The Chairman, Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, has defended the Nigeria Tax Act, NTA, clarified the policy intent, stating that KPMG Nigeria does not understand the reform.
Oyedele made the points in a statement on Saturday, following KPMGs analysis of the NTA, where they pointed point perceived weaknesses.
KPMG said: "There are certain errors, inconsistencies, gaps, omissions, and lacunae in the new tax laws that need to be urgently reconsidered to ensure the attainment of the stated objectives, and called for reviews .
