The Nigeria Revenue Service has held a meeting with representatives of KPMG in a move aimed at resolving disagreements surrounding the recently enacted tax reforms.
The engagement took place on Monday when the Executive Chairman of the Nigeria Revenue Service, Dr Zacch Adedeji, received a delegation from the tax advisory firm at the agency’s headquarters. The visit followed weeks of public exchanges between both sides over the provisions of the Nigeria Tax Act.
KPMG had earlier raised concerns after conducting a review of the new tax framework, describing the legislation as containing gaps, errors and internal contradictions that could affect implementation. The Federal Government responded by dismissing the claims and insisting that the firm misunderstood the intent and structure of the reforms.
However, according to a statement issued by the Nigeria Revenue Service after the meeting, the tone of discussions was conciliatory, with the KPMG delegation expressing appreciation for the leadership of the revenue agency and the pace of implementation of the new laws.
The statement said the firm acknowledged that many of its earlier concerns had been addressed following further engagement and clarification. It added that the KPMG executives described the reforms as necessary and timely, given Nigeria’s current economic realities and the need to strengthen revenue mobilisation.
The delegation also pledged continued professional engagement with the revenue service in support of efficient tax administration and broader national economic growth.
The meeting is seen as a step towards easing tensions between government tax authorities and private sector stakeholders as the country moves to implement sweeping fiscal reforms designed to broaden the tax base and improve compliance.
