Nigeria’s new tax laws will begin in 2026 as the government insists reforms will ease burdens and boost growth.
The Nigerian Tax Act and Nigerian Tax Administration Act will take effect on January 1, 2026, despite concerns by the House of Representatives over alleged alterations to the gazetted laws. This was confirmed by Taiwo Oyedele, Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, after a meeting with President Bola Tinubu.
Oyedele said four tax reform laws were enacted, with two already in force since June 26, 2025, while the remaining two will commence as scheduled. He welcomed the House Committee’s review of the alleged discrepancies but stressed that implementation will not be delayed.
According to Oyedele, the reforms will provide major relief, with 98% of workers paying lower or no PAYE tax and 97% of small businesses exempt from key taxes. He added that the reforms focus on economic growth, compliance, and fairness, not higher tax rates, while capacity building and system upgrades continue ahead of full rollout.
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