DT14401 - Nigeria: Admissible and inadmissible taxes

Admissible for credit under the agreement:

Personal income tax

Companies income tax, including the 2½per cent federal tax charged on turnover of businesses in building and construction industry.

Capital gains tax

Petroleum profits tax

Education tax. (Admissible by virtue of Article 2(2))

Admissible for unilateral relief:

Contributions to National Recovery Fund

Inadmissible:

Special levy on excess profits of banks