The Federal Inland Revenue Service (FIRS) Chairman, Zacch Adedeji, has announced that Nigeria’s newly enacted tax laws will come into force on January 1, 2026.
Speaking to journalists at the State House yesterday, he said the timeline provides the government with a six-month window to adequately plan and sensitise stakeholders about the impending changes.
He noted that implementing such reforms requires significant adjustments across all sectors, including regulators, operators, and participants.
“It’s a process that demands proper preparation, not something to simply rush through media channels. By the grace of God, the new system will take effect from the start of the new fiscal year, January 1, 2026,” he said.
Mr Adedeji credited the National Assembly and President Bola Tinubu for granting sufficient time for a smooth transition, stressing that it is essential to align the reforms with the government’s financial calendar.
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The announcement followed Mr Tinubu’s recent assent to four key tax reform bills, which were passed by the National Assembly after extensive engagement with relevant stakeholders and interest groups.
The signing ceremony, held at the Presidential Villa on Thursday, was attended by senior government officials, including National Assembly leaders, governors, ministers, and presidential aides.
The newly signed bills include the Nigeria Tax Bill, the Nigeria Tax Administration Bill, the Nigeria Revenue Service (Establishment) Bill, and the Joint Revenue Board (Establishment) Bill.
