NEWS Beep: KPMG Flags Multiple Errors, Gaps in New Tax Laws, Calls for ‘Urgent’ Review……details

KPMG, a global network of professional services firms, says there are “errors, inconsistencies, gaps, omissions, and lacunae” in the new tax laws that require urgent reconsideration to ensure the achievement of their stated objectives.

In its newsletter, the professional services firm outlined several areas where revisions are required following a review of the New Tax Act (NTA), 2025.

KPMG said Section 3(b) and (c) of the NTA specifies persons on whom taxes may be imposed but omits the term ‘community’, despite its inclusion in the definition of a ‘person’.

….readmore:thecable.ng/kpmg-flags-mul…

….stay tuned for more!