FG insists on January 1 implementation of tax laws
FG insists on January 1 implementation of tax laws
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The Federal Government has insisted that it is committed to kick-starting the implementation of the new tax reforms laws on January 1, 2026, saying the reforms are aimed at promoting economic growth inclusivity as well as shared prosperity for Nigerians.
This was disclosed by the Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele in Lagos on Friday.
Oyedele gave the assurance after presenting an update on the implementation of the tax reform to President Bola Tinubu.
Oyedele was accompanied to the meeting with the President by the Chairman of the Federal Inland Revenue Service (FIRS), Zacchaeus Adedeji, and the chairman of the National Tax Policy Implementation Committee, Joseph Tegbe.
Addressing journalists after the meeting, Oyedele, who said the committee is open to working with the National Assembly, added that “As you are already aware, there are four of those laws, and two of them have already commenced, and that’s the Nigerian Revenue Service Establishment Act and the Joint Revenue Service Establishment Act which commenced in June, 2025.”
He said the remaining two laws, the Nigerian Tax Act and the Nigerian Tax Administration Act are scheduled to commence on January 1, 2026.
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