₦airaland Forum

Welcome, Guest: RegisterLoginWith GoogleTrendingRecentNew

Stats: 3,328,965 members, 8,438,170 topics. Date: Friday, 03 July 2026 at 04:36 AM

Toggle theme

FG Says No Going Back On New Tax Laws From January 1, 2026 - Politics - Nairaland

Nairaland ForumNairaland GeneralPoliticsFG Says No Going Back On New Tax Laws From January 1, 2026 (10001 Views)

1 2 3 Reply (Go Down)

FG Says No Going Back On New Tax Laws From January 1, 2026 by LegendHero(op): 9:12pm On Dec 26, 2025
The Federal Government has affirmed that there will be no reversal in the planned implementation of Nigeria’s new tax reform laws scheduled to take effect on January 1, 2026.

Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele,made this position known on Friday after a meeting with President Bola Tinubu in Lagos to brief him on the progress of the reforms.

Oyedele said four tax-related laws were signed into law as part of the reform programme, noting that two, the Nigeria Revenue Service (Establishment) Act and the Joint Revenue Board of Nigeria (Establishment) Act have already commenced since June 26, 2025.

According to him, the remaining two laws, the Nigeria Tax Act and the Nigeria Tax Administration Act will take effect as scheduled on January 1, 2026, despite ongoing reviews by the National Assembly over concerns surrounding the gazetting of the Acts.

He welcomed the decision of the House of Representatives to investigate the matter, stressing that the Federal Government is ready to work with the National Assembly if any action becomes necessary, but maintained that the reform timeline remains unchanged.

Oyedele explained that the reforms are aimed at providing relief to Nigerians and stimulating economic growth rather than generating immediate revenue.
He said about 98 per cent of workers would either pay no personal income tax or pay less, while 97 per cent of small businesses would be exempted from corporate income tax and VAT withholding tax.

He added that large businesses would also benefit from lower effective tax rates, noting that the reforms are designed to promote inclusivity, shared prosperity and improved tax compliance.

The committee chairman said preparations for the reforms began in October 2024 when the bills were first submitted to the National Assembly and have continued through capacity building, system upgrades and stakeholder sensitisation since the laws were signed in June 2025.

The National Assembly had earlier on Friday directed the re-gazetting of the tax laws to ensure clarity and accuracy of legislative records.

The legislature said the exercise is purely administrative and does not affect the validity or authority of the Acts passed by both chambers.
Source: https://ait.live/fg-says-no-going-back-on-new-tax-laws-from-january-1-2026/

Re: FG Says No Going Back On New Tax Laws From January 1, 2026 by HgAkpobomeEr: 9:23pm On Dec 26, 2025
The tax reforms are a step in the right direction.
Re: FG Says No Going Back On New Tax Laws From January 1, 2026 by Kukutente23: 9:44pm On Dec 26, 2025
If the tax laws are so good as they are been peddled, why is there so much apprehension and confusion about them
Re: FG Says No Going Back On New Tax Laws From January 1, 2026 by Racoon(m): 9:47pm On Dec 26, 2025
Taxation kills an unproductive population and snuff out their economic life. Don't worry unease lies the head that always wear the crown. When your push people to the wall, you brings out the beast in them.
Re: FG Says No Going Back On New Tax Laws From January 1, 2026 by ebukal67x: 10:00pm On Dec 26, 2025
Only God knows who will be paying tax come 2026.
Re: FG Says No Going Back On New Tax Laws From January 1, 2026 by iwaeda: 11:28pm On Dec 26, 2025
With all those forged in line items. He that gods want to malign, he first hardened his mind. grin grin grin grin grin
Re: FG Says No Going Back On New Tax Laws From January 1, 2026 by Rexnegro(m): 11:30pm On Dec 26, 2025
Okay o... No going back abi , God go see us through
Re: FG Says No Going Back On New Tax Laws From January 1, 2026 by Mrshape: 11:30pm On Dec 26, 2025
ebukal67x:
Only God knows who will be paying tax come 2026.
Everybody will pay, no escape, as a mathematician the little legal loopholes, is not worth taken, because it will bring little returns
Re: FG Says No Going Back On New Tax Laws From January 1, 2026 by LegendHero(op): 11:31pm On Dec 26, 2025
Racoon:
Taxation kills an unproductive population and snuff out their economic life. Don't worry unease lies the head that always wear the crown. When your push people to the wall, you brings out the beast in them.
You need to type it in Ibo so we can understand
Re: FG Says No Going Back On New Tax Laws From January 1, 2026 by Yankee101:
Push and push
When the people push back I hope you can stand it too
Re: FG Says No Going Back On New Tax Laws From January 1, 2026 by Rexnegro(m): 11:32pm On Dec 26, 2025
HgAkpobomeEr:
The tax reforms are a step in the right direction.
What are you saying? How's it right. Please kindly breakdown your reasons or their reasons
Re: FG Says No Going Back On New Tax Laws From January 1, 2026 by LegendHero(op): 11:32pm On Dec 26, 2025
Kukutente23:
If the tax laws are so good as they are been peddled, why is there so much apprehension and confusion about them
Because that is what opposition does in Nigeria.

