• News
  • Business
  • Opportunities
  • Articles & Resources
  • Spotlight
  • Views
    • Interviews
    • Opinions
  • MSME Jobs
  • More
    • Africa
    • World
  • webmail
  • Terms of Use
MSME Africa
  • News
  • Business
  • Opportunities
  • Articles & Resources
  • Spotlight
  • Views
    • Interviews
    • Opinions
  • MSME Jobs
  • More
    • Africa
    • World
  • webmail
  • Terms of Use
No Result
View All Result
  • News
  • Business
  • Opportunities
  • Articles & Resources
  • Spotlight
  • Views
    • Interviews
    • Opinions
  • MSME Jobs
  • More
    • Africa
    • World
  • webmail
  • Terms of Use
No Result
View All Result
MSME Africa
No Result
View All Result

Nigeria, Netherlands Begin Talks to Update Outdated Tax Treat

Olusola Blessing by Olusola Blessing
July 8, 2025
in Business, News
0
Nigeria, Netherlands Begin Talks to Update Outdated Tax Treat
Share

Nigeria and the Kingdom of the Netherlands have begun formal renegotiations of their Double Taxation Agreement (DTA), marking the first such engagement since President Bola Ahmed Tinubu signed sweeping tax reforms into law on June 26, 2025. The talks signal Nigeria’s commitment to modernizing its international tax framework in line with domestic reforms and evolving global standards.

The opening ceremony of the renegotiation was held on Monday at the Revenue House in Abuja. It was hosted by the Executive Chairman of the Federal Inland Revenue Service (FIRS), Dr. Zacch Adedeji, and attended by a high-level Dutch delegation led by the Netherlands’ Ambassador to Nigeria, Bengt van Loosdrecht.

Dr. Adedeji described the talks as both timely and necessary, pointing to recent developments that have rendered the existing tax agreement outdated. He highlighted the government’s ongoing tax reforms, global measures against Base Erosion and Profit Shifting (BEPS), and international shifts in tax policy as factors demanding a comprehensive review of the current treaty.

“These reforms are part of the Tinubu administration’s broader fiscal strategy to expand Nigeria’s tax base, strengthen tax administration, and ensure the tax system contributes to inclusive economic growth,” he said.

The Netherlands, one of Nigeria’s most consistent trade and investment partners, is the first country to formally engage Nigeria on updating its tax treaty under the new legal framework. The existing DTA, designed to prevent double taxation on cross-border income, no longer aligns with Nigeria’s newly modernized tax regime.

Ambassador van Loosdrecht expressed optimism about the process, noting the cooperative spirit between both delegations. “The fact that we meet here today is an indication of goodwill and the good faith in which we want to meet each other. Ultimately, a treaty is about finding common ground and building upon it,” he said.

The talks come amid preparations for the official launch of the Nigeria Revenue Service on January 1, 2026, a key outcome of the newly enacted tax laws. These include the Nigeria Tax Act, the Nigeria Tax Administration Act, the Nigeria Revenue Service (Establishment) Act, and the Joint Tax Board (Establishment) Act — collectively seen as the most extensive overhaul of the nation’s tax system in decades.

In the next six months, FIRS will focus on harmonizing tax data, deploying new systems, and reviewing existing international tax treaties to reflect Nigeria’s updated fiscal structure.

Post Views: 4
Share

Related Posts:

  • MSME Africa Unveils Top 50 Remarkable MSME Founders 2023, Awards them $25,000 in Media Credits
    MSME Africa Unveils Top 50 Remarkable MSME Founders…
  • Best Cities to live as an Entrepreneur in Nigeria
    Ultimate 2025 Guide to the Top Business Enabling…
  • images (28)
    Nigeria President Signs Four Tax Reform Bills,…
  • images (5)
    FIRS Directs Banks to Close Unauthorized Tax…
  • African economies are projected to recover this year
    African economies are projected to recover this year…
  • FIRS Launches USSD Code to Simplify Tax Processes for Nigerians
    FIRS Launches USSD Code to Simplify Tax Processes…
Tags: FIRSNetherlands
Previous Post

FG Sets 16 Years as Minimum Age for University Admission, Moves to Tackle Exam Malpractice

Next Post

Lagos Govt Announces Commencement Dates for Seven New Laws

Next Post
Lagos Govt Announces Commencement Dates for Seven New Laws

Lagos Govt Announces Commencement Dates for Seven New Laws

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

No Result
View All Result
Join MSME on Whatsapp
Subscribe To Our Newsletter
Enter your email to receive a weekly round-up of our best posts. Learn more!
icon
By subscribing, you agree with our privacy policy and our terms of service.

Recent Posts

  • 5 Top Nigerian Government Agencies Offering Grants for MSMEs in 2025 (and How to Apply)
  • Public Notice – Call For Expressions of Interest (EOI) to Serve as Accelerator Programs under the LASMECO MSME Finance Scheme
  • Lagos Govt Announces Commencement Dates for Seven New Laws
  • Nigeria, Netherlands Begin Talks to Update Outdated Tax Treat
  • FG Sets 16 Years as Minimum Age for University Admission, Moves to Tackle Exam Malpractice

Recent Comments

  • 10 Reasons Why SMEs Should Invest in Video Marketing - MSME Africa on How to Create Viral Videos for Social Media in 2024
  • link alay4d on 5 Nigerian-based Companies Providing Accelerator Programs for Startups in 2024
  • Damilare Oladeji on Nigerian Government Agencies that Support Entrepreneurship in 2024
  • situs alay4d on 50 Best Tools to Boost Your Productivity as an Entrepreneur in 2025
  • Otabor Osayomore Blessing on Ultimate 2025 Guide to the Top Business Enabling Cities for Startup Founders and Entrepreneurs in Nigeria
  • About us
  • Advertise with Us
  • Contact Us
  • Home
  • News
  • Newsletter
  • Submit News
  • Terms of Use

© 2023 MSME Africa - All rights reserved.

No Result
View All Result
  • About us
  • Advertise with Us
  • Contact Us
  • Home
  • News
  • Newsletter
  • Submit News
  • Terms of Use

© 2023 MSME Africa - All rights reserved.