The Presidential Fiscal Policy and Tax Reforms Committee has addressed observations made by KPMG regarding Nigeria’s newly enacted tax laws, clarifying that most issues highlighted arise from a misunderstanding of policy intent rather than defects in the legislation.
In a statement released on Friday, the Committee said it reviewed KPMG’s commentary and acknowledged that certain concerns—particularly relating to implementation timelines and minor clerical matters—were valid and would be addressed.
However, the Committee emphasized that the majority of the consulting firm’s claims misrepresented deliberate policy decisions or presented areas of policy disagreement as technical errors.
According to the Committee, the reforms were carefully crafted to simplify the tax system, improve compliance, boost revenue mobilisation, and reduce the burden on low-income earners, in line with the Federal Government’s broader fiscal reform agenda.
The statement further noted that stakeholder engagement remains ongoing, assuring that constructive feedback aimed at strengthening implementation will continue to be welcomed.
The Committee urged analysts and stakeholders to clearly differentiate between policy design choices and administrative issues, stressing that accurate interpretation is essential to achieving the objectives of the new tax framework.
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