FG Sets up Technical Committee to Review 2025 Tax Acts
• Recommendations to form part of 2027 finance bill •CSOs, others protest rising debt profile, demand end to excessive borrowing Ndubuisi Francis in Abuja The federal government has set up
The Nigerian federal government has established a technical sub-committee to scrutinize the 2025 Tax Acts, with a focus on identifying potential implementation ambiguity, unintended consequences, and areas where compliance can be streamlined. The committee, chaired by Permanent Secretary of the Federal Ministry of Finance, will examine key aspects of the tax regime, including Value Added Tax (VAT) thresholds, Withholding Tax, capital gains treatment, and multiple taxation.
The recommendations from the subcommittee will be incorporated into the Finance Bill 2027. Over 20 sectoral representatives from various public and private entities are part of the committee, which is tasked with developing proposals to improve investment and competitiveness. The subcommittee has six weeks to complete its work.
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