Tinubu declares: New tax laws take effect January 2026

President Bola Tinubu has declared that the newly enacted tax laws will commence on January 1, 2026, as scheduled, dismissing speculations about a possible delay or reversal of the reforms.

Tinubu made the declaration via a statement issued on Tuesday, December 30.

“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,” he declared.

The president said the tax reforms represent a historic opportunity to establish a fair, competitive, and resilient fiscal framework for Nigeria.

He stated that the new tax laws are not aimed at increasing the tax burden on citizens but are designed to drive structural reforms, promote harmonisation within the tax system, and strengthen the social contract while protecting the dignity of Nigerians.

Tinubu urged relevant stakeholders to support the implementation phase of the reforms, noting that the process has moved beyond policy formulation and is now firmly in the delivery stage.

Addressing public concerns over alleged amendments to certain provisions of the tax laws, Tinubu said no substantial issue has been identified that would justify disrupting the reform agenda.

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The president also reaffirmed his administration’s commitment to due process and the sanctity of enacted laws, pledging to work closely with the National Assembly to promptly resolve any issues that may arise.

He said: “Our administration is aware of the 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.

“I emphasise our administration’s unwavering commitment to due process and the integrity of enacted laws. The Presidency pledges to work with the National Assembly to ensure the swift resolution of any issue identified.”

Tinubu assured Nigerians that the federal government remains committed to acting in the overall public interest by ensuring a tax system that promotes economic prosperity and shared responsibility.

The Star