Update - Tax Treaty between Nigeria and Turkey

The income tax treaty between Nigeria and Turkey was signed on 20 October 2021. The treaty is the first of its kind between the two countries.

Taxes Covered

The treaty covers Nigerian personal income tax, companies income tax, petroleum profits tax, capital gains tax, tertiary education tax, and the information technology levy. It covers Turkish income tax and corporate tax.

Natural Resources PE

The treaty includes the provision that a permanent establishment will be deemed constituted …