Condemn everything whether good or bad. APC are guilty of the same when they were in opposition.
Re: FG Says No Going Back On New Tax Laws From January 1, 2026 by donleo92(m): 11:32pm On Dec 26, 2025
Nigeria labour congress is one useless organization that I don't know.

Anyway, let's watch and see how it unfolds
Re: FG Says No Going Back On New Tax Laws From January 1, 2026 by LegendHero(op): 11:33pm On Dec 26, 2025
donleo92:
Nigeria labour congress is one useless organization that I don't know.

Anyway, let's watch and see how it unfolds
Nigeria Labour congress were consulted during the public hearing for the tax reform.

I’m sure their NLC president don drink to much alcohol which explain why he’s now talking about a reform that is already law.
Re: FG Says No Going Back On New Tax Laws From January 1, 2026 by harsysky(m): 11:34pm On Dec 26, 2025
I like and support this tax stuff. The illiterates who know no direction will surely understand when money leaves their account at the end of the year. If one doesn't learn through the normal way, s/he will learn the hard way. When you pay tax regularly, you will understand why you need to hold your LG chairman accountable. Abeg make we dey pay 50% tax. E go reduce tribalism
Re: FG Says No Going Back On New Tax Laws From January 1, 2026 by donleo92(m): 11:35pm On Dec 26, 2025
@legendhero hope the money the fg paid you is enough for your generation??

Just curious, because you carry this thing for head pass the federal government
Re: FG Says No Going Back On New Tax Laws From January 1, 2026 by ElGenio39: 11:35pm On Dec 26, 2025
Taxing people you provided nothing for. No safety,no water no good roads, yet you want us to pay tax this is bullshit
Re: FG Says No Going Back On New Tax Laws From January 1, 2026 by eazzzy1(m): 11:37pm On Dec 26, 2025
There are a lot of ‘not so smart’ people in Nigeria. People who would rather get information on the new tax regime from street vendors than from the person who put the whole thing together.

Currently if you earn #100,000 a month and pay %15 in taxes, you pay #15,000 taxes. With the new regime, the first #66,000 is untaxed. You pay 15% on #34,000.
Which means anyone earning #66,000 and below is totally exempted from paying tax. Majority of people currently paying tax will see a reduction in what they pay.

This man has been going from one station to the other telling you the fact about the tax regime but you will rather watch sabinus with your time and get tax info from the pepper seller down the street.
Re: FG Says No Going Back On New Tax Laws From January 1, 2026 by TheGift: 11:39pm On Dec 26, 2025
LegendHero:
Source: https://ait.live/fg-says-no-going-back-on-new-tax-laws-from-january-1-2026/
Some things BAT is bold about. Some things, the FG dilly-dallys and policy somersaults about.

Which are for national interest and which are for personal interest? Is the real question to be answered.
Re: FG Says No Going Back On New Tax Laws From January 1, 2026 by Kukutente23: 11:42pm On Dec 26, 2025
LegendHero:
Because that is what opposition does in Nigeria.

