Tax Alert

This alert contains:

Nigeria enters Tax treaty agreement with ECOWAS member countries

Background

In addition to the 16 Double Tax Treaty Agreements that Nigeria has in force, Nigeria (through an Order signed by the Minister of Finance on 1st May 2023) has now adopted the Community rules for the Elimination of Double Taxation (taxes on Income, Capital, and Inheritance) Order 2023 with member states of the Economic Community of West African State (ECOWAS). These rules have been concluded with the 14 partners within the ECOWAS bloc1.


Some key provisions in the Community Rules
  • Entry into force
  • Permanent Establishment (PE) rules
  • Passive Income
  • Shipping, Road and Airline Operations

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Chijioke Uwaegbute

Chijioke Uwaegbute

Partner & Tax Leader, PwC Nigeria

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Kenneth Erikume

Partner, PwC Nigeria

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Esiri Agbeyi

Africa Family Business Leader, PwC Nigeria

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Seun Adu

Partner, PwC Nigeria

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