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Daily Archive 2021年1月3日

In brief: money laundering offences in NigeriaSofunde Osakwe Ogundipe & Belgore

Sofunde Osakwe Ogundipe & Belgore   Which government entities enforce your jurisdiction’s money laundering laws? The government entities that enforce the provisions of the Money Laundering (Prohibition) Act and the Money Laundering (Prohibition) (Amendment) Act (together, the Money Launder ……

Nigeria’s Cash Tax Is a Bad Idea

  J.P. Koning  – October 22, 2019       Last month, the Nigerian monetary authorities announced that they will be rolling out a national tax on cash. When Nigerian individuals or businesses deposit large amounts of cash at a bank, they will have to pay up to 3 percent in fees. And when they withdraw ……

Why Dubai is a particularly enticing destination for elite investment

Digest from article Dubai Property: An Oasis for Nigeria’s Corrupt Political Elites There are four reasons that, when taken together, explain why Dubai’s property market is a particularly enticing destination for elite investment: Accessibility. Dubai is a major transportation hub and the home of Em ……

Dubai Property: An Oasis for Nigeria’s Corrupt Political Elites

Dubai Property: An Oasis for Nigeria’s Corrupt Political Elites For Nigeria’s corrupt political elites, Dubai is the perfect place to stash their ill-gotten gains and enjoy luxury real estate worth millions. But unless authorities stop turning a blind eye, the long-term costs to Nigeria’s econ ……

Individual – Foreign tax relief and tax treaties

Last reviewed – 17 July 2020 Foreign tax relief Foreign tax payable in respect of income in a country with which Nigeria has a DTT is allowed as a credit against tax payable in respect of that income in Nigeria. Tax treaties Nigeria has DTTs with Belgium, Canada, China, Czech Republic, France, ……

Hong Kong (HK) signed a comprehensive double taxation agreement (CDTA) with United Arab Emirates (UAE)

ADDED 12/15/2014 Hong Kong (HK) signed a comprehensive double taxation agreement (CDTA) with United Arab Emirates (UAE) in Dubai on 11 December 2014. This is the 32nd CDTA concluded by HK. The CDTA sets out the allocation of taxing rights between the two jurisdictions and eliminates double taxation ……

PHILIPPINE DOUBLE TAXATION AGREEMENTS

PHILIPPINE DOUBLE TAXATION AGREEMENTS (“DTA”)CountryEffectivityDate and Venue of Signature  Australia January 1, 1980 May 11, 1979Manila, Philippines Austria January 1, 1983 April 4, 1981Vienna, Austria Bahrain January 1, 2004  November 7, 2001Manila, Philippines Bangladesh Jan ……