Double Tax Relief in Relation to Business Income

Abstract

As companies seek to expand their operations, globally, a major regulatory bottleneck they encounter is that of Double Taxation. This portends a sort of nauseating feeling for investors who might find the tax burden too heavy to bear. Issues ranging from tax avoidance to outright evasion have emanated from this global operations by ‘big businesses’ and puts the double tax arrangement as a Check and motivation. Double Tax Relief is an elixir that guarantees investor’s protection based on a mutually benefitting arrangement between contracting states. This has culminated into several Tax Treaties based on the OECD guidelines. This paper will look into the Double Tax Relief in Nigeria and the pending issues with domestication of signed treaties.