The Federal Authorities, led by the Govt Chairman of the Nigeria Income Service (NRS), Dr. Zaach Adedeji, on Monday met with prime executives of the worldwide skilled companies agency, KPMG, following issues and disagreements over the implementation of the brand new tax legal guidelines.
In response to a publish on its official X (previously Twitter) account, the NRS mentioned the assembly passed off throughout a courtesy go to by the highest officers of KPMG to the NRS Govt Chairman in his workplace in Abuja, as intense debate on the implications of this new tax framework rages on.
Adedeji, throughout the assembly, clarified some areas of concern within the new tax legal guidelines that have been misconstrued and misrepresented.
Preliminary fears clarified
Whereas the KPMG group famous that their earlier opinion on the brand new tax legal guidelines had been misconstrued and expressed remorse over the misunderstanding, it was mentioned to have sought additional readability on the provisions of the legal guidelines and highlighted areas the place suggestions might be made.
Each events acknowledged that variations in interpretation had contributed to confusion amongst taxpayers and agreed that sustained dialogue was mandatory to deal with rising points.
The group additionally recommended the Govt Chairman for the efficient and well timed implementation of the reforms and famous that their preliminary apprehensions had been considerably allayed.
The NRS publish reads, “The Govt Chairman of the Nigeria Income Service (NRS), Dr. Zacch Adedeji, at the moment acquired a delegation of prime administration from KPMG on a courtesy go to. The KPMG executives recommended the Govt Chairman for his management and the well timed implementation of the brand new tax legal guidelines, noting that their preliminary apprehensions have been considerably allayed.
“They affirmed that the reforms are each mandatory and well timed, and pledged continued skilled engagement in assist of efficient tax administration and nationwide financial progress.’’
What you must know
Recall that on January 8, 2026, KPMG report titled “Nigeria’s New Tax Legal guidelines: Inherent Errors, Inconsistencies, Gaps and Omissions,” expressed issues over some points of the legal guidelines, together with the taxation of shares, dividend therapy, non-resident obligations, and overseas trade deductions.
It warned that flaws and gaps in Nigeria’s new tax legal guidelines might spark disputes, deter funding, and result in capital flight.
It then known as for a evaluation of the tax legal guidelines, noting that the “errors, inconsistencies, gaps, omissions, and lacunae” urgently required reconsideration.
Nevertheless, in its response, the Chairman of the Presidential Fiscal Coverage and Tax Reforms Committee, Taiwo Oyedele, faulted key observations made by KPMG on Nigeria’s newly enacted tax legal guidelines.
The committee argued that many of the points raised mirror misunderstandings of coverage intent reasonably than real errors.
In response to the committee, lots of the points labelled by KPMG as “errors,” “gaps,” or “omissions” fall into 5 broad classes: the agency’s personal analytical errors, failure to correctly perceive the reforms, missed reform context, disagreement with deliberate coverage selections, and clerical points already recognized internally.
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