Nigeria Issues Guidelines on Mutual Agreement Procedure

The Federal Inland Revenue Service in Nigeria issues guidelines on the Mutual Agreement Procedure (MAP) and Certificate of Residency Forms for taxpayers who intend to take advantage of the MAP. The guidelines represent a significant step towards implementing the recommendations of the Organisation f...

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Bibliographic Details
Published in:Journal of International Taxation 2019-06, Vol.30 (6), p.14-16
Main Authors: Olaogun, Dele A, Abudu, Akinbiyi
Format: Article
Language:English
Subjects:
Appeals
Confidentiality
Court decisions
Double taxation
Foreign residents
International taxation
Multinational corporations
Tax services
Tax treaties
Taxation
Taxpayers
Transfer pricing
Treaties
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Summary:The Federal Inland Revenue Service in Nigeria issues guidelines on the Mutual Agreement Procedure (MAP) and Certificate of Residency Forms for taxpayers who intend to take advantage of the MAP. The guidelines represent a significant step towards implementing the recommendations of the Organisation for Economic Co-operation and Development Base Erosion and Profit Shifting Action 14. The MAP is a means through which competent authorities interact with each other to resolve international taxation disputes in instances where there are inconsistencies regarding the interpretation or application of the various Double Tax Treaties and its treaty partners. Nigerian resident or a person resident in a Treaty Country may apply for MAP, where it considers that the actions of either or both Nigeria and its Treaty Country's tax authorities.
ISSN:1049-6378