New Tax Laws To Take Effect From January 2026 — Adedeji

According to the FIRS boss, the six-month period will give the government six months for both sensitisation planning.

The Chairman of the Federal Inland Revenue Service (FIRS), Zacch Adedeji, has disclosed that the newly signed tax laws will take effect from January 1, 2026.

According to him, this will give the government six months for both sensitisation planning.

Addressing State House correspondents on Thursday, Adedeji said, “It takes time for all the stakeholders, participants, operators, and even the regulator, to change the system.

“So, with the magnanimity of the National Assembly, Mister President, the effective date will be January 1, 2026 by the special grace of Almighty God. So, we have a full six months for both sensitization planning and also considering the fiscal year of the government.

“Because when you have this kind of change, it’s not what you do in the media, because if the application of law is better used from the beginning of the year. So, the effective date, by God’s grace, will be 1st of January, 2026.”

Adedeji’s announcement comes shortly after President Bola Tinubu assented to the four tax reform bills recently passed by the National Assembly.

The short ceremony which took place at the Presidential Villa on Thursday was attended by the leadership of the National Assembly and some legislators, governors, ministers, and aides of the President.

The four bills: the Nigeria Tax Bill, the Nigeria Tax Administration Bill, the Nigeria Revenue Service (Establishment) Bill, and the Joint Revenue Board (Establishment) Bill were passed by the National Assembly after extensive consultations with various interest groups and stakeholders.

Newzcruise

Newzcruise

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Posts

NEWS

Okanlomo Oodua: Even the universe rewards a man of honourable ways

J.F. Odunjo, the renowned Yoruba literary icon and writer of the popular Yoruba textbooks, Alawiye, died about 45 years ago, but his works continue to retain the importance and allure they had when he first wrote them. No Yoruba child worth his/her onions in the last 50 years would say he or she studied in […]

Read More
NEWS

US Imposes New Visa Restrictions on Nigerians Accused of Violating Religious Freedom

The United States government has introduced a new set of visa restrictions aimed at Nigerians alleged to have played a role in suppressing or violating religious freedom. In a statement shared on X on Tuesday, December 3, U.S. Secretary of State Marco Rubio announced that the policy will apply to individuals who “knowingly direct, authorize, […]

Read More
NEWS

Senator Alli hails Olubadan on Lead City University honourary doctorate

Senator (Dr) Sharafadeen Alli (APC–Oyo South) has congratulated the Olubadan of Ibadanland, Oba (Dr) Rashidi Adewolu Ladoja, on the conferment of an honourary doctorate degree by Lead City University, Ibadan. This is contained in a statement he personally signed and made available to newsmen on Thursday in Ibadan. The Olubadan received the Doctor of Science, […]

Read More