Taiwo-Oyedele Tax.webp
The Digest:

The Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, has issued a strong rebuttal to a recent analysis by KPMG Nigeria, stating the firm "does not understand" the policy intent behind the newly enacted Nigeria Tax Act (NTA). He challenged the characterization of deliberate policy choices as errors.

Key Points:
  • Taiwo Oyedele stated that PMG Nigeria does not understand the intent of the new Tax Act.
  • He was responding to KPMG's report highlighting errors and gaps in the legislation.
  • Oyedele acknowledged some useful points but said most reflected a "misunderstanding."
  • He argued many cited "errors" were actually KPMG's own invalid conclusions or policy preferences.
  • The chairman noted the firm omitted major reforms like tax simplification and rate reductions.
  • He emphasized that he law resulted from extensive stakeholder consultations and public hearings.
  • Oyedele urged professional firms to engage directly for clarification rather than public critique.
  • He called for a pivot to dynamic engagement to support the law's implementation.
The dispute underscores the complex challenge of implementing sweeping fiscal reforms, where technical scrutiny meets political and policy defense in the public arena.

Sources: Vanguard News, Nairametrics