Hong Kong and Nigeria: Income tax treaty signed
New treaty will enter into force once both jurisdictions complete their domestic ratification procedures.
Government officials from Hong Kong and Nigeria on July 13, 2026, signed an income tax treaty aimed at eliminating double taxation, reducing tax barriers, and enhancing certainty for cross-border investment and trade.
The agreement reduces the withholding tax rate on dividends, interest, and royalty payments from Nigerian entities to Hong Kong residents from 10% to 7.5% and introduces a tax credit mechanism to prevent double taxation of the same income.
The treaty also includes OECD-aligned anti-abuse provisions and will enter into force once both jurisdictions complete their domestic ratification procedures.
For more information, contact a KPMG tax professional in Hong Kong:
John Timpany | john.timpany@kpmg.com