Nigerian Tax Reform Committee Defends New Tax Laws Against KPMG Criticism

The Nigerian Fiscal Policy Tax Reform Committee refutes KPMG's critique of the new tax laws, addressing concerns about errors and gaps in the legislation. The committee defends the tax regime's design, clarifying provisions such as capital gains tax rates and indirect transfer taxation.

They argue that the reforms aim to align with global best practices and prevent profit shifting. The Nigerian stock market's strong performance is highlighted as evidence of investor confidence in the new tax system.