OrbitaxNigeria Issues New Information Circular on Tax Treaty Benefits Including End of Reduced Withholding Tax Rate for Dividends, Interest, and Royalties
|Approved Changes|Nigeria
Nigeria's Federal Inland Revenue Services (FIRS) has published an Information Circular originally issued in May 2022 on claiming tax treaty benefits and commonwealth tax relief in Nigeria, replacing a similar Information Circular issued in June 2021. One of the key changes concerns the applicable withholding tax rates. Previously, Nigeria unilaterally applied a reduction in the withholding tax…
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