Hong Kong and Nigeria signed an income tax treaty on 13 July 2026, cutting withholding tax rates on dividends, interest, and royalties to 7.5% for Hong Kong residents and entities, down from Nigeria's standard 10% rate, pending ratification by both governments.
Hong Kong’s government has announced that Hong Kong and Nigeria signed an income tax treaty on 13 July 2026, marking Hong Kong’s 59th CDTA and fourth in 2026.
The treaty allocates taxing rights between the two jurisdictions and reduces Nigeria’s withholding tax rates on dividends, interest, and royalties from 10% to 7.5% for Hong Kong residents and companies.
The agreement will take effect after both governments complete ratification procedures, with Hong Kong requiring an order by the Chief Executive in Council and negative vetting by the Legislative Council.
