The Netherlands reveals how Nigeria can double taxation under Nigeria's new tax laws

The Executive Chairman of the Federal Inland Revenue Service, Dr. Zacch Adedeji, hosted a delegation led by His Excellency Bengt van Loosdrecht, Ambassador of the Kingdom of the Netherlands to Nigeria, for the opening ceremonial of the renegotiation of the Double Taxation Agreement betwixt Nigeria and the Netherlands. 

The lawsuit took spot astatine the Revenue House successful Abuja connected Monday, July 7, 2025, and marked the opening of a caller signifier successful Nigeria’s planetary taxation relations.

Following the signing of the Tax Reform Bill into instrumentality by President Bola Ahmed Tinubu (GCFR) connected June 26, 2025, involvement successful Nigeria’s caller taxation operation has already started to grow. 

Ambassador of the Kingdom of the Netherlands to Nigeria, His Excellency Bengt van Loosdrecht and FIRS Chairman, Adedeji. Credit: FIRS
Source: Original

Stakeholders respond to caller taxation laws

In little than a week, some section and planetary stakeholders person begun to respond. Among them is the Kingdom of the Netherlands, 1 of Nigeria’s long-standing commercialized and concern partners, which is present the archetypal overseas authorities to statesman ceremonial talks with Nigeria to renegotiate its existing taxation agreement. 

The purpose is to bring the statement successful enactment with the caller reforms and region outdated terms, particularly those relating to treble taxation, which nary longer bespeak the existent realities.

Dr. Zacch welcomed the delegation connected behalf of the President, Government, and radical of the Federal Republic of Nigeria. He described the sojourn arsenic timely, particularly considering caller changes successful some home and planetary taxation systems. 

He said:

“Recent developments successful the home and planetary taxation scenery person made the reappraisal of the existing statement unavoidable.

Particularly, the taxation reforms being carried retired by our government, planetary measures against Base Erosion and Profit Shifting (BEPS), and different evolving planetary taxation standards volition render the extant statement out-of-date.”

He further emphasised that the discussions align with the argumentation absorption of the existent medication and bespeak Nigeria’s committedness to a transparent and just process.

The Netherlands envoy commends Nigeria's taxation laws

“This renegotiation meets with the argumentation objectives of the ongoing fiscal and taxation reforms initiated by the medication of President Bola Ahmed Tinubu. We are committed to broadening the home taxation base, strengthening taxation administration, and ensuring that our taxation strategy supports inclusive economical growth.”

In his remark, the Ambassador of the Kingdom of the Netherlands to Nigeria, His Excellency Bengt van Loosdrecht, expressed appreciation for the lukewarm invited and highlighted the tone of practice guiding the negotiations. 

He stated:

“The information that we conscionable present contiguous is an denotation of the goodwill and the bully religion with which we privation to conscionable with each other. And I tin guarantee you that my colleagues from the Netherlands volition enactment successful bully faith. That is ever an important ground for bully negotiations.”

Nigeria's caller taxation laws: What bash they mean?

Reflecting connected the quality of pact talks, helium expressed optimism astir the process and the teams involved;

“Ultimately, a pact is astir uncovering communal crushed and gathering upon that communal ground. I cognize some of our sides person precise competent, nonrecreational teams, and I americium assured we volition person a precise fruitful week.”

The taxation betterment bills precocious signed into instrumentality see the Nigeria Tax Act, the Nigeria Tax Administration Act, the Nigeria Revenue Service (Establishment) Act, and the Joint Tax Board (Establishment) Act. These Acts restructure however taxes are managed successful Nigeria. 

President Bola Tinubu orders FIRS Chairman, Zaach Adedeji, connected caller taxation laws. Credit: State House.
Source: Twitter

The adjacent six months volition beryllium utilized to harmonise taxation data, instrumentality the recently signed laws, and enactment systems successful spot up of the January 1, 2026 takeoff of the Nigeria Revenue Service. This modulation play volition besides screen the reappraisal of existing taxation agreements to guarantee they bespeak the provisions of the caller reforms.

Nigeria's taxation strategy acceptable for large overhaul

Legit.ng earlier reported that Nigerians volition experience an improved and much transparent taxation work delivery, the Federal Inland Revenue Service (FIRS) has promised.

The FIRS has revised its Standard Operating Procedure (SOP) successful a determination to amended consistency and seamless work successful taxation postulation and administration.

This was contained successful a connection signed by Mr. Collins Omokaro, the Special Adviser connected Communication Strategy and Advocacy to the Executive Chairman of FIRS, and released connected Monday, 9 June 2025.

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Source: Legit.ng