Federal Government Launches Review of 2025 Tax Acts
The federal government has formed a technical sub-committee to review the 2025 Tax Acts, aimed at identifying implementation ambiguities, unintended consequences, and areas for compliance simplification and enhanced investment. Mr. Taiwo Oyedele, the Minister of Finance and Coordinating Minister of the Economy, inaugurated the Technical Sub-committee on Fiscal Policy and Tax Reforms in Abuja.
The sub-committee, chaired by Mr. Albert Folorunsho, includes over 20 representatives from both public and private sectors, including organizations like the Central Bank of Nigeria, Nigeria Revenue Service, and various professional bodies. The review will focus on key tax areas such as Value Added Tax thresholds and multiple taxation, with recommendations expected to be included in the Finance Bill 2027.
Oyedele noted that the new tax laws, effective from January 1, 2026, have revealed areas needing clarification and further reform, emphasizing the importance of aligning tax laws with economic realities.
Plus234Feed summary based on reporting from This Day. Read the original report below.
Read full article
Continue on This Day
Get the week in one email
Top stories, NPFL results, the naira — every Friday morning. Free, one email a week.
Related Stories
Taiwo Oyedele Leads Review of 2025 Tax Reforms in Nigeria
Nigeria's Finance Minister Launches Tax Reform Review for 2027
Federal Government Reviews Tax Laws for Better Implementation
Nigeria's Tax Reform Subcommittee Inaugurated by Mr. Oyedele
Nigeria's Tax Acts 2025 Transition Guidelines Released
Taiwo Oyedele Initiates Review of Nigeria's Tax Reforms
Get Plus234Feed on messaging apps
Same headlines, delivered where you already scroll.
