The Federal Government has reaffirmed that Nigeria’s new tax laws will commence as scheduled on January 1, 2026, including those that already took effect on June 26, 2025, dismissing speculations about any suspension or reversal of the reform programme. According to the Presidency, the tax reforms represent a once-in-a-generation opportunity to build a fairer, more competitive and resilient fiscal framework capable of supporting sustainable economic growth and strengthening the social contract between the government and citizens. The government stressed that the new tax regime is not designed to impose higher taxes on Nigerians but to deliver a structural reset of the tax system through harmonisation, efficiency and equity, while protecting the dignity of citizens and businesses. “These reforms are aimed at creating clarity, reducing multiplicity, and ensuring that the tax system works for both government and taxpayers,” the statement said, adding that the focus is on broadening compliance rather than increasing tax burdens. The Presidency assured Nigerians that the Federal Government will continue to act in the overriding public interest to deliver a modern tax system that promotes prosperity, shared responsibility and inclusive national development.

Source: The Guardian December 31, 2025 10:49 UTC