Danjuma Amodu |January 13, 2026
The leadership of the Nigeria Revenue Service (NRS) and top executives of KPMG Nigeria met Monday in Abuja to iron out lingering concerns and interpretational differences sparked by the rollout of Nigeria’s landmark tax reforms, one of the most ambitious fiscal overhauls in recent memory.
The closed-door session comes amid intense debate within Nigeria’s corporate and professional circles over technical ambiguities in the new tax framework, particularly around capital gains, dividend taxation, non-resident withholding obligations, and foreign exchange deductions.
KPMG Nigeria had earlier issued a widely circulated report titled, “Nigeria’s New Tax Laws; Inherent Errors, Inconsistencies, Gaps and Omissions”, warning that unclear provisions could create compliance risks, investor uncertainty, and unintended tax exposures for businesses.
But during today’s meeting, the KPMG delegation acknowledged their initial analysis had been “misconstrued,” and expressed appreciation for NRS Chairman Dr. Zacch Adedeji’s leadership in driving timely implementation.
Adedeji took the opportunity to provide detailed clarifications on several contested provisions, while KPMG indicated willingness to engage constructively, offering to submit targeted recommendations to enhance clarity.
“The reforms are both necessary and timely,” KPMG stated via NRS’s official update on X. “We pledge continued professional collaboration to support effective tax administration and national economic growth.”
Both parties acknowledged that differing interpretations had contributed to confusion among taxpayers and agreed that sustained dialogue is essential to resolving emerging issues.
Taiwo Oyedele, Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, had earlier defended the Nigeria Tax Act (NTA), arguing KPMG misunderstood the policy intent behind certain clauses.
However, today’s meeting marked a shift with KPMG now expressing regret over the misunderstanding, seeking further clarity, and commending Dr. Adedeji for the swift rollout of the reforms.
