The Digest:
Executives from KPMG met with the Nigeria Revenue Service chairman, Zacch Adedeji, to clarify concerns over recently enacted tax laws. After earlier citing “errors and inconsistencies,” the firm now commended the reforms
Key Points:
- KPMG executives met with NRS chairman Zacch Adedeji on Monday.
- The firm had previously highlighted “errors, inconsistencies, and gaps” in the new tax laws.
- During the meeting, KPMG said its earlier opinion was “misconstrued” and expressed regret.
- They sought clarity on specific provisions and offered recommendations.
- KPMG commended Adedeji for the “timely implementation” of the reforms.
- The Presidential Fiscal Policy and Tax Reforms Committee had earlier pushed back against KPMG’s critique.
- The NRS stated the firm now supports the laws as “necessary and timely.”
When policy meets practice, debate often precedes clarity. This meeting reflects how constructive engagement can turn criticism into collaboration, a reminder that in the storm of reform, dialogue is the bridge between intention and impact.
Sources: The Cable, Business Day
