Businesses, Tax Professionals Raise Fresh Concerns Over Implementation of Nigeria’s New Tax Regime

Businesses and tax professionals have raised concerns over the implementation of Nigeria's new tax regime, calling for clearer guidelines, harmonised regulations, and greater certainty. At a stakeholders' forum in Lagos, groups including CITN, ICAN, CIoD, and LCCI warned that unresolved issues around VAT refunds, working capital, capital gains tax, compliance requirements, and the tax threshold for SMEs could increase the burden on taxpayers and discourage business expansion. The forum was the 2026 LCCI-OPS Stakeholders' Forum on Emerging Tax Matters.

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