The income and capital tax treaty between Nigeria and the United Arab Emirates was signed on 18 January 2016. The treaty is the first of its kind between the two countries.
Taxes Covered
The treaty covers Nigerian personal income tax, corporate income tax, petroleum profit tax, capital gains tax, tertiary education tax, and the information technology levy. It covers U.A.E. income tax and corporate tax.
Income from Hydrocarbons
Article 3 (Income from Hydrocarbons) provides that the treat…