Executive Chairman of the National Revenue Service, Dr. Zacch Adedeji, has said that the new tax reforms recently signed into law will officially begin on January 1, 2026.
Speaking with reporters at the State House on Thursday, Dr. Adedeji noted that this timeline was chosen to allow for proper planning and preparation.
According to him, the six-month window before the new tax laws take effect will help the government, businesses, and individuals to get ready in line with the national budget cycle.
“Based on best practices globally, because when you have this kind of change, it takes time for all the stakeholders, participant operators, and even the regulator to change the system. So with the magnanimity of the National Assembly, Mr. President, the effective date will be January 1, 2026, by the special grace of Almighty God,” he said.
Adedeji stressed the importance of launching the reforms at the start of a new calendar year, saying, “When you have this kind of change, it’s not what you do mid-year. Because if the application of the law is better, you start from the beginning of the year.
“So effective dates, by God’s grace, will be first of January 2026,” he added.
