【全非资讯·尼日利亚】Nigeria: Govt Sets Up Technical Committee to Review 2025 Tax Acts

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The federal government has set up a technical sub-committee to review the 2025 Tax Acts, tasking the body to search for possible implementation ambiguity, unintended consequences, where compliance can be simplified, and areas of improved investment and competitiveness.

Minister of Finance and Coordinating Minister of the Economy, Mr. Taiwo Oyedele, who inaugurated the Technical Sub-committee on Fiscal Policy and Tax Reforms in Abuja, Thursday, said the exercise sought to review the implementation of existing fiscal and tax reforms and develop proposals that respond to current economic realities.

Oyedele said the subcommittee will review key areas of the tax regime, such as Value Added Tax (VAT) thresholds, Withholding Tax, capital gains treatment, and multiple taxation, with recommendations expected to form part of the Finance Bill 2027.

He said, "We must ask where implementation has revealed ambiguity, where unintended consequences have emerged, where compliance can be simplified, and where we can improve investment and competitiveness."

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The subcommittee, chaired by Permanent Secretary, Federal Ministry of Finance, and co-chaired by Chairman of Tax Advisory Committee, Mr. Albert Folorunsho, has over 20 sectoral representatives from the public and private sectors, as well as the professions.

Some of the representatives are drawn from the public sector organisations, like Central Bank of Nigeria (CBN), Nigeria Custom Service (NCS), Nigeria Revenue Service (NRS), Debt Management Office (DMO), Joint Revenue Board (JRB), Budget Office of the Federation (BoF), and Legal Drafting Department of the Federal Ministry of Justice, among others.

There are also representatives from Nigeria Economic Summit Group (NESG), the professional bodies, such as Institute of Chartered Accountants of Nigeria (ICAN), Association of National Accountants of Nigeria (ANAN), Chartered Institute of Taxation of Nigeria (CITN), and Nigerian Bar Association (NBA).

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