BREAKING: No Going Again on New Tax Legal guidelines, Implementation Begins January 1, 2026 – Tinubu
President Bola Tinubu has mentioned the implementation of the newly enacted tax reform legal guidelines will start as scheduled on January 1, 2026.
In a press release issued on Tuesday, the president described the reforms as a once-in-a-generation alternative to determine a good, aggressive, and resilient fiscal framework, stressing that they aren’t supposed to extend taxes.
Tinubu famous that whereas among the tax legal guidelines took impact on June 26, 2025, others are slated to begin on January 1, 2026, including that the implementation timeline stays unchanged.
“These reforms current a uncommon alternative to construct a good, aggressive, and sturdy fiscal basis for our nation,” he mentioned.
He defined that the tax legal guidelines are aimed toward driving structural reforms, harmonising the tax system, and safeguarding residents’ dignity, quite than elevating tax charges, whereas additionally strengthening the social contract between the federal government and the folks.
The president urged all stakeholders to help the implementation course of, describing the reforms as having entered a essential supply section.
Addressing public considerations over alleged alterations between the tax legal guidelines handed by the Nationwide Meeting and people later gazetted, Tinubu acknowledged the continuing debate however maintained that there is no such thing as a compelling cause to halt the reform course of.
“Our administration is conscious of the general public discourse surrounding alleged adjustments to sure provisions of the not too long ago enacted tax legal guidelines,” he mentioned.
“Nonetheless, no substantial problem has been recognized that will justify disrupting the reform course of. Belief is constructed over time by making the suitable selections, not by way of hasty, reactive actions.”
He reaffirmed his administration’s dedication to due course of and the integrity of enacted legal guidelines, pledging collaboration with the Nationwide Meeting to swiftly resolve any points which will come up.
Tinubu assured Nigerians that the Federal Authorities would proceed to behave within the public curiosity to ship a tax system that promotes prosperity and shared duty.