The Federal Inland Revenue Service (FIRS) has commenced renegotiation of the Double Taxation Agreement between Nigeria and the Netherlands. The Executive Chairman of FIRS, Dr. Zacch Adedeji, hosted a delegation led by the Ambassador of the Kingdom of the Netherlands to Nigeria, His Excellency Bengt van Loosdrecht, for the opening ceremony of the renegotiation.

The renegotiation follows the signing of the Tax Reform Bill into law by President Bola Ahmed Tinubu on June 26, 2025. The new tax structure has generated interest among local and international stakeholders, with the Netherlands being the first foreign government to begin formal talks with Nigeria to renegotiate its existing tax agreement.

The renegotiation aims to bring the agreement in line with the new reforms and remove outdated terms, especially those relating to double taxation that no longer reflect current realities. Dr. Zacch emphasized that the discussions align with the policy direction of the current administration and reflect Nigeria’s commitment to a transparent and fair process.

The FIRS Executive Chairman noted that recent developments in domestic and global tax systems have made the review of the existing agreement unavoidable. He emphasized Nigeria’s commitment to broadening the domestic tax base, strengthening tax administration, and ensuring that the tax system supports inclusive economic growth.

The Ambassador of the Kingdom of the Netherlands to Nigeria, His Excellency Bengt van Loosdrecht, noted that the renegotiation is an indication of the goodwill and good faith between the two countries and expressed confidence that the negotiations will be fruitful. The renegotiation is expected to ensure that the agreement reflects the provisions of the new tax reforms and supports the economic interests of both countries.