{"id":11919,"date":"2026-07-14T10:31:35","date_gmt":"2026-07-14T10:31:35","guid":{"rendered":"https:\/\/villpress.com\/?p=11919"},"modified":"2026-07-14T10:31:51","modified_gmt":"2026-07-14T10:31:51","slug":"nigeria-and-hong-kong-sign-comprehensive-double","status":"publish","type":"post","link":"https:\/\/villpress.com\/zh\/nigeria-and-hong-kong-sign-comprehensive-double\/","title":{"rendered":"Nigeria and Hong Kong Sign Comprehensive Double Taxation Agreement"},"content":{"rendered":"<p class=\"wp-block-paragraph\">Nigeria and the Hong Kong Special Administrative Region have signed a landmark agreement to eliminate double taxation on income and prevent tax evasion, aiming to deepen economic ties and boost cross-border investment.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The comprehensive avoidance of double taxation agreement (CDTA) was signed virtually on July 13, 2026, by Nigeria\u2019s Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, and Hong Kong\u2019s Secretary for Financial Services and the Treasury, Christopher Hui.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The pact sets out the allocation of taxing rights between the two jurisdictions. It reduces withholding tax rates on dividends, interest, and royalties for Hong Kong residents from 10% to 7.5%. Hong Kong residents will receive credits for taxes paid in Nigeria on the same income.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This marks Hong Kong\u2019s 59th CDTA and is expected to provide greater certainty for businesses and investors operating between the two economies. Oyedele described the agreement as a milestone in Nigeria\u2019s efforts to create a transparent and investor-friendly tax environment.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The agreement will enter into force after completion of ratification procedures in both jurisdictions. In Hong Kong, it will require an order under the Inland Revenue Ordinance, subject to legislative scrutiny.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Nigeria and Hong Kong have growing commercial links, with the DTA intended to facilitate trade, investment, and economic cooperation. It forms part of Nigeria\u2019s broader strategy to expand its network of tax treaties.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Further details on specific provisions will be available once the full text is published following ratification.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/villpress.com\/support-villpress\/\"><img loading=\"lazy\" decoding=\"async\" width=\"926\" height=\"365\" src=\"https:\/\/villpress.com\/wp-content\/uploads\/2026\/05\/Support-Villpress-Journalism-new.png\" alt=\"Support Villpress Journalism\" class=\"wp-image-10783\" \/><\/a><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>","protected":false},"excerpt":{"rendered":"<p>Nigeria and the Hong Kong Special Administrative Region have signed a landmark agreement to eliminate double taxation on income and prevent tax evasion, aiming to deepen economic ties and boost cross-border investment. The comprehensive avoidance of double taxation agreement (CDTA) was signed virtually on July 13, 2026, by Nigeria\u2019s Minister of Finance and Coordinating Minister [&hellip;]<\/p>\n","protected":false},"author":31579,"featured_media":11920,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false,"footnotes":""},"categories":[105],"tags":[],"ppma_author":[452],"class_list":["post-11919","post","type-post","status-publish","format-standard","has-post-thumbnail","category-news"],"authors":[{"term_id":452,"user_id":31579,"is_guest":0,"slug":"estherspeaks","display_name":"Esthy Speaks","avatar_url":"https:\/\/secure.gravatar.com\/avatar\/cdcaf0f94087bbfcad372d974a1a697382dc93112457104ff6535cf4984ea4de?s=96&d=mm&r=g","author_category":"1","first_name":"Esthy","last_name":"Speaks","user_url":"https:\/\/villpress.com\/","job_title":"","description":"Ester Speaks is a senior reporter and newsroom strategist at Villpress, where she shapes Africa-focused business, technology, and policy coverage.\u00a0 She works at the intersection of journalism, and editorial systems, producing clear, high-impact news that travels globally while staying rooted in African realities."}],"_links":{"self":[{"href":"https:\/\/villpress.com\/zh\/wp-json\/wp\/v2\/posts\/11919","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/villpress.com\/zh\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/villpress.com\/zh\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/villpress.com\/zh\/wp-json\/wp\/v2\/users\/31579"}],"replies":[{"embeddable":true,"href":"https:\/\/villpress.com\/zh\/wp-json\/wp\/v2\/comments?post=11919"}],"version-history":[{"count":1,"href":"https:\/\/villpress.com\/zh\/wp-json\/wp\/v2\/posts\/11919\/revisions"}],"predecessor-version":[{"id":11921,"href":"https:\/\/villpress.com\/zh\/wp-json\/wp\/v2\/posts\/11919\/revisions\/11921"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/villpress.com\/zh\/wp-json\/wp\/v2\/media\/11920"}],"wp:attachment":[{"href":"https:\/\/villpress.com\/zh\/wp-json\/wp\/v2\/media?parent=11919"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/villpress.com\/zh\/wp-json\/wp\/v2\/categories?post=11919"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/villpress.com\/zh\/wp-json\/wp\/v2\/tags?post=11919"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/villpress.com\/zh\/wp-json\/wp\/v2\/ppma_author?post=11919"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}