- Four new tax reform laws signed in June take effect from January 2026, reshaping Nigeria’s tax administration system.
- Tinubu insisted that the reforms protect low-income earners and guarantee equity in tax collection across economic classes.
President Bola Tinubu has unveiled a personal income tax calculator designed to help Nigerians estimate their tax liabilities.
In a post on his X handle on Thursday, Tinubu said the tool would simplify compliance under the new tax regime.
He explained that the reforms, which take effect from January 2026, were created to ensure fairness and equity in taxation.
The president said: “With the new tax laws I recently signed, taking effect from January 2026, we have lifted this burden and created a path of equity, fairness, and true redistribution in our economy.”
Tinubu added that the calculator allows individuals to compare their current tax payments with estimates under the new laws.
He noted: “It shows clearly how these reforms protect low-income earners, ensures progressivity, and simplifies compliance in order to deliver a transparent system that works for all.”
The president urged Nigerians to test the new calculator at fiscalreforms.ng/index.php/pit.
He also encouraged citizens to have faith in the country.
“Bet on Nigeria to work for you, your family, and your community,” he wrote.
On June 26, Tinubu signed four tax reform bills into law.
The regulations include the Nigeria Tax (Fair Taxation) Law, the Nigeria Tax Administration Law, the Joint Revenue Board (Establishment) Law, and the Nigeria Revenue Service (Establishment) Law.
The president said the reforms were targeted at restoring fairness in the tax system.
He added that the new measures would ignite inclusive economic growth across the country.