Nigeria, Hong Kong sign double taxation treaty to boost trade, investment

Contributing sentiments towards policy:

67% : The agreement forms part of Nigeria's broader strategy to expand its network of tax treaties, strengthen international tax cooperation and create a more competitive environment for global investors seeking opportunities in the country's economy.
60% : Speaking at the signing ceremony, Oyedele described the treaty as a major milestone in the growing economic and commercial relationship between Nigeria and Hong Kong, noting that it reinforces Nigeria's commitment to creating a transparent, predictable and investor-friendly tax environment.
58% : The Agreement for the Elimination of Double Taxation with Respect to Taxes on Income and the Prevention of Tax Evasion and Avoidance was signed during a virtual ceremony on Sunday by the Minister of Finance and Coordinating Minister of the Economy, Mr. Taiwo Oyedele, on behalf of Nigeria, and Hong Kong's Secretary for Financial Services and the Treasury, Mr. Christopher Hui.
47% : Nigeria and the Hong Kong Special Administrative Region of the People's Republic of China have signed a landmark agreement aimed at eliminating double taxation, preventing tax evasion, and deepening economic cooperation between the two jurisdictions.
45% : Analysts say such treaties are important tools for attracting foreign direct investment, enhancing investor confidence, and promoting international trade by providing a clear framework for taxation of cross-border business activities.
40% : The double taxation agreement is expected to eliminate the burden of taxing the same income in both jurisdictions, reduce tax-related barriers to investment, and strengthen cooperation in combating tax evasion and avoidance.

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