In August 2023, President Bola Ahmed Tinubu inaugurated the Fiscal Policy and Tax Reforms Committee (“the Committee”) with a mandate to undertake a comprehensive overhaul of Nigeria’s tax system. Pursuant to this mandate, the Committee developed four major tax reform bills aimed at modernising and streamlining the country’s fiscal architecture. Following their passage by the National Assembly, President Tinubu signed the bills into law on 26 June 2025.
Collectively, these laws aim to address long-standing socio-economic challenges, improve tax administration, attract foreign direct investment, and strengthen the Naira.
These new laws take effect from 1 January 2026, at which point they will have the force of law. The purpose of this newsletter is to highlight and analyse ten key changes introduced by the new tax Acts.
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