FG Insists on January 1 Implementation of Tax Laws

The Federal Government has announced that the complete rollout of its new tax reform regulations will commence on January 1, 2026. Taiwo Oyedele, who chairs the Presidential Committee on Fiscal Policy and Tax Reforms, shared this information on Friday in Lagos after a meeting with President Bola Tinubu. Joined by the Chairman of the FIRS, Zacchaeus Adedeji, and Joseph Tegbe, who leads the Implementation Committee, Oyedele discussed the current status of four significant laws: 


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Already in effect (since June 2025): The Nigeria Revenue Service Establishment Act and the Joint Revenue Service Establishment Act. 

Starting January 1, 2026: The Nigeria Tax Act and the Nigeria Tax Administration Act. Oyedele pointed out that the past six months have been utilized for capacity development, systems enhancement, and public awareness campaigns. He stressed that these reforms aim to eliminate distorting incentives while broadening the tax base instead of merely raising tax rates. 

"When the economy expands, individuals contribute not because tax rates have increased, but due to the growth of the tax base," Oyedele remarked, further noting that the reforms are expected to yield both enhanced revenue and improved social equity.

Location: Abuja, Federal Capital Territory, Nigeria

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