The Federal Government has begun a six-week review of Nigeria’s new tax laws to identify implementation gaps, address unintended consequences and consider concerns raised by businesses and other stakeholders.
Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, announced the review while inaugurating the Technical Subcommittee on Fiscal Policy and Tax Reforms in Abuja.
The review will examine areas including Value Added Tax thresholds, withholding tax, capital gains treatment and multiple taxation, with recommendations expected to feed into the Finance Bill 2027.
The Nigeria Tax Act 2025, Nigeria Tax Administration Act 2025, Nigeria Revenue Service (Establishment) Act 2025 and Joint Revenue Board (Establishment) Act 2025 took full effect on Jan. 1, 2026.
Oyedele said implementation had revealed areas requiring clarification, refinement or further reform, stressing that the review was not intended to reverse the 2025 reforms but to improve their implementation.
“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.
The review follows concerns raised by private-sector groups over the interpretation and implementation of some provisions of the new tax regime.
The government said it received 134 submissions from across Nigeria’s geopolitical zones following a call for public input. Preliminary issues raised included clearer VAT thresholds, withholding tax and capital gains provisions, measures against multiple taxation, improved coordination among revenue authorities, taxpayer rights and quicker refunds.
The subcommittee will also review withholding tax regulations, the Significant Economic Presence framework and other areas of fiscal policy, public financial management, debt, transparency, capital markets and cross-border capital flows.
Oyedele directed the committee to consider the wider economic effects of proposed changes, particularly on low-income households, workers and businesses.
The subcommittee, chaired by the Permanent Secretary of the Federal Ministry of Finance, has six weeks to complete its assignment and submit its recommendations.
