The Federal Inland Revenue Service and the Kingdom of the Netherlands have on Monday commenced the renegotiation of the Double Taxation Agreement between Nigeria and the Netherlands.

In a statement on Monday, it was revealed that the Executive Chairman of FIRS, Dr Zacch Adedeji, hosted the delegation from the Netherlands led by the nation’s Ambassador to Nigeria, Bengt van Loosdrecht, at an event held at the Revenue House in Abuja.

The FIRS said the renegotiation marked the beginning of a new phase in Nigeria’s international tax relations. This meeting followed the signing of the Tax Reform Bills into law by President Bola Tinubu in June 2025. The tax acts include the Nigeria Tax Act, the Nigeria Tax Administration Act, the Nigeria Revenue Service (Establishment) Act, and the Joint Tax Board (Establishment) Act. These Acts restructure how taxes are managed in Nigeria.

With this move, the Netherlands, one of Nigeria’s long-standing trade and investment partners, is now the first foreign government to begin formal talks with Nigeria to renegotiate its existing tax agreement to bring it in line with the new reforms and remove outdated terms, especially those relating to double taxation.

Adedeji welcomed the delegation on behalf of the President, Government, and people of the Federal Republic of Nigeria. He described the visit as timely, considering recent changes in both domestic and global tax systems.

He said, “Recent developments in the domestic and global tax landscape have made the review of the existing agreement unavoidable. Particularly, the tax reforms being carried out by our government, global measures against Base Erosion and Profit Shifting and other evolving international tax standards will render the extant agreement out-of-date.”

He added that the discussions align with the policy direction of the current administration and reflect Nigeria’s commitment to a transparent and fair process.

“This renegotiation meets with the policy objectives of the ongoing fiscal and tax reforms initiated by the administration of President Bola Tinubu. We are committed to broadening the domestic tax base, strengthening tax administration, and ensuring that our tax system supports inclusive economic growth,” Adedeji affirmed.

In his remark, the Ambassador of the Kingdom of the Netherlands to Nigeria, van Loosdrecht, expressed appreciation for the warm welcome and highlighted the spirit of cooperation guiding the negotiations.

He noted, “The fact that we meet here today is an indication of the goodwill and the good faith with which we want to meet with each other. And I can assure you that my colleagues from the Netherlands will act in good faith. That is always an important basis for good negotiations.”

Reflecting on the nature of treaty talks, he expressed optimism about the process and the teams involved, van Loosdrecht said, “Ultimately, a treaty is about finding common ground and building upon that common ground. I know both of our sides have very competent, professional teams, and I am confident we will have a very fruitful week.”

The FIRS has said that the next six months will be used to harmonise tax data, implement the newly signed laws, and put systems in place ahead of the January 1, 2026 takeoff of the Nigeria Revenue Service.

“This transition period will also cover the review of existing tax agreements to ensure they reflect the provisions of the new reforms,” said FIRS.