The Kwara Chamber of Commerce, Industry, Mines and Agriculture (KWACCIMA) hosted a seminar on the new tax law regime, collaborating with the Chartered Institute of Taxation of Nigeria (CITN), Ilorin and District Society, and the Association of National Accountants of Nigeria (ANAN), Kwara State branch.
The event, themed "Taxes for SMEs: Supporting Small Businesses to Thrive Under the New Tax Reforms Regime," took place on Wednesday, 4th March 2026, at the 02 Arena Event Hall, Ilorin. It drew professionals and business leaders who were eager to understand the implications of the new tax law on small and medium-sized enterprises (SMEs).
Welcoming participants to the auspicious event, the Chairman, CITN Ilorin and District Society, Taofiq Alabi, FCTI, enjoined business owners to continue to seek the needed knowledge on the new tax laws and embrace the new tax reform regime because it has come to stay.
Keynote speaker and renowned tax expert, Prof. Godwin Emmanuel Oyedokun who was awarded for his presentation on "Taxes for SMEs: Supporting Small Businesses to Thrive Under the New Tax Reforms Regime", emphasized the importance of understanding the new tax reforms for SME growth and sustainability.
Dr. Yoyinsola S. Anjorin presenting a paper on "No Records, No Defence: How Proper Bookkeeping Can Save SMEs from Double Tax Under the New Tax Regime," highlighted the need for accurate record-keeping by SMEs to avoid double taxation and penalties.
Abdullahi Gegele discussed "Support Systems, Simplified Tax Processes and Dispute Resolution Mechanism for MSMEs," focusing on resources available to support SMEs in navigating the new tax regime. He took the participants through the statutory responsibilities of SMEs which include business registration, retrieval of Tax ID, record keeping, declaration of income and filing of annual tax returns.
Delivering the last paper on “Filing Made Simple: Leveraging e-Platforms for Tax Compliance”, Olayemi Ayedun explained the various digital platforms provided by the Nigeria Revenue Service (NRS) for seamless filing and payments by taxpayers.
Attendees praised the seminar's insights, saying it was informative and helpful. The event provided a valuable platform for discussion and networking on the new tax law's impact on SMEs, equipping attendees with insights to thrive under the new tax reforms.