dta facts nigeria

8/10/2019 DTA Facts Nigeria

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DTA: NIGERIAN EXPERIENCE

By

Kolawole Banwo

Snr. Program Officer, (Policy and legislative Advocacy),

Civil Society Legislative Advocacy Centre, CISLAC

International Tax Academy

December 1-6 2014


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A Tax Treaty Secretariat under the Tax Policy andLegislation Department of Federal Inland RevenueService responsible for handling all matters relating toinitiating, negotiating and concluding Tax Treaties;

A Nigerian Model Double Taxation Agreement in place butunder review

10 Double Taxation Agreements in force between Nigeria

and United Kingdom, France, Belgium, The Netherlands,Canada, Romania, Pakistan, South Africa, China and Italy(limited to Air and Shipping business);

IN PLACE


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An administrative arrangement on exchange ofinformation under the Tax Policy and LegislationDepartment of FIRS;

Relative capacity for sourcing the information

required from the relevant State InternalRevenue Service under EOI

There is an Exchange of information (EOI) Unitwith focal officers for EOI work;

Maintenance of records for exchange ofinformation requests.

There is a draft Exchange of Information

manual in place;

IN PLACE CONTD


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Absence of well- defined Tax Treaty Policy

and Strategies for negotiating Tax

Treaties; Lack of adequate negotiating skill on the

part of the Nigerian technocrats as

compared to their counterparts from theadvanced nations;

Poor Literacy level and Poor culture of

record keeping by businesses impact

ne ativel on exchan e of information

GAPS


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The need for improved skills of the personnel

responsible for carrying out EOI work.

CHALLENGES OF THE OFFICE OF COMPETENT AUTHORITY

CONTD-


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Capacity Building of the personnel

responsible for carrying out tax treaty

negotiation and exchange of information

work;

Preparation of a Revised Nigeria Model DTA

that will be aligned with current realities;

Articulating well defined Tax Treaty policy

and negotiation strategies for Nigeria based

on lessons learnt at the recently concluded

Tax treaty workshop;

WAY FORWARD


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Thank you for listening

dta facts nigeria

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