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.