respect to Taxes on Income and the Prevention of Tax Evasion and Avoidance (the “DTA”). According to Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Mr Taiwo Oyedele, the DTA is intended to eliminate double taxation, enhance tax certainty, prevent tax evasion and avoidance, and promote cross-border trade and investment between both Countries.

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