The Chairman of the Federal Inland Revenue Service, Zacch Adedeji, has said that the newly signed tax laws will take effect from January 1, 2026.
Adedeji said the timeline would allow for adequate sensitisation and preparation by relevant stakeholders before the laws are fully implemented.
Speaking on Thursday in Abuja, the FIRS boss explained that the transition period would give room for proper planning by regulators, operators, and other participants in the tax ecosystem.
“It takes time for all the stakeholders, participants, operators, and even the regulator, to change the system,” he said.
“With the magnanimity of the National Assembly and Mr 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 sensitisation and planning, also considering the fiscal year of the government.
“When you have this kind of change, it’s not something you implement in the media. The application of the law is better started from the beginning of the fiscal year,” he added.
President Bola Tinubu had on Thursday signed into law four tax reform bills recently passed by the National Assembly.
The brief signing ceremony, which was held at the Presidential Villa, was attended by members of the National Assembly leadership, some state governors, ministers, and presidential aides.
The newly enacted laws include the Nigeria Tax Bill, the Nigeria Tax Administration Bill, the Nigeria Revenue Service (Establishment) Bill, and the Joint Revenue Board (Establishment) Bill.
The bills were passed after extensive consultations with stakeholders and interest groups as part of the administration’s drive to reform Nigeria’s tax system.
