By Onyeanya Ebere Immaculata<\/p>\n
The Federal Government has met with senior officials of KPMG in Abuja to resolve concerns over differing interpretations of Nigeria\u2019s newly enacted tax laws and ease confusion among taxpayers.
\nThe meeting followed a KPMG Nigeria report that highlighted alleged errors and inconsistencies in the new tax framework, including provisions on share taxation, dividends, non-resident entities and foreign exchange deductions. Government officials had faulted the report, with the Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, saying the firm misunderstood the intent of the reforms.
\nAt the meeting, the Executive Chairman of the Nigeria Revenue Service, Dr Zacch Adedeji, clarified the contentious provisions. KPMG acknowledged that its earlier commentary was misconstrued and expressed regret, stressing that its aim was to seek clarity and contribute constructively to the reform process.
\nBoth sides agreed on the need for continued engagement to address emerging issues and ensure effective implementation. KPMG also affirmed its support for the reforms, describing them as timely and necessary for improved tax administration and economic growth.<\/p>\n","protected":false},"excerpt":{"rendered":"
By Onyeanya Ebere Immaculata The Federal Government has met with senior officials of KPMG in Abuja to resolve concerns over differing interpretations of Nigeria\u2019s newly enacted tax laws and ease confusion among taxpayers. The meeting followed a KPMG Nigeria report that highlighted alleged errors and inconsistencies in the new tax framework, including provisions on share […]<\/p>\n","protected":false},"author":29,"featured_media":81551,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[172],"tags":[],"class_list":["post-81550","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"aioseo_notices":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/81550","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/users\/29"}],"replies":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/comments?post=81550"}],"version-history":[{"count":1,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/81550\/revisions"}],"predecessor-version":[{"id":81552,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/81550\/revisions\/81552"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media\/81551"}],"wp:attachment":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media?parent=81550"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/categories?post=81550"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/tags?post=81550"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}