PwC Nigeria Partner Urges Businesses to Automate Tax Compliance Processes to Avoid Errors
PwC Partner in Nigeria, Kenneth Erikum, urges businesses to automate tax compliance processes to prevent expensive penalties due to errors in Nigeria's new tax laws effective from January 1, 2026. Erikum emphasizes the importance of getting tax processes right the first time to avoid financial losses.
He highlights the need for businesses to update their ERP, payroll, and invoicing systems to align with the new tax reform act. Erikum also stresses the significance of managing payroll systems promptly to reflect the updated tax structures, including tax exemptions and higher tax rates for certain income brackets.
Plus234Feed summary based on reporting from NairaMetrics. Read the original report below.
Read full article
Continue on NairaMetrics
Get the week in one email
Top stories, NPFL results, the naira — every Friday morning. Free, one email a week.
Related Stories
Nigeria Tax Act 2025: Practical Steps for Small Businesses Amid Reform Confusion
KPMG Warns Errors in Nigeria's New Tax Laws Could Impact Investment and Revenue Goals
NRS Boss Advocates Data-Driven Tax System for Nigeria
FIRS Accredits PwC Nigeria for Mandatory E-Invoicing Integration
Cross-Border Payments Highlight Tax Compliance Risks in Nigeria
Nigeria Introduces New Tax Regime: Compliance, Penalties, and Dispute Resolution Explained
Get Plus234Feed on messaging apps
Same headlines, delivered where you already scroll.
