Nigeria (NG)

Jurisdiction Overview

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

Notes

 
"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" (deloitte.com)

Sources

https://www2.deloitte.com/content/dam/Deloitte/za/Documents/tax/za_Key_Fiscal_Guide_2018_17518.pdf