President Bola Tinubu has signed four key tax reform bills into law, marking a significant step towards overhauling Nigeria’s tax administration. The bills include the Nigeria Tax Bill, the Nigeria Tax Administration Bill, the Nigeria Revenue Service (Establishment) Bill, and the Joint Revenue Board (Establishment) Bill, all of which were passed by the National Assembly.
In a statement from the presidency, officials noted that the new laws are expected to substantially improve tax collection and administration across the country. The reforms aim to enhance revenue generation, create a more conducive business environment, and attract increased domestic and foreign investments.
Meanwhile, the Chairman of the Federal Inland Revenue Service (FIRS), Zacch Adedeji, announced that the new tax regime will take effect starting January 1, 2026. He explained that FIRS will dedicate the next six months to comprehensive sensitization and planning to ensure a smooth transition and effective implementation of the reforms.
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