KPMG, NRS Meet After Debate Over New Tax Laws

 KPMG executives and Zaach Adedeji, chairman of the Nigeria Revenue Service (NRS), held a meeting on Monday following the disagreement over the new tax laws.

In a statement on Monday, the NRS said Adedeji hosted a courtesy visit from the delegation of the tax advisory firm.

NRS said the KPMG executives commended the chairman for his leadership and the timely implementation of the new tax laws, noting that “their initial apprehensions have been significantly

allayed”.

“They affirmed that the reforms are both necessary and timely, and pledged continued professional engagement in support of effective tax administration and national economic growth,” the statement reads.

According to sources at the NRS, the firm’s executives came to seek clarity on specific provisions of the laws.

“A delegation of top executives from KPMG paid a courtesy visit to the Executive Chairman of the Nigeria Revenue Service (NRS), Zacch A. Adedeji PhD,” a source said.

“During the visit, the KPMG team clarified that their earlier opinion on the new tax laws “had been misconstrued and expressed regret over the misunderstanding.

“They sought further clarity on the provisions of the laws and highlighted areas where recommendations could be made.”

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Damage control from KPMG

I believed they were not professional enough as a top firm