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 rate to 7.5% on dividend, interest, and royalty payments to residents of treaty countries. As provided in the latest information circular, the unilateral withholding tax rate reduction is no longer applied from 1 July 2022. From that date, domestic withholding tax rates apply...