Condemn everything whether good or bad. APC are guilty of the same when they were in opposition.
So why are you complaining?
They should tell us the benefits of the tax reforms instead of lies and propaganda
Re: FG Says No Going Back On New Tax Laws From January 1, 2026 by sundayezege4(m): 11:42pm On Dec 26, 2025
LegendHero:
Source: https://ait.live/fg-says-no-going-back-on-new-tax-laws-from-january-1-2026/
Nigerians should be ready for the biggest and disastrous protest in Africa come first January. Because we can't watch tinubu destroy the work of our past leaders.
Re: FG Says No Going Back On New Tax Laws From January 1, 2026 by Vision101(m): 11:42pm On Dec 26, 2025
Kukutente23:
If the tax laws are so good as they are been peddled, why is there so much apprehension and confusion about them
Nigerians don't like paying tax. Again it's part of human nature. Very few like to part with anything. Generally people don't like taxation. That's why tax masters are hated. Remember the publicans in the Bible.
Re: FG Says No Going Back On New Tax Laws From January 1, 2026 by MaziObinnaokija: 11:45pm On Dec 26, 2025
grin.Toh... E GO BETTER.

ALL WILL BE WELL
Re: FG Says No Going Back On New Tax Laws From January 1, 2026 by Formation10: 11:47pm On Dec 26, 2025
HgAkpobomeEr:
The tax reforms are a step in the right direction.
which right direction subsidy which direction he face they play
Re: FG Says No Going Back On New Tax Laws From January 1, 2026 by jubrilELsudan: 11:56pm On Dec 26, 2025
THEN AS E BE SO EVERYWHERE GO BURN SO OOOO

Re: FG Says No Going Back On New Tax Laws From January 1, 2026 by LegendHero(op): 11:56pm On Dec 26, 2025
Kukutente23:
So why are you complaining?
They should tell us the benefits of the tax reforms instead of lies and propaganda
E no go better for anybody wey go tell anybody about benefit of tax reform again.

All the one wey dem dey talk all these time, no be block una block your ears.

Na Taiwo Oyedele be mumu, he’s still a learner coz e no be politician.
Re: FG Says No Going Back On New Tax Laws From January 1, 2026 by Elvis2kay: 12:00am On Dec 27, 2025
Dem don cut Jagaban ear oo.. baba no dey hear anything
Re: FG Says No Going Back On New Tax Laws From January 1, 2026 by blackgold2018(m): 12:02am On Dec 27, 2025
HgAkpobomeEr:
The tax reforms are a step in the right direction.
poor man don drop script.
Re: FG Says No Going Back On New Tax Laws From January 1, 2026 by hatchy: 12:03am On Dec 27, 2025
ebukal67x:
Only God knows who will be paying tax come 2026.
Who will pay?

Me, you, every body including the little breast feeding babie because that baby formula have it's on wicked VAT and other levies on it.

Even the dead will pay. From January all the data boys and girls will realise what they did to themselves....just wait.

Re: FG Says No Going Back On New Tax Laws From January 1, 2026 by Nazgul: 12:03am On Dec 27, 2025
This was Taiwo in 2020, speaking against excessive taxation when he wasn’t in government.

Today, he’s heading Tinubu’s tax team, championing policies that will further suffocate ordinary Nigerians. It’s funny how principles suddenly change once power is involved.

Has he forgotten that no government has ever become wealthy by taxing poverty? You can’t milk an empty cow and expect prosperity.

This is the very definition of double standards

Re: FG Says No Going Back On New Tax Laws From January 1, 2026 by snowball11(m): 12:04am On Dec 27, 2025
Vision101:
Nigerians don't like paying tax. Again it's part of human nature. Very few like to part with anything. Generally people don't like taxation. That's why tax masters are hated. Remember the publicans in the Bible.
And why should Nigerians pay tax in the first place when they can see their so called leaders blatantly stealing their common resources and traveling abroad with their families enjoying themselves at the expense of the suffering masses? undecided
1 2 3 Reply

FG Introduces Green Tax On Vehicles From July 1, 2026Jordan, Wike's Son Bags Master Of Laws From Queen Mary University Of London‘No Going Back’: #OccupyLekki Protesters Insist Despite Heavy Security234

Further Evidence Nnamdi Kanu Campaigned For Jonathan And PDPThere Is No Violence And Killings In Oyo State - Commissioner Of PoliceCourt Adjourns Sunday Igboho Aides’ Suit To August 4