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The agreement provides for credit to be given for tax spared� (see INTM161270 & 161280) in Nigeria under the provisions of Nigerian law set out in Article 22(2).

Relief under this provision is not due for tax spared on a source of income arising in a period starting more than ten years after the Nigerian tax incentive was first granted.

All amounts of tax spared� for which credit relief is given should be reported as mentioned at INTM161290.