The Brexit vote has not only shocked the EU and the rest of the world, it also left many citizens and residents of the United Kingdom themselves "fantastically stunned".

The Organisation for Economic Cooperation and Development (OECD) on Thursday 25 April 2019, published the full version of its 2017 Model Tax Convention on Income and Capital, the tenth edition.

"In business as in life, you don't get what you deserve, you get what you negotiate." - Karrass, Chester L.

It should be noted that there is no income tax in the UAE compared to Nigeria so it will be interesting to see how the double taxation avoidance treaty will be equally beneficial to both countries.

Nigeria and Singapore have signed a treaty for the avoidance of double taxation on income and capital gains tax between the two countries.

Yesterday (17 August 2017), Nigeria became a signatory to two major international multilateral instruments to address tax avoidance and evasion. These are the OECD's Multilateral Convention...

In furtherance of efforts to expand Nigeria's tax treaty network

On 14 June 2017, the Federal Executive Council (FEC) approved a memo submitted by the Minister of Finance seeking Nigeria's inclusion as a signatory...

Nigeria and Ghana have signed an agreement for the avoidance of double taxation between the two countries.

Nigeria's President has presented a bill to the lawmakers to enact a law that will give effect to the avoidance of double taxation agreements (DTAs) entered into at different times between Nigeria and Sweden, South Korea and Spain.

CMA is a French shipping company that is engaged in the transportation of goods from foreign sellers to recipients in Nigeria and from Nigerian sellers to buyers in other countries.

The Federal Government of Nigeria (FGN) concluded the negotiation of Double Taxation Agreements (the DTAs) with the Republic of Ghana and the Republic of Cameroon on 26 July 2018 and 3 August 2018, respectively.

The double tax agreement (DTA) between Nigeria and Spain had been awaiting ratification by the legislature for about nine years.

The Organisation for Economic Cooperation and Development (OECD), on 18 December 2017, released the 2017 edition of its Model Tax Convention on Income and Capital (MTC 2017).

This follows from the deposit of the fifth instrument of ratification by Slovenia today 22 March 2018.

ingapore has ratified the Double Tax Agreement (DTA) earlier signed between the country and Nigeria. See link to our previous tax alert.

Meanwhile, double taxation is the levying of tax more than once on the same declared income, asset or financial transaction, often by two or more jurisdictions.

Pursuant to the approval given by the Federal Executive Council in 2016, the Federal Government of Nigeria signed a double taxation treaty with the government of Singapore on Wednesday, 2 August 2017.

On 11th November 2020, the Federal Executive Council ("FEC" or "the Council") approved the ratification of the Agreement Establishing the African Continental Free Trade Area...

Federal Inland Revenue Service (FIRS), on 21 February 2019, issued guidelines setting out steps that taxpayers must follow for initiating Mutual Agreement Procedure (MAP).