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New tax laws begins January 1 as planned – Tinubu says

Mediabypassnews by Mediabypassnews
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The new tax laws, including those that took effect on June 26, 2025, and the remaining acts scheduled to commence on January 1, 2026, will continue as planned.
 
President Bola Ahmed Tinubu who disclosed this in a statement said these reforms are a once-in-a-generation opportunity to build a fair, competitive, and robust fiscal foundation for the country.

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He added that the tax laws are not designed to raise taxes, but rather to support a structural reset, drive harmonisation, and protect dignity while strengthening the social contract.
 
The President urged all stakeholders to support the implementation phase, which is now firmly in the delivery stage.
According to him, “Our administration is aware of public discourse surrounding alleged changes to some provisions of the recently enacted tax laws.
 
“No substantial issue has been established that warrants a disruption of the reform process. Absolute trust is built over time through making the right decisions, not through premature, reactive measures”, he said.
Tinubu emphasized his administration’s unwavering commitment to due process and the integrity of enacted laws, adding that the Presidency pledges to work with the National Assembly to ensure the swift resolution of any issue identified.
 
The President assured all Nigerians that the Federal Government will continue to act in the overriding public interest to ensure a tax system that supports prosperity and shared responsibility.

Tags: Bola Ahmed TinubuNew tax laws begins on January 1 as planned - Tinubu saysNigeriaTax laws
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