FG begins six-week review of 2025 tax laws

The Federal Government of Nigeria has launched a six-week review of its 2025 tax laws to address implementation gaps, ambiguities, and unintended consequences that have emerged since the new tax reforms took effect in January 2026. The review, led by the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, will cover key areas such as Value Added Tax thresholds, withholding tax, capital gains treatment, and multiple taxation.

The recommendations from this review are expected to be included in the Finance Bill 2027. The exercise aims to refine and improve the tax regime, rather than reversing the 2025 reforms. Oyedele emphasized the importance of learning from implementation and responding to new economic realities, stating that the review will extend beyond taxation to cover fiscal policy, public financial management, debt, transparency, capital markets, and cross-border capital flows.

Brief written by urgent.news from Punch Nigeria's own syndicated text. Machine-written — may contain errors; check the original before relying on it.