Oyedele leads six-week review of tax reforms

The Federal Government has commenced a six-week review of Nigeria's tax reforms, led by Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele. The review aims to address implementation gaps, ambiguities, and unintended consequences that have emerged since the new tax laws took effect in January. The exercise will examine key areas of the tax regime, including Value Added Tax thresholds, withholding tax, capital gains treatment, and multiple taxation.

The recommendations from the review are expected to form part of the Finance Bill 2027. The government received 134 submissions from across the geopolitical zones following its call for public input, with stakeholders proposing changes to clarify and simplify VAT thresholds, withholding tax, and capital gains treatment, as well as stronger action against multiple taxation and better coordination among revenue authorities.

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