Nigeria, Netherlands renegotiate double taxation agreement to strengthen economic ties, tax transparency
Abdullateef Fowewe
The Executive Chairman of the Federal Inland Revenue Service, Dr Zacch Adedeji, received a high-level delegation from the Kingdom of the Netherlands, led by Ambassador Bengt Van Loosdrecht.
The meeting according to a statement obtained from the FIRS marked a significant step in strengthening bilateral relations, reflecting renewed international confidence in Nigeria’s economic reforms.
The statement noted that the entral to the discussions was the renegotiation of the Double Taxation Agreement (DTA) between Nigeria and the Netherlands.
This move aligns with Nigeria’s commitment to modernise its tax framework, following the bold fiscal and tax reforms introduced under President Bola Tinubu’s administration.
Adedeji emphasized the importance of the agreement, stating, “This renegotiation is consistent with our push for greater tax transparency, fairness, and alignment with global standards to tackle Base Erosion and Profit Shifting (BEPS).”
Key highlights of the meeting as stated in the statement were: Renegotiation of the Double Taxation Agreement (DTA) to prevent double taxation for individuals and businesses operating in both countries
Commitment to strengthen longstanding diplomatic and economic ties between Nigeria and the Netherlands.
The updated agreement ensures tax certainty and aligns with global best practices for transparent and modern tax systems, replacing outdated provisions.
Supports the fiscal policy goals of President Bola Ahmed Tinubu’s reform agenda.
The negotiation process is described as collaborative, transparent, and mutually beneficial.
