The Presidential Fiscal Policy and Tax Reforms Committee has responded to observations made by KPMG on Nigeria’s newly enacted tax laws, stating that many of the issues raised stem from a misunderstanding of the policy intent rather than defects in the legislation.

In a statement issued on Friday, the Committee said it reviewed KPMG’s commentary and acknowledged that a few concerns relating to implementation timelines and minor clerical issues were valid and would be addressed accordingly.

However, the Committee stressed that most of the claims advanced by the consulting firm misrepresented deliberate policy choices embedded in the new laws or portrayed areas of policy disagreement as technical errors.

According to the Committee, the reforms were carefully designed to simplify the tax system, improve compliance, enhance revenue mobilisation, and reduce the burden on low-income earners, in line with the Federal Government’s broader fiscal reform agenda.

It added that stakeholder engagement remains ongoing and assured that constructive feedback aimed at strengthening implementation would continue to be welcomed.

The Committee urged analysts and stakeholders to distinguish clearly between policy design decisions and administrative issues, noting that accurate interpretation is essential to achieving the objectives of the new tax framework.