Nigeria is shifting from a self-assessment tax regime to an automated system in which authorities validate returns against independently sourced electronic data, marking a structural overhaul of compliance administration.
“In a future world, five to ten years from now, we’re looking at our returns in an automated fashion,” Tania Davids, Africa tax and transformation lead, KPMG, said at a KPMG webinar titled ‘Strengthening the tax function to respond to regulatory changes.’
Under the new framework, revenue officials may already possess a company’s revenue and expense profile before annual filings are submitted.
The reform reduces reliance on voluntary declarations and strengthens the state’s capacity to verify income at source.
