President Bola Tinubu has confirmed that Nigeria’s new tax laws will commence on January 1, 2026, as planned. The laws aim to support a structural reset, drive harmonisation, and strengthen the social contract while protecting citizens’ dignity. Tinubu emphasized that the reforms are a “once-in-a-generation opportunity” to build a fair, competitive, and robust fiscal foundation for Nigeria.
The new tax laws include:
– Nigeria Tax Bill: Consolidates fragmented tax laws into a harmonised statute
– Nigeria Tax Administration Bill: Establishes a uniform framework for tax administration
– Nigeria Revenue Service (Establishment) Bill: Creates a more autonomous revenue agency
– Joint Revenue Board (Establishment) Bill: Facilitates cooperation between revenue authorities
The reforms are expected to increase tax revenue, improve the business environment, and stimulate investment. Some exemptions and relief measures will also be introduced, targeting low-income earners, small businesses, and key consumer goods.
