In an update published by KPMG Nigeria, the firm said certified versions of Nigeria’s tax reform laws were intended to address discrepancy allegations, but the legislation still contains “errors, inconsistencies, gaps, and omissions” requiring fixes.
Tax implementation depends on precision—definitions, dispute processes, and administrative powers must be unambiguous to avoid abuse and litigation.
For businesses, uncertainty raises compliance costs and can delay investment decisions while firms wait for official guidance.
Reuters reported the dispute over discrepancies and implementation, while reform advocates have publicly framed the rollout as non-negotiable with “No Going Back” messaging.
Echotitbits take: Watch for amendment bills and administrative guidance notes—fast clarification reduces disruption for SMEs and the capital market.
Source: The Punch — https://punchng.com/kpmg-flags-errors-gaps-in-gazetted-tax-laws/ — January 10, 2026
The Punch 2026-01-10
Photo Credit: The Punch
