Nigeria (NG)

Jurisdiction Overview

558 *Natural Person, Resident (UR): Dividends Exemption.
 Data Date: 2018


"Foreign-source income of residents, arising from dividends, interest, rents, royalties, fees or commissions earned from abroad is exempt if brought into Nigeria in convertible currency and paid into a domiciliary account in a bank approved by the government. Income brought into Nigeria through domiciliary accounts via an authorised bank by athletes, playwrights, authors, musicians and artists (who are professionals) is exempt as well" (