The Federal Government has begun a six-week review of Nigeria’s new tax laws to address implementation challenges, reduce complexity and improve the business environment.
The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, announced the review Thursday in Abuja while inaugurating the Technical Subcommittee on Fiscal Policy and Tax Reforms.
The exercise will examine areas where the new tax laws have created ambiguity, unintended consequences or difficulties for taxpayers and businesses.
The four major tax laws came into full effect on 1st of January, 2026.
They are the Nigeria Tax Act, Nigeria Tax Administration Act, Nigeria Revenue Service Establishment Act and Joint Revenue Board Establishment Act.
Oyedele said the review was not intended to reverse the reforms.
“The Finance Bill 2027 should not be seen as just another annual legislative exercise.
"Our task is not to rewrite the 2025 reforms, but to preserve their fundamental principles while learning from implementation and responding to new economic realities,” he said.
He said the committee must identify “where implementation has revealed ambiguity” and where “unintended consequences have emerged,” while looking for ways to simplify compliance and improve investment and competitiveness.
The government received 134 submissions during its public call for contributions to the Finance Bill 2027.
The submissions covered multiple taxation, digitalisation, taxpayer rights, refunds, small businesses and investment competitiveness.
The committee will also review withholding tax regulations and the Significant Economic Presence Order 2020.
Oyedele said withholding tax should remain “an advance-payment and compliance mechanism,” rather than an additional cost of doing business.
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