Nigeria's New Tax Era Begins January 1, 2026

President Bola Tinubu has confirmed the start date for Nigeria's new tax system. The major changes will take effect on January 1, 2026. The announcement ends speculation about a possible delay. The government says the reforms will create a clearer and more efficient tax structure. Officials argue the new laws are necessary to increase government revenue. They say this will fund public services and infrastructure projects. The two-year preparation period is intended to give businesses and tax authorities time to adapt. The full details of the updated tax codes are expected to be released in the coming months.