Oyedele leads six-week review of tax reforms
The Federal Government, led by Finance Minister Taiwo Oyedele, has begun a six-week review of Nigeria’s tax reforms to address implementation gaps. Read More: https://punchng.com/oyedele-leads-six-week-review-of-tax-reforms/
The Nigerian government has commenced a six-week review of the country's tax reforms, led by Finance Minister Taiwo Oyedele. The exercise aims to address implementation gaps, ambiguities, and unintended consequences that arose since the new tax laws were implemented in January 2026. The review will examine key areas, such as Value Added Tax thresholds, withholding tax, capital gains treatment, and multiple taxation, with recommendations expected to contribute to the Finance Bill 2027.
Oyedele, who inaugurated the Technical Subcommittee on Fiscal Policy and Tax Reforms, emphasized that implementation reveals areas requiring refinement or further reforms. The government also received 134 submissions from across the country following a call for public input, along with hard copies. The subcommittee is tasked with reviewing the Deduction of Tax at Source Regulations 2024, preparing revised withholding tax regulations, and updating the Companies Income Tax (Significant Economic Presence) Order 2020.
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- Oyedele leads six-week review of tax reforms punchng.com
